According to the U.S. Bureau of Labor Statistics, prices for apparel are 314.83% higher in 2024 versus 1921 (a $1,951,952.78 difference in value).
Between 1921 and 2024: Apparel experienced an average inflation rate of 1.39% per year. In other words, apparel costing $620,000 in the year 1921 would cost $2,571,952.78 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 2.81% during this same period, inflation for apparel was lower.
In the year 1921: Pricing changed by -26.11%, which is significantly below the average yearly change for apparel during the 1921-2024 time period. Compared to inflation for all items in 1921 (-10.90%), inflation for apparel was much lower.
Below are calculations of equivalent buying power for Apparel, over time, for $620,000 beginning in 1921. Each of the amounts below is equivalent in terms of what it could buy at the time:
Year | USD Value | Inflation Rate |
---|---|---|
1921 | $620,000.00 | -26.11% |
1922 | $526,583.40 | -15.07% |
1923 | $531,288.54 | 0.89% |
1924 | $524,622.92 | -1.25% |
1925 | $515,604.74 | -1.72% |
1926 | $506,455.86 | -1.77% |
1927 | $495,346.51 | -2.19% |
1928 | $489,465.09 | -1.19% |
1929 | $483,583.66 | -1.20% |
1930 | $471,820.82 | -2.43% |
1931 | $423,462.45 | -10.25% |
1932 | $376,411.07 | -11.11% |
1933 | $373,797.10 | -0.69% |
1934 | $405,164.69 | 8.39% |
1935 | $407,778.66 | 0.65% |
1936 | $412,353.10 | 1.12% |
1937 | $434,049.01 | 5.26% |
1938 | $428,559.68 | -1.26% |
1939 | $423,854.55 | -1.10% |
1940 | $427,663.47 | 0.90% |
1941 | $447,289.75 | 4.59% |
1942 | $523,446.64 | 17.03% |
1943 | $546,067.50 | 4.32% |
1944 | $584,372.15 | 7.01% |
1945 | $614,533.29 | 5.16% |
1946 | $674,252.36 | 9.72% |
1947 | $781,475.22 | 15.90% |
1948 | $833,352.39 | 6.64% |
1949 | $800,476.74 | -3.94% |
1950 | $789,769.53 | -1.34% |
1951 | $861,100.64 | 9.03% |
1952 | $851,901.49 | -1.07% |
1953 | $846,321.68 | -0.65% |
1954 | $843,456.37 | -0.34% |
1955 | $840,741.87 | -0.32% |
1956 | $857,632.11 | 2.01% |
1957 | $872,411.07 | 1.72% |
1958 | $875,728.79 | 0.38% |
1959 | $882,665.86 | 0.79% |
1960 | $895,936.76 | 1.50% |
1961 | $903,024.63 | 0.79% |
1962 | $908,001.22 | 0.55% |
1963 | $919,160.84 | 1.23% |
1964 | $927,002.74 | 0.85% |
1965 | $935,900.27 | 0.96% |
1966 | $960,934.02 | 2.67% |
1967 | $1,000,143.51 | 4.08% |
1968 | $1,053,528.73 | 5.34% |
1969 | $1,114,152.63 | 5.75% |
1970 | $1,160,148.37 | 4.13% |
1971 | $1,197,699.00 | 3.24% |
1972 | $1,222,431.13 | 2.06% |
1973 | $1,267,220.43 | 3.66% |
1974 | $1,361,172.39 | 7.41% |
1975 | $1,421,796.29 | 4.45% |
1976 | $1,475,030.71 | 3.74% |
1977 | $1,541,083.61 | 4.48% |
1978 | $1,595,222.86 | 3.51% |
1979 | $1,665,045.91 | 4.38% |
1980 | $1,782,825.17 | 7.07% |
1981 | $1,867,879.60 | 4.77% |
1982 | $1,916,891.46 | 2.62% |
1983 | $1,964,244.45 | 2.47% |
1984 | $2,000,437.82 | 1.84% |
1985 | $2,058,950.44 | 2.92% |
1986 | $2,076,443.90 | 0.85% |
1987 | $2,167,832.17 | 4.40% |
1988 | $2,261,934.93 | 4.34% |
1989 | $2,324,820.92 | 2.78% |
1990 | $2,432,647.01 | 4.64% |
1991 | $2,523,281.24 | 3.73% |
1992 | $2,585,413.20 | 2.46% |
1993 | $2,620,400.12 | 1.35% |
1994 | $2,615,272.73 | -0.20% |
1995 | $2,587,072.06 | -1.08% |
1996 | $2,581,944.66 | -0.20% |
1997 | $2,604,565.52 | 0.88% |
1998 | $2,607,883.25 | 0.13% |
1999 | $2,573,951.96 | -1.30% |
2000 | $2,540,322.29 | -1.31% |
2001 | $2,495,080.57 | -1.78% |
2002 | $2,431,440.56 | -2.55% |
2003 | $2,369,761.02 | -2.54% |
2004 | $2,361,014.29 | -0.37% |
2005 | $2,343,520.83 | -0.74% |
2006 | $2,341,861.96 | -0.07% |
2007 | $2,332,929.74 | -0.38% |
2008 | $2,331,139.68 | -0.08% |
2009 | $2,354,101.36 | 0.98% |
2010 | $2,342,827.12 | -0.48% |
2011 | $2,393,948.75 | 2.18% |
2012 | $2,475,385.35 | 3.40% |
2013 | $2,497,865.95 | 0.91% |
2014 | $2,499,883.73 | 0.08% |
2015 | $2,468,286.92 | -1.26% |
2016 | $2,471,085.87 | 0.11% |
2017 | $2,462,590.99 | -0.34% |
2018 | $2,463,421.93 | 0.03% |
2019 | $2,432,001.56 | -1.28% |
2020 | $2,314,902.43 | -4.81% |
2021 | $2,372,030.65 | 2.47% |
2022 | $2,491,385.83 | 5.03% |
2023 | $2,559,961.71 | 2.75% |
2024 | $2,571,952.78 | 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 |