According to the U.S. Bureau of Labor Statistics, prices for laundry and dry cleaning services were 18.03% higher in 2020 versus 2014 (a $3.61 difference in value).
Between 2014 and 2020: Laundry and dry cleaning services experienced an average inflation rate of 2.80% per year. This rate of change indicates significant inflation. In other words, laundry and dry cleaning services costing $20 in the year 2014 would cost $23.61 in 2020 for an equivalent purchase. Compared to the overall inflation rate of 1.43% during this same period, inflation for laundry and dry cleaning services was higher.
In the year 2014: Pricing changed by 1.86%, which is below the average yearly change for laundry and dry cleaning services during the 2014-2020 time period. Compared to inflation for all items in 2014 (1.62%), inflation for laundry and dry cleaning services was higher.
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 2014. Each of the amounts below is equivalent in terms of what it could buy at the time:
|Year||USD Value||Inflation Rate|