According to the U.S. Bureau of Labor Statistics, prices for apparel are 390.25% higher in 2024 versus 1924 (a $2,848,809.54 difference in value).
Between 1924 and 2024: Apparel experienced an average inflation rate of 1.60% per year. In other words, apparel costing $730,000 in the year 1924 would cost $3,578,809.54 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 2.94% during this same period, inflation for apparel was lower.
In the year 1924: Pricing changed by -1.25%, which is below the average yearly change for apparel during the 1924-2024 time period. Compared to inflation for all items in 1924 (0.41%), inflation for apparel was lower.
Below are calculations of equivalent buying power for Apparel, over time, for $730,000 beginning in 1924. Each of the amounts below is equivalent in terms of what it could buy at the time:
Year | USD Value | Inflation Rate |
---|---|---|
1924 | $730,000.00 | -1.25% |
1925 | $717,451.42 | -1.72% |
1926 | $704,720.98 | -1.77% |
1927 | $689,262.58 | -2.19% |
1928 | $681,078.72 | -1.19% |
1929 | $672,894.87 | -1.20% |
1930 | $656,527.15 | -2.43% |
1931 | $589,237.67 | -10.25% |
1932 | $523,766.82 | -11.11% |
1933 | $520,129.55 | -0.69% |
1934 | $563,776.78 | 8.39% |
1935 | $567,414.05 | 0.65% |
1936 | $573,779.27 | 1.12% |
1937 | $603,968.61 | 5.26% |
1938 | $596,330.34 | -1.26% |
1939 | $589,783.26 | -1.10% |
1940 | $595,083.28 | 0.90% |
1941 | $622,392.78 | 4.59% |
1942 | $728,363.23 | 17.03% |
1943 | $759,839.60 | 4.32% |
1944 | $813,139.59 | 7.01% |
1945 | $855,108.08 | 5.16% |
1946 | $938,205.70 | 9.72% |
1947 | $1,087,403.70 | 15.90% |
1948 | $1,159,589.51 | 6.64% |
1949 | $1,113,843.85 | -3.94% |
1950 | $1,098,945.04 | -1.34% |
1951 | $1,198,200.53 | 9.03% |
1952 | $1,185,400.14 | -1.07% |
1953 | $1,177,635.97 | -0.65% |
1954 | $1,173,648.96 | -0.34% |
1955 | $1,169,871.79 | -0.32% |
1956 | $1,193,374.15 | 2.01% |
1957 | $1,213,938.71 | 1.72% |
1958 | $1,218,555.25 | 0.38% |
1959 | $1,228,208.00 | 0.79% |
1960 | $1,246,674.14 | 1.50% |
1961 | $1,256,536.74 | 0.79% |
1962 | $1,263,461.54 | 0.55% |
1963 | $1,278,989.88 | 1.23% |
1964 | $1,289,901.69 | 0.85% |
1965 | $1,302,282.40 | 0.96% |
1966 | $1,337,116.25 | 2.67% |
1967 | $1,391,675.29 | 4.08% |
1968 | $1,465,959.53 | 5.34% |
1969 | $1,550,316.20 | 5.75% |
1970 | $1,614,318.16 | 4.13% |
1971 | $1,666,568.93 | 3.24% |
1972 | $1,700,983.10 | 2.06% |
1973 | $1,763,306.31 | 3.66% |
1974 | $1,894,038.17 | 7.41% |
1975 | $1,978,394.85 | 4.45% |
1976 | $2,052,469.24 | 3.74% |
1977 | $2,144,380.25 | 4.48% |
1978 | $2,219,713.69 | 3.51% |
1979 | $2,316,870.76 | 4.38% |
1980 | $2,480,757.73 | 7.07% |
1981 | $2,599,108.89 | 4.77% |
1982 | $2,667,307.69 | 2.62% |
1983 | $2,733,198.23 | 2.47% |
1984 | $2,783,560.42 | 1.84% |
1985 | $2,864,979.30 | 2.92% |
1986 | $2,889,321.03 | 0.85% |
1987 | $3,016,485.57 | 4.40% |
1988 | $3,147,427.27 | 4.34% |
1989 | $3,234,931.59 | 2.78% |
1990 | $3,384,968.95 | 4.64% |
1991 | $3,511,084.28 | 3.73% |
1992 | $3,597,539.38 | 2.46% |
1993 | $3,646,222.84 | 1.35% |
1994 | $3,639,088.19 | -0.20% |
1995 | $3,599,847.65 | -1.08% |
1996 | $3,592,713.00 | -0.20% |
1997 | $3,624,189.38 | 0.88% |
1998 | $3,628,805.91 | 0.13% |
1999 | $3,581,591.35 | -1.30% |
2000 | $3,534,796.48 | -1.31% |
2001 | $3,471,843.74 | -1.78% |
2002 | $3,383,290.22 | -2.55% |
2003 | $3,297,464.64 | -2.54% |
2004 | $3,285,293.78 | -0.37% |
2005 | $3,260,952.05 | -0.74% |
2006 | $3,258,643.79 | -0.07% |
2007 | $3,246,214.82 | -0.38% |
2008 | $3,243,723.99 | -0.08% |
2009 | $3,275,674.60 | 0.98% |
2010 | $3,259,986.78 | -0.48% |
2011 | $3,331,121.28 | 2.18% |
2012 | $3,444,438.31 | 3.40% |
2013 | $3,475,719.53 | 0.91% |
2014 | $3,478,527.22 | 0.08% |
2015 | $3,434,561.03 | -1.26% |
2016 | $3,438,455.70 | 0.11% |
2017 | $3,426,635.28 | -0.34% |
2018 | $3,427,791.51 | 0.03% |
2019 | $3,384,070.83 | -1.28% |
2020 | $3,221,130.25 | -4.81% |
2021 | $3,300,622.77 | 2.47% |
2022 | $3,466,702.60 | 5.03% |
2023 | $3,562,124.27 | 2.75% |
2024 | $3,578,809.54 | 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 |