According to the U.S. Bureau of Labor Statistics, prices for laundry and dry cleaning services were 11.97% higher in 2020 versus 2016 (a $2.39 difference in value).
Between 2016 and 2020: Laundry and dry cleaning services experienced an average inflation rate of 2.87% 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 $22.39 in 2020 for an equivalent purchase. Compared to the overall inflation rate of 1.78% during this same period, inflation for laundry and dry cleaning services was higher.
In the year 2016: Pricing changed by 3.03%, which is above the average yearly change for laundry and dry cleaning services during the 2016-2020 time period. Compared to inflation for all items in 2016 (1.26%), 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 2016. Each of the amounts below is equivalent in terms of what it could buy at the time:
|Year||USD Value||Inflation Rate|