According to the U.S. Bureau of Labor Statistics, prices for apparel less footwear were 5.80% lower in 2020 versus 2018 (a $1.16 difference in value).
Between 2018 and 2020: Apparel less footwear experienced an average inflation rate of -2.94% per year. This rate of change indicates significant deflation. In other words, apparel less footwear costing $20 in the year 2018 would cost $18.84 in 2020 for an equivalent purchase. Compared to the overall inflation rate of 1.37% during this same period, inflation for apparel less footwear was significantly lower.
Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Apparel less footwear:
Below are calculations of equivalent buying power for Apparel less footwear, over time, for $20 beginning in 2018. Each of the amounts below is equivalent in terms of what it could buy at the time:
|Year||USD Value||Inflation Rate|