Laundry equipment price inflation, 1988→2023

Laundry Equipment Inflation Calculator

Prices for Laundry Equipment, 1988-2023 ($500)

According to the U.S. Bureau of Labor Statistics, prices for laundry equipment are 11.63% higher in 2023 versus 1988 (a $58.16 difference in value).

Between 1988 and 2023: Laundry equipment experienced an average inflation rate of 0.31% per year. In other words, laundry equipment costing $500 in the year 1988 would cost $558.16 in 2023 for an equivalent purchase. Compared to the overall inflation rate of 2.70% during this same period, inflation for laundry equipment was lower.

In the year 1988: Pricing changed by 0.91%, which is above the average yearly change for laundry equipment during the 1988-2023 time period. Compared to inflation for all items in 1988 (4.08%), inflation for laundry equipment was much lower.

Price Inflation for Laundry equipment since 1977

Consumer Price Index, U.S. Bureau of Labor Statistics

Years with the largest changes in pricing: 2021 (19.29%), 2012 (8.54%), and 1980 (7.90%).

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Buying power of $500.00 since 1988

Below are calculations of equivalent buying power for Laundry equipment, over time, for $500 beginning in 1988. Each of the amounts below is equivalent in terms of what it could buy at the time:

Year	USD Value	Inflation Rate
1988	$500.00	0.91%
1989	$504.14	0.83%
1990	$510.18	1.20%
1991	$505.16	-0.98%
1992	$503.59	-0.31%
1993	$507.65	0.81%
1994	$518.60	2.16%
1995	$521.52	0.56%
1996	$532.36	2.08%
1997	$538.03	1.07%
1998	$535.25	-0.52%
1999	$526.03	-1.72%
2000	$532.32	1.20%
2001	$531.01	-0.25%
2002	$526.61	-0.83%
2003	$527.23	0.12%
2004	$511.64	-2.96%
2005	$526.43	2.89%
2006	$532.29	1.11%
2007	$551.29	3.57%
2008	$558.36	1.28%
2009	$552.75	-1.00%
2010	$524.50	-5.11%
2011	$515.45	-1.73%
2012	$559.46	8.54%
2013	$541.87	-3.14%
2014	$502.09	-7.34%
2015	$474.97	-5.40%
2016	$443.88	-6.54%
2017	$427.11	-3.78%
2018	$456.02	6.77%
2019	$447.57	-1.85%
2020	$457.66	2.25%
2021	$545.93	19.29%
2022	$568.67	4.16%
2023	$558.16	-1.85%*

* 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 equipment:

Year	1977	1978	1979	1980	1981	1982	1983	1984	1985	1986	1987	1988	1989	1990	1991	1992	1993	1994	1995	1996	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
CPI	70.400	72.815	77.623	83.754	89.762	96.269	100.600	103.123	103.992	104.862	104.123	105.069	105.938	107.208	106.154	105.823	106.677	108.977	109.592	111.869	113.062	112.477	110.538	111.862	111.585	110.662	110.792	107.515	110.623	111.854	115.848	117.332	116.154	110.218	108.316	117.565	113.869	105.509	99.809	93.277	89.753	95.828	94.052	96.171	114.721	119.499	117.291

Adjust laundry equipment prices for inflation

Start with the inflation rate formula:

CPI in 2023 / CPI in 1988 * 1988 USD value = 2023 USD value

Then plug in historical CPI values from above. The CPI for Laundry equipment was 105.069 in the year 1988 and 117.291 in 2023:

117.291 / 105.069 * $500 = $558.16

Therefore, according to U.S. Bureau of Labor Statistics, $500 in 1988 has the same "purchasing power" as $558.16 in 2023 (in the CPI category of Laundry equipment).

Source: U.S. Bureau of Labor Statistics began tracking the Consumer Price Index for Laundry equipment in 1977. In addition to laundry equipment, the index produces monthly data on changes in prices paid by urban consumers for a variety of goods and services.