Laundry equipment priced at $500 in 1988 $558.16 in 2023

Laundry Equipment Inflation Calculator

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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:

YearUSD ValueInflation Rate
1988$500.000.91%
1989$504.140.83%
1990$510.181.20%
1991$505.16-0.98%
1992$503.59-0.31%
1993$507.650.81%
1994$518.602.16%
1995$521.520.56%
1996$532.362.08%
1997$538.031.07%
1998$535.25-0.52%
1999$526.03-1.72%
2000$532.321.20%
2001$531.01-0.25%
2002$526.61-0.83%
2003$527.230.12%
2004$511.64-2.96%
2005$526.432.89%
2006$532.291.11%
2007$551.293.57%
2008$558.361.28%
2009$552.75-1.00%
2010$524.50-5.11%
2011$515.45-1.73%
2012$559.468.54%
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$456.026.77%
2019$447.57-1.85%
2020$457.662.25%
2021$545.9319.29%
2022$568.674.16%
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:

Year19771978197919801981198219831984198519861987198819891990199119921993199419951996199719981999200020012002200320042005200620072008200920102011201220132014201520162017201820192020202120222023
CPI70.40072.81577.62383.75489.76296.269100.600103.123103.992104.862104.123105.069105.938107.208106.154105.823106.677108.977109.592111.869113.062112.477110.538111.862111.585110.662110.792107.515110.623111.854115.848117.332116.154110.218108.316117.565113.869105.50999.80993.27789.75395.82894.05296.171114.721119.499117.291

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.

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