Laundry equipment priced at $500 in 2020 $621.28 in 2022

Laundry Equipment Inflation Calculator


Prices for Laundry Equipment, 2020-2022 ($500)

According to the U.S. Bureau of Labor Statistics, prices for laundry equipment are 24.26% higher in 2022 versus 2020 (a $121.28 difference in value).

Between 2020 and 2022: Laundry equipment experienced an average inflation rate of 11.47% per year. This rate of change indicates significant inflation. In other words, laundry equipment costing $500 in the year 2020 would cost $621.28 in 2022 for an equivalent purchase. Compared to the overall inflation rate of 6.34% 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 2020-2022 time period. Compared to inflation for all items in 2020 (1.23%), inflation for laundry equipment was higher.

Price Inflation for Laundry equipment since 1977

Consumer Price Index, U.S. Bureau of Labor Statistics
Years with the largest changes in pricing: 2021 (19.29%), 2012 (8.54%), and 1980 (7.90%).

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Buying power of $500.00 since 2020

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:

YearUSD ValueInflation Rate

* Not final. See inflation summary for latest details.
** Extended periods of 0% inflation usually indicate incomplete underlying data. This can manifest as a sharp increase in inflation later on.

Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Laundry equipment:


Adjust laundry equipment prices for inflation

Start with the inflation rate formula:

CPI in 2022 / CPI in 2020 * 2020 USD value = 2022 USD value

Then plug in historical CPI values from above. The CPI for Laundry equipment was 96.171 in the year 2020 and 119.499 in 2022:

119.499 / 96.171 * $500 = $621.28

Therefore, according to U.S. Bureau of Labor Statistics, $500 in 2020 has the same "purchasing power" as $621.28 in 2022 (in the CPI category of Laundry equipment).

Source: U.S. Bureau of Labor Statistics began tracking the Consumer Price Index for Laundry equipment in 1977. In addition to laundry equipment, the index produces monthly data on changes in prices paid by urban consumers for a variety of goods and services.

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