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.
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%* |
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 |