Laundry and dry cleaning services priced at $20 in 2002 $40.39 in 2024

Laundry And Dry Cleaning Services Inflation Calculator

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Prices for Laundry And Dry Cleaning Services, 2002-2024 ($20)

According to the U.S. Bureau of Labor Statistics, prices for laundry and dry cleaning services are 101.96% higher in 2024 versus 2002 (a $20.39 difference in value).

Between 2002 and 2024: Laundry and dry cleaning services experienced an average inflation rate of 3.25% per year. This rate of change indicates significant inflation. In other words, laundry and dry cleaning services costing $20 in the year 2002 would cost $40.39 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 2.56% during this same period, inflation for laundry and dry cleaning services was higher.

In the year 2002: Pricing changed by 3.07%, which is below the average yearly change for laundry and dry cleaning services during the 2002-2024 time period. Compared to inflation for all items in 2002 (1.59%), inflation for laundry and dry cleaning services was higher.

Price Inflation for Laundry and dry cleaning services since 1997

Consumer Price Index, U.S. Bureau of Labor Statistics
Years with the largest changes in pricing: 2022 (8.83%), 2023 (6.16%), and 2024 (5.13%).

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Buying power of $20.00 since 2002

Below are calculations of equivalent buying power for Laundry and dry cleaning services, over time, for $20 beginning in 2002. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
2002$20.003.07%
2003$20.452.27%
2004$21.022.78%
2005$21.512.30%
2006$22.163.03%
2007$22.863.17%
2008$23.874.40%
2009$24.562.91%
2010$25.112.25%
2011$25.481.48%
2012$25.941.80%
2013$26.401.75%
2014$26.891.86%
2015$27.512.32%
2016$28.343.03%
2017$29.092.65%
2018$29.932.88%
2019$31.053.74%
2020$31.832.49%
2021$33.264.50%
2022$36.198.83%
2023$38.426.16%
2024$40.395.13%*

* Not final. See inflation summary for latest details.
** Extended periods of 0% inflation usually indicate incomplete underlying data. This can manifest as a sharp increase in inflation later on.


Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Laundry and dry cleaning services:

Year1997199819992000200120022003200420052006200720082009201020112012201320142015201620172018201920202021202220232024
CPI100.000101.438103.923106.031109.862113.231115.800119.023121.762125.454129.436135.133139.061142.184144.281146.874149.442152.218155.747160.462164.719169.455175.798180.180188.295204.914217.527228.681

Adjust laundry and dry cleaning services prices for inflation

Start with the inflation rate formula:

CPI in 2024 / CPI in 2002 * 2002 USD value = 2024 USD value

Then plug in historical CPI values from above. The CPI for Laundry and dry cleaning services was 113.231 in the year 2002 and 228.681 in 2024:

228.681 / 113.231 * $20 = $40.39

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 2002 has the same "purchasing power" as $40.39 in 2024 (in the CPI category of Laundry and dry cleaning services).


Source: U.S. Bureau of Labor Statistics began tracking the Consumer Price Index for Laundry and dry cleaning services in 1997. In addition to laundry and dry cleaning services, the index produces monthly data on changes in prices paid by urban consumers for a variety of goods and services.

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