According to the U.S. Bureau of Labor Statistics, prices for laundry equipment were 15.03% higher in 2021 versus 2015 (a $75.14 difference in value).
Between 2015 and 2021: Laundry equipment experienced an average inflation rate of 2.36% per year. This rate of change indicates significant inflation. In other words, laundry equipment costing $500 in the year 2015 would cost $575.14 in 2021 for an equivalent purchase. Compared to the overall inflation rate of 2.11% during this same period, inflation for laundry equipment was higher.
In the year 2015: Pricing changed by -5.40%, which is significantly below the average yearly change for laundry equipment during the 2015-2021 time period. Compared to inflation for all items in 2015 (0.12%), 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 2015. Each of the amounts below is equivalent in terms of what it could buy at the time:
|Year||USD Value||Inflation Rate|