According to the U.S. Bureau of Labor Statistics, prices for apparel are 45.12% higher in 2024 versus 1980 (a $338,388.95 difference in value).
Between 1980 and 2024: Apparel experienced an average inflation rate of 0.85% per year. In other words, apparel costing $750,000 in the year 1980 would cost $1,088,388.95 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 3.08% during this same period, inflation for apparel was lower.
In the year 1980: Pricing changed by 7.07%, which is significantly above the average yearly change for apparel during the 1980-2024 time period. Compared to inflation for all items in 1980 (13.55%), inflation for apparel was much lower.
Below are calculations of equivalent buying power for Apparel, over time, for $750,000 beginning in 1980. Each of the amounts below is equivalent in terms of what it could buy at the time:
Year | USD Value | Inflation Rate |
---|---|---|
1980 | $750,000.00 | 7.07% |
1981 | $785,780.75 | 4.77% |
1982 | $806,399.09 | 2.62% |
1983 | $826,319.57 | 2.47% |
1984 | $841,545.42 | 1.84% |
1985 | $866,160.55 | 2.92% |
1986 | $873,519.71 | 0.85% |
1987 | $911,964.98 | 4.40% |
1988 | $951,552.19 | 4.34% |
1989 | $978,007.11 | 2.78% |
1990 | $1,023,367.45 | 4.64% |
1991 | $1,061,495.52 | 3.73% |
1992 | $1,087,633.23 | 2.46% |
1993 | $1,102,351.55 | 1.35% |
1994 | $1,100,194.55 | -0.20% |
1995 | $1,088,331.08 | -1.08% |
1996 | $1,086,174.08 | -0.20% |
1997 | $1,095,690.24 | 0.88% |
1998 | $1,097,085.94 | 0.13% |
1999 | $1,082,811.71 | -1.30% |
2000 | $1,068,664.35 | -1.31% |
2001 | $1,049,632.04 | -1.78% |
2002 | $1,022,859.92 | -2.55% |
2003 | $996,912.54 | -2.54% |
2004 | $993,232.96 | -0.37% |
2005 | $985,873.79 | -0.74% |
2006 | $985,175.94 | -0.07% |
2007 | $981,418.33 | -0.38% |
2008 | $980,665.29 | -0.08% |
2009 | $990,324.82 | 0.98% |
2010 | $985,581.97 | -0.48% |
2011 | $1,007,087.84 | 2.18% |
2012 | $1,041,346.64 | 3.40% |
2013 | $1,050,803.80 | 0.91% |
2014 | $1,051,652.64 | 0.08% |
2015 | $1,038,360.47 | -1.26% |
2016 | $1,039,537.94 | 0.11% |
2017 | $1,035,964.30 | -0.34% |
2018 | $1,036,313.86 | 0.03% |
2019 | $1,023,095.92 | -1.28% |
2020 | $973,834.59 | -4.81% |
2021 | $997,867.32 | 2.47% |
2022 | $1,048,077.74 | 5.03% |
2023 | $1,076,926.28 | 2.75% |
2024 | $1,088,388.95 | 1.06%* |
* 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 | 131.969 |