Laundry equipment priced at $500 in 2014 $558.72 in 2023

Laundry Equipment Inflation Calculator


Prices for Laundry Equipment, 2014-2023 ($500)

According to the U.S. Bureau of Labor Statistics, prices for laundry equipment are 11.74% higher in 2023 versus 2014 (a $58.72 difference in value).

Between 2014 and 2023: Laundry equipment experienced an average inflation rate of 1.24% per year. In other words, laundry equipment costing $500 in the year 2014 would cost $558.72 in 2023 for an equivalent purchase. Compared to the overall inflation rate of 2.72% during this same period, inflation for laundry equipment was lower.

In the year 2014: Pricing changed by -7.34%, which is significantly below the average yearly change for laundry equipment during the 2014-2023 time period. Compared to inflation for all items in 2014 (1.62%), 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 2014

Below are calculations of equivalent buying power for Laundry equipment, over time, for $500 beginning in 2014. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate

* 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:


Adjust laundry equipment prices for inflation

Start with the inflation rate formula:

CPI in 2023 / CPI in 2014 * 2014 USD value = 2023 USD value

Then plug in historical CPI values from above. The CPI for Laundry equipment was 105.509 in the year 2014 and 117.900 in 2023:

117.900 / 105.509 * $500 = $558.72

Therefore, according to U.S. Bureau of Labor Statistics, $500 in 2014 has the same "purchasing power" as $558.72 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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