According to the U.S. Bureau of Labor Statistics, prices for laundry equipment were 22.83% lower in 2020 versus 2012 (a $114.15 difference in value).
Between 2012 and 2020: Laundry equipment experienced an average inflation rate of -3.19% per year. This rate of change indicates significant deflation. In other words, laundry equipment costing $500 in the year 2012 would cost $385.85 in 2020 for an equivalent purchase. Compared to the overall inflation rate of 1.44% during this same period, inflation for laundry equipment was significantly lower.
In the year 2012: Pricing changed by 8.56%, which is significantly above the average yearly change for laundry equipment during the 2012-2020 time period. Compared to inflation for all items in 2012 (2.07%), inflation for laundry equipment was much higher.
Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Laundry equipment:
Below are calculations of equivalent buying power for Laundry equipment, over time, for $500 beginning in 2012. Each of the amounts below is equivalent in terms of what it could buy at the time:
|Year||USD Value||Inflation Rate|