According to the U.S. Bureau of Labor Statistics, prices for apparel are 656.14% higher in 2024 versus 1916 (a $2,952,631.12 difference in value).
Between 1916 and 2024: Apparel experienced an average inflation rate of 1.89% per year. In other words, apparel costing $450,000 in the year 1916 would cost $3,402,631.12 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 3.15% during this same period, inflation for apparel was lower.
In the year 1916: Pricing changed by 12.30%, which is significantly above the average yearly change for apparel during the 1916-2024 time period. Compared to inflation for all items in 1916 (7.69%), inflation for apparel was much higher.
Below are calculations of equivalent buying power for Apparel, over time, for $450,000 beginning in 1916. Each of the amounts below is equivalent in terms of what it could buy at the time:
Year | USD Value | Inflation Rate |
---|---|---|
1916 | $450,000.00 | 12.30% |
1917 | $549,855.91 | 22.19% |
1918 | $766,426.51 | 39.39% |
1919 | $978,674.35 | 27.69% |
1920 | $1,110,086.46 | 13.43% |
1921 | $820,244.96 | -26.11% |
1922 | $696,657.06 | -15.07% |
1923 | $702,881.84 | 0.89% |
1924 | $694,063.40 | -1.25% |
1925 | $682,132.56 | -1.72% |
1926 | $670,028.82 | -1.77% |
1927 | $655,331.41 | -2.19% |
1928 | $647,550.43 | -1.19% |
1929 | $639,769.45 | -1.20% |
1930 | $624,207.49 | -2.43% |
1931 | $560,230.55 | -10.25% |
1932 | $497,982.71 | -11.11% |
1933 | $494,524.50 | -0.69% |
1934 | $536,023.05 | 8.39% |
1935 | $539,481.27 | 0.65% |
1936 | $545,533.14 | 1.12% |
1937 | $574,236.31 | 5.26% |
1938 | $566,974.06 | -1.26% |
1939 | $560,749.28 | -1.10% |
1940 | $565,788.39 | 0.90% |
1941 | $591,753.49 | 4.59% |
1942 | $692,507.20 | 17.03% |
1943 | $722,434.05 | 4.32% |
1944 | $773,110.18 | 7.01% |
1945 | $813,012.64 | 5.16% |
1946 | $892,019.51 | 9.72% |
1947 | $1,033,872.76 | 15.90% |
1948 | $1,102,504.99 | 6.64% |
1949 | $1,059,011.31 | -3.94% |
1950 | $1,044,845.93 | -1.34% |
1951 | $1,139,215.25 | 9.03% |
1952 | $1,127,045.00 | -1.07% |
1953 | $1,119,663.05 | -0.65% |
1954 | $1,115,872.31 | -0.34% |
1955 | $1,112,281.09 | -0.32% |
1956 | $1,134,626.47 | 2.01% |
1957 | $1,154,178.67 | 1.72% |
1958 | $1,158,567.95 | 0.38% |
1959 | $1,167,745.51 | 0.79% |
1960 | $1,185,302.59 | 1.50% |
1961 | $1,194,679.67 | 0.79% |
1962 | $1,201,263.58 | 0.55% |
1963 | $1,216,027.49 | 1.23% |
1964 | $1,226,402.13 | 0.85% |
1965 | $1,238,173.35 | 0.96% |
1966 | $1,271,292.40 | 2.67% |
1967 | $1,323,165.60 | 4.08% |
1968 | $1,393,792.95 | 5.34% |
1969 | $1,473,996.90 | 5.75% |
1970 | $1,534,848.15 | 4.13% |
1971 | $1,584,526.71 | 3.24% |
1972 | $1,617,246.73 | 2.06% |
1973 | $1,676,501.88 | 3.66% |
1974 | $1,800,798.05 | 7.41% |
1975 | $1,881,002.00 | 4.45% |
1976 | $1,951,429.84 | 3.74% |
1977 | $2,038,816.23 | 4.48% |
1978 | $2,110,441.14 | 3.51% |
1979 | $2,202,815.34 | 4.38% |
1980 | $2,358,634.45 | 7.07% |
1981 | $2,471,159.39 | 4.77% |
1982 | $2,536,000.89 | 2.62% |
1983 | $2,598,647.75 | 2.47% |
1984 | $2,646,530.70 | 1.84% |
1985 | $2,723,941.48 | 2.92% |
1986 | $2,747,084.90 | 0.85% |
1987 | $2,867,989.36 | 4.40% |
1988 | $2,992,485.04 | 4.34% |
1989 | $3,075,681.67 | 2.78% |
1990 | $3,218,332.96 | 4.64% |
1991 | $3,338,239.86 | 3.73% |
1992 | $3,420,438.93 | 2.46% |
1993 | $3,466,725.78 | 1.35% |
1994 | $3,459,942.36 | -0.20% |
1995 | $3,422,633.56 | -1.08% |
1996 | $3,415,850.14 | -0.20% |
1997 | $3,445,776.99 | 0.88% |
1998 | $3,450,166.26 | 0.13% |
1999 | $3,405,275.99 | -1.30% |
2000 | $3,360,784.75 | -1.31% |
2001 | $3,300,931.06 | -1.78% |
2002 | $3,216,736.87 | -2.55% |
2003 | $3,135,136.33 | -2.54% |
2004 | $3,123,564.62 | -0.37% |
2005 | $3,100,421.19 | -0.74% |
2006 | $3,098,226.56 | -0.07% |
2007 | $3,086,409.44 | -0.38% |
2008 | $3,084,041.23 | -0.08% |
2009 | $3,114,418.98 | 0.98% |
2010 | $3,099,503.44 | -0.48% |
2011 | $3,167,136.11 | 2.18% |
2012 | $3,274,874.75 | 3.40% |
2013 | $3,304,616.05 | 0.91% |
2014 | $3,307,285.52 | 0.08% |
2015 | $3,265,483.71 | -1.26% |
2016 | $3,269,186.65 | 0.11% |
2017 | $3,257,948.13 | -0.34% |
2018 | $3,259,047.44 | 0.03% |
2019 | $3,217,479.05 | -1.28% |
2020 | $3,062,559.74 | -4.81% |
2021 | $3,138,138.99 | 2.47% |
2022 | $3,296,043.01 | 5.03% |
2023 | $3,386,767.24 | 2.75% |
2024 | $3,402,631.12 | 0.47%* |
* 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 | 131.190 |