Laundry equipment priced at $500 in 1998 $531.22 in 2022

Laundry Equipment Inflation Calculator

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Prices for Laundry Equipment, 1998-2022 ($500)

According to the U.S. Bureau of Labor Statistics, prices for laundry equipment are 6.24% higher in 2022 versus 1998 (a $31.22 difference in value).

Between 1998 and 2022: Laundry equipment experienced an average inflation rate of 0.25% per year. In other words, laundry equipment costing $500 in the year 1998 would cost $531.22 in 2022 for an equivalent purchase. Compared to the overall inflation rate of 2.47% during this same period, inflation for laundry equipment was lower.

In the year 1998: Pricing changed by -0.52%, which is below the average yearly change for laundry equipment during the 1998-2022 time period. Compared to inflation for all items in 1998 (1.55%), inflation for laundry equipment was 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 1998

Below are calculations of equivalent buying power for Laundry equipment, over time, for $500 beginning in 1998. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1998$500.00-0.52%
1999$491.38-1.72%
2000$497.261.20%
2001$496.03-0.25%
2002$491.93-0.83%
2003$492.510.12%
2004$477.94-2.96%
2005$491.762.89%
2006$497.231.11%
2007$514.993.57%
2008$521.581.28%
2009$516.34-1.00%
2010$489.96-5.11%
2011$481.50-1.73%
2012$522.628.54%
2013$506.19-3.14%
2014$469.02-7.34%
2015$443.69-5.40%
2016$414.65-6.54%
2017$398.98-3.78%
2018$425.996.77%
2019$418.09-1.85%
2020$427.512.25%
2021$509.9819.29%
2022$531.224.16%*

* 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:

Year1977197819791980198119821983198419851986198719881989199019911992199319941995199619971998199920002001200220032004200520062007200820092010201120122013201420152016201720182019202020212022
CPI70.40072.81577.62383.75489.76296.269100.600103.123103.992104.862104.123105.069105.938107.208106.154105.823106.677108.977109.592111.869113.062112.477110.538111.862111.585110.662110.792107.515110.623111.854115.848117.332116.154110.218108.316117.565113.869105.50999.80993.27789.75395.82894.05296.171114.721119.499

Adjust laundry equipment prices for inflation

Start with the inflation rate formula:

CPI in 2022 / CPI in 1998 * 1998 USD value = 2022 USD value

Then plug in historical CPI values from above. The CPI for Laundry equipment was 112.477 in the year 1998 and 119.499 in 2022:

119.499 / 112.477 * $500 = $531.22

Therefore, according to U.S. Bureau of Labor Statistics, $500 in 1998 has the same "purchasing power" as $531.22 in 2022 (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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