According to the U.S. Bureau of Labor Statistics, prices for laundry and dry cleaning services are 22.03% higher in 2022 versus 2017 (a $4.41 difference in value).
Between 2017 and 2022: Laundry and dry cleaning services experienced an average inflation rate of 4.06% per year. This rate of change indicates significant inflation. In other words, laundry and dry cleaning services costing $20 in the year 2017 would cost $24.41 in 2022 for an equivalent purchase. Compared to the overall inflation rate of 3.09% during this same period, inflation for laundry and dry cleaning services was higher.
In the year 2017: Pricing changed by 2.65%, which is below the average yearly change for laundry and dry cleaning services during the 2017-2022 time period. Compared to inflation for all items in 2017 (2.13%), 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 2017. Each of the amounts below is equivalent in terms of what it could buy at the time:
|Year||USD Value||Inflation Rate|
Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Laundry and dry cleaning services: