According to the U.S. Bureau of Labor Statistics, prices for laundry equipment are 6.91% lower in 2024 versus 1997 (a $34.56 difference in value).
Between 1997 and 2024: Laundry equipment experienced an average inflation rate of -0.26% per year. In other words, laundry equipment costing $500 in the year 1997 would cost $465.44 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 2.51% during this same period, inflation for laundry equipment was lower.
In the year 1997: Pricing changed by 1.07%, which is above the average yearly change for laundry equipment during the 1997-2024 time period. Compared to inflation for all items in 1997 (2.33%), inflation for laundry equipment was lower.
Below are calculations of equivalent buying power for Laundry equipment, over time, for $500 beginning in 1997. Each of the amounts below is equivalent in terms of what it could buy at the time:
Year | USD Value | Inflation Rate |
---|---|---|
1997 | $500.00 | 1.07% |
1998 | $497.41 | -0.52% |
1999 | $488.84 | -1.72% |
2000 | $494.69 | 1.20% |
2001 | $493.47 | -0.25% |
2002 | $489.39 | -0.83% |
2003 | $489.96 | 0.12% |
2004 | $475.47 | -2.96% |
2005 | $489.22 | 2.89% |
2006 | $494.66 | 1.11% |
2007 | $512.32 | 3.57% |
2008 | $518.89 | 1.28% |
2009 | $513.67 | -1.00% |
2010 | $487.42 | -5.11% |
2011 | $479.01 | -1.73% |
2012 | $519.92 | 8.54% |
2013 | $503.57 | -3.14% |
2014 | $466.60 | -7.34% |
2015 | $441.39 | -5.40% |
2016 | $412.51 | -6.54% |
2017 | $396.92 | -3.78% |
2018 | $423.79 | 6.77% |
2019 | $415.93 | -1.85% |
2020 | $425.30 | 2.25% |
2021 | $507.34 | 19.29% |
2022 | $528.47 | 4.16% |
2023 | $491.98 | -6.90% |
2024 | $465.44 | -5.39%* |
* 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 | 2024 |
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 | 111.248 | 105.246 |