According to the U.S. Bureau of Labor Statistics, prices for apparel are 206.52% higher in 2024 versus 1920 (a $2,003,238.86 difference in value).
Between 1920 and 2024: Apparel experienced an average inflation rate of 1.08% per year. In other words, apparel costing $970,000 in the year 1920 would cost $2,973,238.86 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 2.67% during this same period, inflation for apparel was lower.
In the year 1920: Pricing changed by 13.43%, which is significantly above the average yearly change for apparel during the 1920-2024 time period. Compared to inflation for all items in 1920 (15.62%), inflation for apparel was lower.
Below are calculations of equivalent buying power for Apparel, over time, for $970,000 beginning in 1920. Each of the amounts below is equivalent in terms of what it could buy at the time:
Year | USD Value | Inflation Rate |
---|---|---|
1920 | $970,000.00 | 13.43% |
1921 | $716,734.81 | -26.11% |
1922 | $608,742.99 | -15.07% |
1923 | $614,182.24 | 0.89% |
1924 | $606,476.64 | -1.25% |
1925 | $596,051.40 | -1.72% |
1926 | $585,475.08 | -1.77% |
1927 | $572,632.40 | -2.19% |
1928 | $565,833.33 | -1.19% |
1929 | $559,034.27 | -1.20% |
1930 | $545,436.14 | -2.43% |
1931 | $489,532.71 | -10.25% |
1932 | $435,140.19 | -11.11% |
1933 | $432,118.38 | -0.69% |
1934 | $468,380.06 | 8.39% |
1935 | $471,401.87 | 0.65% |
1936 | $476,690.03 | 1.12% |
1937 | $501,771.03 | 5.26% |
1938 | $495,425.23 | -1.26% |
1939 | $489,985.98 | -1.10% |
1940 | $494,389.19 | 0.90% |
1941 | $517,077.64 | 4.59% |
1942 | $605,116.82 | 17.03% |
1943 | $631,267.07 | 4.32% |
1944 | $675,548.17 | 7.01% |
1945 | $710,415.17 | 5.16% |
1946 | $779,451.83 | 9.72% |
1947 | $903,404.03 | 15.90% |
1948 | $963,375.27 | 6.64% |
1949 | $925,370.24 | -3.94% |
1950 | $912,992.45 | -1.34% |
1951 | $995,452.91 | 9.03% |
1952 | $984,818.48 | -1.07% |
1953 | $978,368.08 | -0.65% |
1954 | $975,055.72 | -0.34% |
1955 | $971,917.69 | -0.32% |
1956 | $991,443.21 | 2.01% |
1957 | $1,008,528.04 | 1.72% |
1958 | $1,012,363.41 | 0.38% |
1959 | $1,020,382.82 | 0.79% |
1960 | $1,035,724.30 | 1.50% |
1961 | $1,043,918.04 | 0.79% |
1962 | $1,049,671.10 | 0.55% |
1963 | $1,062,571.89 | 1.23% |
1964 | $1,071,637.31 | 0.85% |
1965 | $1,081,923.08 | 0.96% |
1966 | $1,110,862.69 | 2.67% |
1967 | $1,156,189.79 | 4.08% |
1968 | $1,217,904.39 | 5.34% |
1969 | $1,287,987.06 | 5.75% |
1970 | $1,341,159.24 | 4.13% |
1971 | $1,384,568.66 | 3.24% |
1972 | $1,413,159.60 | 2.06% |
1973 | $1,464,937.10 | 3.66% |
1974 | $1,573,547.81 | 7.41% |
1975 | $1,643,630.48 | 4.45% |
1976 | $1,705,170.74 | 3.74% |
1977 | $1,781,529.48 | 4.48% |
1978 | $1,844,115.74 | 3.51% |
1979 | $1,924,832.85 | 4.38% |
1980 | $2,060,988.50 | 7.07% |
1981 | $2,159,313.44 | 4.77% |
1982 | $2,215,972.32 | 2.62% |
1983 | $2,270,713.52 | 2.47% |
1984 | $2,312,553.92 | 1.84% |
1985 | $2,380,195.90 | 2.92% |
1986 | $2,400,418.76 | 0.85% |
1987 | $2,506,065.78 | 4.40% |
1988 | $2,614,850.83 | 4.34% |
1989 | $2,687,548.53 | 2.78% |
1990 | $2,812,198.06 | 4.64% |
1991 | $2,916,973.40 | 3.73% |
1992 | $2,988,799.42 | 2.46% |
1993 | $3,029,245.15 | 1.35% |
1994 | $3,023,317.76 | -0.20% |
1995 | $2,990,717.11 | -1.08% |
1996 | $2,984,789.72 | -0.20% |
1997 | $3,010,939.97 | 0.88% |
1998 | $3,014,775.34 | 0.13% |
1999 | $2,975,549.96 | -1.30% |
2000 | $2,936,673.26 | -1.31% |
2001 | $2,884,372.75 | -1.78% |
2002 | $2,810,803.38 | -2.55% |
2003 | $2,739,500.36 | -2.54% |
2004 | $2,729,388.93 | -0.37% |
2005 | $2,709,166.07 | -0.74% |
2006 | $2,707,248.38 | -0.07% |
2007 | $2,696,922.52 | -0.38% |
2008 | $2,694,853.16 | -0.08% |
2009 | $2,721,397.41 | 0.98% |
2010 | $2,708,364.13 | -0.48% |
2011 | $2,767,461.95 | 2.18% |
2012 | $2,861,604.60 | 3.40% |
2013 | $2,887,592.72 | 0.91% |
2014 | $2,889,925.32 | 0.08% |
2015 | $2,853,398.65 | -1.26% |
2016 | $2,856,634.31 | 0.11% |
2017 | $2,846,814.02 | -0.34% |
2018 | $2,847,774.60 | 0.03% |
2019 | $2,811,451.91 | -1.28% |
2020 | $2,676,082.51 | -4.81% |
2021 | $2,742,124.10 | 2.47% |
2022 | $2,880,101.55 | 5.03% |
2023 | $2,959,376.91 | 2.75% |
2024 | $2,973,238.86 | 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 |