Apparel less footwear priced at $20 in 2021 $21.83 in 2023

Apparel Less Footwear Inflation Calculator


Prices for Apparel Less Footwear, 2021-2023 ($20)

According to the U.S. Bureau of Labor Statistics, prices for apparel less footwear are 9.15% higher in 2023 versus 2021 (a $1.83 difference in value).

Between 2021 and 2023: Apparel less footwear experienced an average inflation rate of 4.48% per year. This rate of change indicates significant inflation. In other words, apparel less footwear costing $20 in the year 2021 would cost $21.83 in 2023 for an equivalent purchase. Compared to the overall inflation rate of 5.81% during this same period, inflation for apparel less footwear was lower.

In the year 2021: Pricing changed by 2.09%, which is below the average yearly change for apparel less footwear during the 2021-2023 time period. Compared to inflation for all items in 2021 (4.70%), 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 2021

Below are calculations of equivalent buying power for Apparel less footwear, over time, for $20 beginning in 2021. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate

* 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:


Adjust apparel less footwear prices for inflation

Start with the inflation rate formula:

CPI in 2023 / CPI in 2021 * 2021 USD value = 2023 USD value

Then plug in historical CPI values from above. The CPI for Apparel less footwear was 112.542 in the year 2021 and 122.841 in 2023:

122.841 / 112.542 * $20 = $21.83

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 2021 has the same "purchasing power" as $21.83 in 2023 (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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