Laundry and dry cleaning services price inflation, 1997→2024

Laundry And Dry Cleaning Services Inflation Calculator

Prices for Laundry And Dry Cleaning Services, 1997-2024 ($20)

According to the U.S. Bureau of Labor Statistics, prices for laundry and dry cleaning services are 128.23% higher in 2024 versus 1997 (a $25.65 difference in value).

Between 1997 and 2024: Laundry and dry cleaning services experienced an average inflation rate of 3.10% per year. This rate of change indicates significant inflation. In other words, laundry and dry cleaning services costing $20 in the year 1997 would cost $45.65 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 2.51% during this same period, inflation for laundry and dry cleaning services was higher.

Price Inflation for Laundry and dry cleaning services since 1997

Consumer Price Index, U.S. Bureau of Labor Statistics

Years with the largest changes in pricing: 2022 (8.83%), 2023 (6.16%), and 2024 (4.92%).

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Buying power of $20.00 since 1997

Below are calculations of equivalent buying power for Laundry and dry cleaning services, over time, for $20 beginning in 1997. Each of the amounts below is equivalent in terms of what it could buy at the time:

Year	USD Value	Inflation Rate
1997	$20.00	-
1998	$20.29	1.44%
1999	$20.78	2.45%
2000	$21.21	2.03%
2001	$21.97	3.61%
2002	$22.65	3.07%
2003	$23.16	2.27%
2004	$23.80	2.78%
2005	$24.35	2.30%
2006	$25.09	3.03%
2007	$25.89	3.17%
2008	$27.03	4.40%
2009	$27.81	2.91%
2010	$28.44	2.25%
2011	$28.86	1.48%
2012	$29.37	1.80%
2013	$29.89	1.75%
2014	$30.44	1.86%
2015	$31.15	2.32%
2016	$32.09	3.03%
2017	$32.94	2.65%
2018	$33.89	2.88%
2019	$35.16	3.74%
2020	$36.04	2.49%
2021	$37.66	4.50%
2022	$40.98	8.83%
2023	$43.51	6.16%
2024	$45.65	4.92%*

* 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 and dry cleaning services:

Year	1997	1998	1999	2000	2001	2002	2003	2004	2005	2006	2007	2008	2009	2010	2011	2012	2013	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
CPI	100.000	101.438	103.923	106.031	109.862	113.231	115.800	119.023	121.762	125.454	129.436	135.133	139.061	142.184	144.281	146.874	149.442	152.218	155.747	160.462	164.719	169.455	175.798	180.180	188.295	204.914	217.527	228.231

Adjust laundry and dry cleaning services prices for inflation

Start with the inflation rate formula:

CPI in 2024 / CPI in 1997 * 1997 USD value = 2024 USD value

Then plug in historical CPI values from above. The CPI for Laundry and dry cleaning services was 100.000 in the year 1997 and 228.231 in 2024:

228.231 / 100.000 * $20 = $45.65

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 1997 has the same "purchasing power" as $45.65 in 2024 (in the CPI category of Laundry and dry cleaning services).

Source: U.S. Bureau of Labor Statistics began tracking the Consumer Price Index for Laundry and dry cleaning services in 1997. In addition to laundry and dry cleaning services, the index produces monthly data on changes in prices paid by urban consumers for a variety of goods and services.