According to the U.S. Bureau of Labor Statistics, prices for apparel are 383.86% higher in 2024 versus 1922 (a $2,418,334.51 difference in value).
Between 1922 and 2024: Apparel experienced an average inflation rate of 1.56% per year. In other words, apparel costing $630,000 in the year 1922 would cost $3,048,334.51 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 2.90% during this same period, inflation for apparel was lower.
In the year 1922: Pricing changed by -15.07%, which is significantly below the average yearly change for apparel during the 1922-2024 time period. Compared to inflation for all items in 1922 (-6.16%), inflation for apparel was much lower.
Below are calculations of equivalent buying power for Apparel, over time, for $630,000 beginning in 1922. Each of the amounts below is equivalent in terms of what it could buy at the time:
Year | USD Value | Inflation Rate |
---|---|---|
1922 | $630,000.00 | -15.07% |
1923 | $635,629.19 | 0.89% |
1924 | $627,654.50 | -1.25% |
1925 | $616,865.23 | -1.72% |
1926 | $605,919.58 | -1.77% |
1927 | $592,628.44 | -2.19% |
1928 | $585,591.96 | -1.19% |
1929 | $578,555.47 | -1.20% |
1930 | $564,482.50 | -2.43% |
1931 | $506,626.95 | -10.25% |
1932 | $450,335.07 | -11.11% |
1933 | $447,207.74 | -0.69% |
1934 | $484,735.67 | 8.39% |
1935 | $487,862.99 | 0.65% |
1936 | $493,335.82 | 1.12% |
1937 | $519,292.63 | 5.26% |
1938 | $512,725.24 | -1.26% |
1939 | $507,096.05 | -1.10% |
1940 | $511,653.02 | 0.90% |
1941 | $535,133.74 | 4.59% |
1942 | $626,247.21 | 17.03% |
1943 | $653,310.61 | 4.32% |
1944 | $699,137.98 | 7.01% |
1945 | $735,222.52 | 5.16% |
1946 | $806,669.91 | 9.72% |
1947 | $934,950.46 | 15.90% |
1948 | $997,015.87 | 6.64% |
1949 | $957,683.72 | -3.94% |
1950 | $944,873.70 | -1.34% |
1951 | $1,030,213.64 | 9.03% |
1952 | $1,019,207.86 | -1.07% |
1953 | $1,012,532.22 | -0.65% |
1954 | $1,009,104.19 | -0.34% |
1955 | $1,005,856.58 | -0.32% |
1956 | $1,026,063.92 | 2.01% |
1957 | $1,043,745.35 | 1.72% |
1958 | $1,047,714.65 | 0.38% |
1959 | $1,056,014.09 | 0.79% |
1960 | $1,071,891.29 | 1.50% |
1961 | $1,080,371.16 | 0.79% |
1962 | $1,086,325.10 | 0.55% |
1963 | $1,099,676.38 | 1.23% |
1964 | $1,109,058.37 | 0.85% |
1965 | $1,119,703.30 | 0.96% |
1966 | $1,149,653.47 | 2.67% |
1967 | $1,196,563.38 | 4.08% |
1968 | $1,260,433.01 | 5.34% |
1969 | $1,332,962.94 | 5.75% |
1970 | $1,387,991.87 | 4.13% |
1971 | $1,432,917.12 | 3.24% |
1972 | $1,462,506.44 | 2.06% |
1973 | $1,516,091.99 | 3.66% |
1974 | $1,628,495.33 | 7.41% |
1975 | $1,701,025.26 | 4.45% |
1976 | $1,764,714.47 | 3.74% |
1977 | $1,843,739.62 | 4.48% |
1978 | $1,908,511.37 | 3.51% |
1979 | $1,992,047.08 | 4.38% |
1980 | $2,132,957.21 | 7.07% |
1981 | $2,234,715.62 | 4.77% |
1982 | $2,293,353.00 | 2.62% |
1983 | $2,350,005.73 | 2.47% |
1984 | $2,393,307.18 | 1.84% |
1985 | $2,463,311.19 | 2.92% |
1986 | $2,484,240.22 | 0.85% |
1987 | $2,593,576.38 | 4.40% |
1988 | $2,706,160.15 | 4.34% |
1989 | $2,781,396.41 | 2.78% |
1990 | $2,910,398.65 | 4.64% |
1991 | $3,018,832.69 | 3.73% |
1992 | $3,093,166.85 | 2.46% |
1993 | $3,135,024.92 | 1.35% |
1994 | $3,128,890.54 | -0.20% |
1995 | $3,095,151.50 | -1.08% |
1996 | $3,089,017.13 | -0.20% |
1997 | $3,116,080.53 | 0.88% |
1998 | $3,120,049.83 | 0.13% |
1999 | $3,079,454.72 | -1.30% |
2000 | $3,039,220.46 | -1.31% |
2001 | $2,985,093.65 | -1.78% |
2002 | $2,908,955.27 | -2.55% |
2003 | $2,835,162.38 | -2.54% |
2004 | $2,824,697.86 | -0.37% |
2005 | $2,803,768.83 | -0.74% |
2006 | $2,801,784.18 | -0.07% |
2007 | $2,791,097.74 | -0.38% |
2008 | $2,788,956.13 | -0.08% |
2009 | $2,816,427.29 | 0.98% |
2010 | $2,802,938.89 | -0.48% |
2011 | $2,864,100.38 | 2.18% |
2012 | $2,961,530.44 | 3.40% |
2013 | $2,988,426.06 | 0.91% |
2014 | $2,990,840.11 | 0.08% |
2015 | $2,953,037.95 | -1.26% |
2016 | $2,956,386.59 | 0.11% |
2017 | $2,946,223.38 | -0.34% |
2018 | $2,947,217.51 | 0.03% |
2019 | $2,909,626.44 | -1.28% |
2020 | $2,769,530.01 | -4.81% |
2021 | $2,837,877.74 | 2.47% |
2022 | $2,980,673.29 | 5.03% |
2023 | $3,062,716.91 | 2.75% |
2024 | $3,048,334.51 | -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 | 129.966 |