According to the U.S. Bureau of Labor Statistics, prices for laundry and dry cleaning services are 42.51% higher in 2024 versus 2016 (a $8.50 difference in value).
Between 2016 and 2024: Laundry and dry cleaning services experienced an average inflation rate of 4.53% per year. This rate of change indicates significant inflation. In other words, laundry and dry cleaning services costing $20 in the year 2016 would cost $28.50 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 3.40% during this same period, inflation for laundry and dry cleaning services was higher.
In the year 2016: Pricing changed by 3.03%, which is below the average yearly change for laundry and dry cleaning services during the 2016-2024 time period. Compared to inflation for all items in 2016 (1.26%), inflation for laundry and dry cleaning services was higher.
Below are calculations of equivalent buying power for Laundry and dry cleaning services, over time, for $20 beginning in 2016. Each of the amounts below is equivalent in terms of what it could buy at the time:
| Year | USD Value | Inflation Rate |
|---|---|---|
| 2016 | $20.00 | 3.03% |
| 2017 | $20.53 | 2.65% |
| 2018 | $21.12 | 2.88% |
| 2019 | $21.91 | 3.74% |
| 2020 | $22.46 | 2.49% |
| 2021 | $23.47 | 4.50% |
| 2022 | $25.54 | 8.83% |
| 2023 | $27.11 | 6.16% |
| 2024 | $28.50 | 5.13%* |
* 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:
| Year | 1997 | 1998 | 1999 | 2000 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
| CPI | 100.000 | 101.438 | 103.923 | 106.031 | 109.862 | 113.231 | 115.800 | 119.023 | 121.762 | 125.454 | 129.436 | 135.133 | 139.061 | 142.184 | 144.281 | 146.874 | 149.442 | 152.218 | 155.747 | 160.462 | 164.719 | 169.455 | 175.798 | 180.180 | 188.295 | 204.914 | 217.527 | 228.681 |