Apparel services other than laundry and dry cleaning price inflation, 1997→2022

Apparel Services Other Than Laundry And Dry Cleaning Inflation Calculator

Prices for Apparel Services Other Than Laundry And Dry Cleaning, 1997-2022 ($20)

According to the U.S. Bureau of Labor Statistics, prices for apparel services other than laundry and dry cleaning are 126.41% higher in 2022 versus 1997 (a $25.28 difference in value).

Between 1997 and 2022: Apparel services other than laundry and dry cleaning experienced an average inflation rate of 3.32% per year. This rate of change indicates significant inflation. In other words, apparel services other than laundry and dry cleaning costing $20 in the year 1997 would cost $45.28 in 2022 for an equivalent purchase. Compared to the overall inflation rate of 2.35% during this same period, inflation for apparel services other than laundry and dry cleaning was higher.

Price Inflation for Apparel services other than laundry and dry cleaning since 1997

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

Years with the largest changes in pricing: 2022 (6.80%), 2008 (6.49%), and 2020 (4.92%).

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Buying power of $20.00 since 1997

Below are calculations of equivalent buying power for Apparel services other than laundry and dry cleaning, 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	$20.20	1.00%
1999	$20.64	2.17%
2000	$21.28	3.13%
2001	$22.28	4.68%
2002	$22.80	2.32%
2003	$23.33	2.32%
2004	$24.13	3.45%
2005	$25.26	4.65%
2006	$26.35	4.34%
2007	$27.38	3.90%
2008	$29.16	6.49%
2009	$30.49	4.57%
2010	$31.57	3.53%
2011	$32.75	3.75%
2012	$33.75	3.04%
2013	$34.87	3.33%
2014	$35.60	2.10%
2015	$36.32	2.02%
2016	$36.94	1.71%
2017	$37.38	1.19%
2018	$37.82	1.18%
2019	$39.56	4.60%
2020	$41.51	4.92%
2021	$42.40	2.15%
2022	$45.28	6.80%*

* Not final. See inflation summary for latest details.

Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Apparel services other than laundry and dry cleaning:

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
CPI	100.000	101.000	103.192	106.423	111.408	113.992	116.638	120.662	126.277	131.762	136.904	145.787	152.456	157.841	163.759	168.737	174.356	178.025	181.616	184.725	186.915	189.112	197.817	207.542	211.995	226.411

Adjust apparel services other than laundry and dry cleaning prices for inflation

Start with the inflation rate formula:

CPI in 2022 / CPI in 1997 * 1997 USD value = 2022 USD value

Then plug in historical CPI values from above. The CPI for Apparel services other than laundry and dry cleaning was 100.000 in the year 1997 and 226.411 in 2022:

226.411 / 100.000 * $20 = $45.28

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 1997 has the same "purchasing power" as $45.28 in 2022 (in the CPI category of Apparel services other than laundry and dry cleaning).

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