Apparel less footwear priced at $20 in 1962 $48.44 in 2024

Apparel Less Footwear Inflation Calculator

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Prices for Apparel Less Footwear, 1962-2024 ($20)

According to the U.S. Bureau of Labor Statistics, prices for apparel less footwear are 142.19% higher in 2024 versus 1962 (a $28.44 difference in value).

Between 1962 and 2024: Apparel less footwear experienced an average inflation rate of 1.44% per year. In other words, apparel less footwear costing $20 in the year 1962 would cost $48.44 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 3.83% during this same period, inflation for apparel less footwear was lower.

In the year 1962: Pricing changed by 0.17%, which is below the average yearly change for apparel less footwear during the 1962-2024 time period. Compared to inflation for all items in 1962 (1.18%), inflation for apparel less footwear was lower.

Price Inflation for Apparel less footwear since 1947

Consumer Price Index, U.S. Bureau of Labor Statistics
Years with the largest changes in pricing: 1951 (8.03%), 1974 (7.24%), and 1948 (5.96%).

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Buying power of $20.00 since 1962

Below are calculations of equivalent buying power for Apparel less footwear, over time, for $20 beginning in 1962. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1962$20.000.17%
1963$20.190.96%
1964$20.360.81%
1965$20.510.77%
1966$20.891.82%
1967$21.703.92%
1968$22.945.69%
1969$24.305.92%
1970$25.243.88%
1971$26.013.07%
1972$26.532.00%
1973$27.463.48%
1974$29.457.24%
1975$30.513.63%
1976$31.453.07%
1977$32.683.92%
1978$33.472.42%
1979$34.392.74%
1980$36.425.89%
1981$37.753.66%
1982$38.411.75%
1983$39.242.16%
1984$39.771.33%
1985$40.842.71%
1986$40.980.34%
1987$42.904.69%
1988$44.784.38%
1989$45.842.37%
1990$48.074.86%
1991$49.883.76%
1992$50.972.19%
1993$51.641.30%
1994$51.35-0.55%
1995$50.60-1.45%
1996$50.29-0.61%
1997$50.660.74%
1998$50.63-0.07%
1999$50.02-1.20%
2000$49.40-1.25%
2001$48.39-2.05%
2002$47.02-2.83%
2003$45.71-2.79%
2004$45.53-0.38%
2005$44.79-1.63%
2006$44.68-0.26%
2007$44.57-0.25%
2008$44.37-0.43%
2009$44.690.72%
2010$44.34-0.79%
2011$45.502.61%
2012$47.133.59%
2013$47.390.55%
2014$47.39-0.01%
2015$46.51-1.86%
2016$46.530.05%
2017$46.39-0.31%
2018$46.460.17%
2019$45.64-1.76%
2020$43.15-5.45%
2021$44.052.09%
2022$46.345.18%
2023$47.923.42%
2024$48.441.08%*

* 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 less footwear:

Year194719481949195019511952195319541955195619571958195919601961196219631964196519661967196819691970197119721973197419751976197719781979198019811982198319841985198619871988198919901991199219931994199519961997199819992000200120022003200420052006200720082009201020112012201320142015201620172018201920202021202220232024
CPI47.65450.49248.15447.20050.99250.58550.08549.66949.26949.76950.20050.11550.18550.69251.00851.09251.58552.00052.40053.35455.44658.60062.06964.47766.45467.78570.14675.22377.95480.34683.49285.51587.86293.03896.44698.131100.254101.585104.338104.692109.600114.400117.115122.808127.431130.215131.908131.177129.269128.477129.423129.338127.785126.192123.608120.115116.762116.315114.423114.131113.848113.358114.172113.272116.234120.403121.068121.059118.807118.866118.496118.693116.601110.241112.542118.375122.422123.740

Adjust apparel less footwear prices for inflation

Start with the inflation rate formula:

CPI in 2024 / CPI in 1962 * 1962 USD value = 2024 USD value

Then plug in historical CPI values from above. The CPI for Apparel less footwear was 51.092 in the year 1962 and 123.740 in 2024:

123.740 / 51.092 * $20 = $48.44

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 1962 has the same "purchasing power" as $48.44 in 2024 (in the CPI category of Apparel less footwear).


Source: U.S. Bureau of Labor Statistics began tracking the Consumer Price Index for Apparel less footwear in 1947. In addition to apparel less footwear, the index produces monthly data on changes in prices paid by urban consumers for a variety of goods and services.

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