According to the U.S. Bureau of Labor Statistics, prices for laundry equipment were 2.64% lower in 2020 versus 2016 (a $13.20 difference in value).
Between 2016 and 2020: Laundry equipment experienced an average inflation rate of -0.67% per year. In other words, laundry equipment costing $500 in the year 2016 would cost $486.80 in 2020 for an equivalent purchase. Compared to the overall inflation rate of 1.78% during this same period, inflation for laundry equipment was lower.
In the year 2016: Pricing changed by -6.56%, which is significantly below the average yearly change for laundry equipment during the 2016-2020 time period. Compared to inflation for all items in 2016 (1.26%), 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 2016. Each of the amounts below is equivalent in terms of what it could buy at the time:
|Year||USD Value||Inflation Rate|