According to the U.S. Bureau of Labor Statistics, prices for laundry equipment were 14.21% lower in 2020 versus 2014 (a $71.06 difference in value).
Between 2014 and 2020: Laundry equipment experienced an average inflation rate of -2.52% per year. This rate of change indicates significant deflation. In other words, laundry equipment costing $500 in the year 2014 would cost $428.94 in 2020 for an equivalent purchase. Compared to the overall inflation rate of 1.41% during this same period, inflation for laundry equipment was significantly lower.
In the year 2014: Pricing changed by -7.38%, which is significantly below the average yearly change for laundry equipment during the 2014-2020 time period. Compared to inflation for all items in 2014 (1.62%), inflation for laundry equipment was much lower.
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 2014. Each of the amounts below is equivalent in terms of what it could buy at the time:
|Year||USD Value||Inflation Rate|