According to the U.S. Bureau of Labor Statistics, prices for laundry equipment were 19.57% higher in 2021 versus 2018 (a $97.86 difference in value).
Between 2018 and 2021: Laundry equipment experienced an average inflation rate of 6.14% per year. This rate of change indicates significant inflation. In other words, laundry equipment costing $500 in the year 2018 would cost $597.86 in 2021 for an equivalent purchase. Compared to the overall inflation rate of 2.19% during this same period, inflation for laundry equipment was significantly higher.
In the year 2018: Pricing changed by 6.77%, which is above the average yearly change for laundry equipment during the 2018-2021 time period. Compared to inflation for all items in 2018 (2.44%), 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 2018. Each of the amounts below is equivalent in terms of what it could buy at the time:
|Year||USD Value||Inflation Rate|