According to the U.S. Bureau of Labor Statistics, prices for laundry equipment were 15.54% higher in 2021 versus 2020 (a $77.68 difference in value).
Between 2020 and 2021: Laundry equipment experienced an average inflation rate of 15.54% per year. This rate of change indicates significant inflation. In other words, laundry equipment costing $500 in the year 2020 would cost $577.68 in 2021 for an equivalent purchase. Compared to the overall inflation rate of 1.68% during this same period, inflation for laundry equipment was significantly higher.
In the year 2020: Pricing changed by 2.25%, which is significantly below the average yearly change for laundry equipment during the 2020-2021 time period. Compared to inflation for all items in 2020 (1.23%), inflation for laundry equipment was 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 2020. Each of the amounts below is equivalent in terms of what it could buy at the time:
|Year||USD Value||Inflation Rate|