According to the U.S. Bureau of Labor Statistics, prices for laundry equipment were 5.23% lower in 2020 versus 2018 (a $26.15 difference in value).
Between 2018 and 2020: Laundry equipment experienced an average inflation rate of -2.65% per year. This rate of change indicates significant deflation. In other words, laundry equipment costing $500 in the year 2018 would cost $473.85 in 2020 for an equivalent purchase. Compared to the overall inflation rate of 1.27% during this same period, inflation for laundry equipment was significantly lower.
In the year 2018: Pricing changed by 6.76%, which is significantly above the average yearly change for laundry equipment during the 2018-2020 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|