According to the U.S. Bureau of Labor Statistics, prices for laundry and dry cleaning services were 22.50% higher in 2020 versus 2012 (a $4.50 difference in value).
Between 2012 and 2020: Laundry and dry cleaning services experienced an average inflation rate of 2.57% per year. This rate of change indicates significant inflation. In other words, laundry and dry cleaning services costing $20 in the year 2012 would cost $24.50 in 2020 for an equivalent purchase. Compared to the overall inflation rate of 1.49% during this same period, inflation for laundry and dry cleaning services was higher.
In the year 2012: Pricing changed by 1.80%, which is below the average yearly change for laundry and dry cleaning services during the 2012-2020 time period. Compared to inflation for all items in 2012 (2.07%), inflation for laundry and dry cleaning services was lower.
Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Laundry and dry cleaning services:
Below are calculations of equivalent buying power for Laundry and dry cleaning services, over time, for $20 beginning in 2012. Each of the amounts below is equivalent in terms of what it could buy at the time:
|Year||USD Value||Inflation Rate|