According to the U.S. Bureau of Labor Statistics, prices for laundry equipment are 21.98% higher in 2021 versus 2019 (a $109.88 difference in value).
Between 2019 and 2021: Laundry equipment experienced an average inflation rate of 10.44% per year. This rate of change indicates significant inflation. In other words, laundry equipment costing $500 in the year 2019 would cost $609.88 in 2021 for an equivalent purchase. Compared to the overall inflation rate of 2.95% during this same period, inflation for laundry equipment was significantly higher.
In the year 2019: Pricing changed by -1.85%, which is significantly below the average yearly change for laundry equipment during the 2019-2021 time period. Compared to inflation for all items in 2019 (1.81%), inflation for laundry equipment was much lower.
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|
Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Laundry equipment: