Apparel less footwear priced at $20 in 2016 $19.89 in 2022

Apparel Less Footwear Inflation Calculator

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Prices for Apparel Less Footwear, 2016-2022 ($20)

According to the U.S. Bureau of Labor Statistics, prices for apparel less footwear are 0.53% lower in 2022 versus 2016 (a $0.11 difference in value).

Between 2016 and 2022: Apparel less footwear experienced an average inflation rate of -0.09% per year. In other words, apparel less footwear costing $20 in the year 2016 would cost $19.89 in 2022 for an equivalent purchase. Compared to the overall inflation rate of 3.11% during this same period, inflation for apparel less footwear was significantly lower.

In the year 2016: Pricing changed by 0.05%, which is above the average yearly change for apparel less footwear during the 2016-2022 time period. Compared to inflation for all items in 2016 (1.26%), 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 2016

Below are calculations of equivalent buying power for Apparel less footwear, over time, for $20 beginning in 2016. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
2016$20.000.05%
2017$19.94-0.31%
2018$19.970.17%
2019$19.62-1.76%
2020$18.55-5.45%
2021$18.942.09%
2022$19.895.06%*
* Not final. See inflation summary for latest details.

Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Apparel less footwear:

Year1947194819491950195119521953195419551956195719581959196019611962196319641965196619671968196919701971197219731974197519761977197819791980198119821983198419851986198719881989199019911992199319941995199619971998199920002001200220032004200520062007200820092010201120122013201420152016201720182019202020212022
CPI47.65450.49248.15447.20050.99250.58550.08549.66949.26949.76950.20050.11550.18550.69251.00851.09251.58552.00052.40053.35455.44658.60062.06964.47766.45467.78570.14675.22377.95480.34683.49285.51587.86293.03896.44698.131100.254101.585104.338104.692109.600114.400117.115122.808127.431130.215131.908131.177129.269128.477129.423129.338127.785126.192123.608120.115116.762116.315114.423114.131113.848113.358114.172113.272116.234120.403121.068121.059118.807118.866118.496118.693116.601110.241112.542118.233

Adjust apparel less footwear prices for inflation

Start with the inflation rate formula:

CPI in 2022 / CPI in 2016 * 2016 USD value = 2022 USD value

Then plug in historical CPI values from above. The CPI for Apparel less footwear was 118.866 in the year 2016 and 118.233 in 2022:

118.233 / 118.866 * $20 = $19.89

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 2016 has the same "purchasing power" as $19.89 in 2022 (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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