According to the U.S. Bureau of Labor Statistics, prices for apparel are 199.89% higher in 2024 versus 1956 (a $849,532,427,759.22 difference in value).
Between 1956 and 2024: Apparel experienced an average inflation rate of 1.63% per year. In other words, apparel costing $425,000,000,000 in the year 1956 would cost $1,274,532,427,759.22 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 3.65% during this same period, inflation for apparel was lower.
In the year 1956: Pricing changed by 2.01%, which is above the average yearly change for apparel during the 1956-2024 time period. Compared to inflation for all items in 1956 (1.52%), inflation for apparel was higher.
Below are calculations of equivalent buying power for Apparel, over time, for $425,000,000,000 beginning in 1956. Each of the amounts below is equivalent in terms of what it could buy at the time:
Year | USD Value | Inflation Rate |
---|---|---|
1956 | $425,000,000,000.00 | 2.01% |
1957 | $432,323,720,766.66 | 1.72% |
1958 | $433,967,821,346.93 | 0.38% |
1959 | $437,405,486,196.59 | 0.79% |
1960 | $443,981,888,517.67 | 1.50% |
1961 | $447,494,285,211.89 | 0.79% |
1962 | $449,960,436,082.29 | 0.55% |
1963 | $455,490,592,579.57 | 1.23% |
1964 | $459,376,648,496.57 | 0.85% |
1965 | $463,785,827,325.48 | 0.96% |
1966 | $476,191,313,522.07 | 2.67% |
1967 | $495,621,593,107.09 | 4.08% |
1968 | $522,076,666,080.53 | 5.34% |
1969 | $552,118,867,592.76 | 5.75% |
1970 | $574,912,080,182.87 | 4.13% |
1971 | $593,520,309,477.76 | 3.24% |
1972 | $605,776,331,985.23 | 2.06% |
1973 | $627,971,689,818.89 | 3.66% |
1974 | $674,529,628,978.37 | 7.41% |
1975 | $704,571,830,490.59 | 4.45% |
1976 | $730,952,171,619.48 | 3.74% |
1977 | $763,684,719,535.78 | 4.48% |
1978 | $790,513,451,732.02 | 3.51% |
1979 | $825,114,295,762.26 | 4.38% |
1980 | $883,479,866,361.88 | 7.07% |
1981 | $925,628,626,692.46 | 4.77% |
1982 | $949,916,476,173.73 | 2.62% |
1983 | $973,382,275,364.87 | 2.47% |
1984 | $991,317,918,058.73 | 1.84% |
1985 | $1,020,313,873,747.14 | 2.92% |
1986 | $1,028,982,767,715.84 | 0.85% |
1987 | $1,074,270,265,517.85 | 4.40% |
1988 | $1,120,902,936,521.89 | 4.34% |
1989 | $1,152,066,115,702.48 | 2.78% |
1990 | $1,205,499,384,561.28 | 4.64% |
1991 | $1,250,413,223,140.50 | 3.73% |
1992 | $1,281,202,743,098.29 | 2.46% |
1993 | $1,298,540,531,035.70 | 1.35% |
1994 | $1,295,999,648,320.73 | -0.20% |
1995 | $1,282,024,793,388.43 | -1.08% |
1996 | $1,279,483,910,673.47 | -0.20% |
1997 | $1,290,693,687,357.13 | 0.88% |
1998 | $1,292,337,787,937.40 | 0.13% |
1999 | $1,275,523,122,911.90 | -1.30% |
2000 | $1,258,857,921,575.52 | -1.31% |
2001 | $1,236,438,368,208.19 | -1.78% |
2002 | $1,204,901,529,804.82 | -2.55% |
2003 | $1,174,336,205,380.69 | -2.54% |
2004 | $1,170,001,758,396.34 | -0.37% |
2005 | $1,161,332,864,427.64 | -0.74% |
2006 | $1,160,510,814,137.51 | -0.07% |
2007 | $1,156,084,446,984.35 | -0.38% |
2008 | $1,155,197,379,989.45 | -0.08% |
2009 | $1,166,576,050,641.81 | 0.98% |
2010 | $1,160,989,097,942.68 | -0.48% |
2011 | $1,186,322,445,929.31 | 2.18% |
2012 | $1,226,678,389,308.95 | 3.40% |
2013 | $1,237,818,665,377.18 | 0.91% |
2014 | $1,238,818,577,457.36 | 0.08% |
2015 | $1,223,160,761,385.62 | -1.26% |
2016 | $1,224,547,784,420.61 | 0.11% |
2017 | $1,220,338,139,616.67 | -0.34% |
2018 | $1,220,749,912,080.18 | 0.03% |
2019 | $1,205,179,532,266.57 | -1.28% |
2020 | $1,147,151,002,285.92 | -4.81% |
2021 | $1,175,460,919,641.29 | 2.47% |
2022 | $1,234,607,438,016.53 | 5.03% |
2023 | $1,268,590,249,692.28 | 2.75% |
2024 | $1,274,532,427,759.22 | 0.47%* |
* 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 Apparel:
Year | 1913 | 1914 | 1915 | 1916 | 1917 | 1918 | 1919 | 1920 | 1921 | 1922 | 1923 | 1924 | 1925 | 1926 | 1927 | 1928 | 1929 | 1930 | 1931 | 1932 | 1933 | 1934 | 1935 | 1936 | 1937 | 1938 | 1939 | 1940 | 1941 | 1942 | 1943 | 1944 | 1945 | 1946 | 1947 | 1948 | 1949 | 1950 | 1951 | 1952 | 1953 | 1954 | 1955 | 1956 | 1957 | 1958 | 1959 | 1960 | 1961 | 1962 | 1963 | 1964 | 1965 | 1966 | 1967 | 1968 | 1969 | 1970 | 1971 | 1972 | 1973 | 1974 | 1975 | 1976 | 1977 | 1978 | 1979 | 1980 | 1981 | 1982 | 1983 | 1984 | 1985 | 1986 | 1987 | 1988 | 1989 | 1990 | 1991 | 1992 | 1993 | 1994 | 1995 | 1996 | 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 | 14.900 | 15.000 | 15.450 | 17.350 | 21.200 | 29.550 | 37.733 | 42.800 | 31.625 | 26.860 | 27.100 | 26.760 | 26.300 | 25.833 | 25.267 | 24.967 | 24.667 | 24.067 | 21.600 | 19.200 | 19.067 | 20.667 | 20.800 | 21.033 | 22.140 | 21.860 | 21.620 | 21.814 | 22.815 | 26.700 | 27.854 | 29.808 | 31.346 | 34.392 | 39.862 | 42.508 | 40.831 | 40.285 | 43.923 | 43.454 | 43.169 | 43.023 | 42.885 | 43.746 | 44.500 | 44.669 | 45.023 | 45.700 | 46.062 | 46.315 | 46.885 | 47.285 | 47.738 | 49.015 | 51.015 | 53.738 | 56.831 | 59.177 | 61.092 | 62.354 | 64.638 | 69.431 | 72.523 | 75.238 | 78.608 | 81.369 | 84.931 | 90.938 | 95.277 | 97.777 | 100.192 | 102.038 | 105.023 | 105.915 | 110.577 | 115.377 | 118.585 | 124.085 | 128.708 | 131.877 | 133.662 | 133.400 | 131.962 | 131.700 | 132.854 | 133.023 | 131.292 | 129.577 | 127.269 | 124.023 | 120.877 | 120.431 | 119.538 | 119.454 | 118.998 | 118.907 | 120.078 | 119.503 | 122.111 | 126.265 | 127.411 | 127.514 | 125.903 | 126.045 | 125.612 | 125.654 | 124.052 | 118.079 | 120.993 | 127.081 | 130.579 | 131.190 |