According to the U.S. Bureau of Labor Statistics, prices for laundry equipment were 3.46% lower in 2020 versus 2019 (a $17.31 difference in value).
Between 2019 and 2020: Laundry equipment experienced an average inflation rate of -3.46% per year. This rate of change indicates significant deflation. In other words, laundry equipment costing $500 in the year 2019 would cost $482.69 in 2020 for an equivalent purchase. Compared to the overall inflation rate of 0.72% during this same period, inflation for laundry equipment was significantly lower.
In the year 2019: Pricing changed by -1.83%, which is above the average yearly change for laundry equipment during the 2019-2020 time period. Compared to inflation for all items in 2019 (1.81%), 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 2019. Each of the amounts below is equivalent in terms of what it could buy at the time:
|Year||USD Value||Inflation Rate|