According to the U.S. Bureau of Labor Statistics, prices for apparel are 501.40% higher in 2024 versus 1940 (a $1,709,761,792,185.11 difference in value).
Between 1940 and 2024: Apparel experienced an average inflation rate of 2.16% per year. This rate of change indicates significant inflation. In other words, apparel costing $341,000,000,000 in the year 1940 would cost $2,050,761,792,185.11 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 3.76% during this same period, inflation for apparel was lower.
In the year 1940: Pricing changed by 0.90%, which is below the average yearly change for apparel during the 1940-2024 time period. Compared to inflation for all items in 1940 (0.72%), inflation for apparel was higher.
Below are calculations of equivalent buying power for Apparel, over time, for $341,000,000,000 beginning in 1940. Each of the amounts below is equivalent in terms of what it could buy at the time:
Year | USD Value | Inflation Rate |
---|---|---|
1940 | $341,000,000,000.00 | 0.90% |
1941 | $356,649,136,063.67 | 4.59% |
1942 | $417,373,280,943.03 | 17.03% |
1943 | $435,410,155,659.66 | 4.32% |
1944 | $465,952,596,846.51 | 7.01% |
1945 | $490,001,763,135.36 | 5.16% |
1946 | $537,619,112,387.29 | 9.72% |
1947 | $623,113,898,544.15 | 15.90% |
1948 | $664,478,464,560.98 | 6.64% |
1949 | $638,264,873,306.13 | -3.94% |
1950 | $629,727,419,273.59 | -1.34% |
1951 | $686,603,697,546.72 | 9.03% |
1952 | $679,268,701,828.62 | -1.07% |
1953 | $674,819,606,065.19 | -0.65% |
1954 | $672,534,935,267.74 | -0.34% |
1955 | $670,370,510,301.75 | -0.32% |
1956 | $683,838,043,423.51 | 2.01% |
1957 | $695,622,134,905.04 | 1.72% |
1958 | $698,267,543,196.82 | 0.38% |
1959 | $703,798,851,443.25 | 0.79% |
1960 | $714,380,484,610.35 | 1.50% |
1961 | $720,032,038,688.23 | 0.79% |
1962 | $724,000,151,125.89 | 0.55% |
1963 | $732,898,342,652.76 | 1.23% |
1964 | $739,151,125,887.86 | 0.85% |
1965 | $746,245,629,943.08 | 0.96% |
1966 | $766,206,437,962.82 | 2.67% |
1967 | $797,470,354,138.33 | 4.08% |
1968 | $840,037,378,469.60 | 5.34% |
1969 | $888,376,202,710.19 | 5.75% |
1970 | $925,051,181,300.69 | 4.13% |
1971 | $954,992,393,330.31 | 3.24% |
1972 | $974,712,709,687.17 | 2.06% |
1973 | $1,010,425,721,626.11 | 3.66% |
1974 | $1,085,338,874,615.89 | 7.41% |
1975 | $1,133,677,698,856.48 | 4.45% |
1976 | $1,176,124,477,356.30 | 3.74% |
1977 | $1,228,792,151,528.89 | 4.48% |
1978 | $1,271,960,405,017.38 | 3.51% |
1979 | $1,327,634,224,976.07 | 4.38% |
1980 | $1,421,546,219,334.04 | 7.07% |
1981 | $1,489,364,868,268.60 | 4.77% |
1982 | $1,528,444,763,487.99 | 2.62% |
1983 | $1,566,201,954,561.48 | 2.47% |
1984 | $1,595,060,954,108.11 | 1.84% |
1985 | $1,641,716,336,708.48 | 2.92% |
1986 | $1,655,664,853,156.01 | 0.85% |
1987 | $1,728,533,827,011.23 | 4.40% |
1988 | $1,803,567,225,832.45 | 4.34% |
1989 | $1,853,709,737,544.71 | 2.78% |
1990 | $1,939,685,507,027.35 | 4.64% |
1991 | $2,011,953,251,725.35 | 3.73% |
1992 | $2,061,494,534,280.39 | 2.46% |
1993 | $2,089,391,567,175.46 | 1.35% |
1994 | $2,085,303,208,906.35 | -0.20% |
1995 | $2,062,817,238,426.28 | -1.08% |
1996 | $2,058,728,880,157.17 | -0.20% |
1997 | $2,076,765,754,873.81 | 0.88% |
1998 | $2,079,411,163,165.58 | 0.13% |
1999 | $2,052,355,851,090.63 | -1.30% |
2000 | $2,025,541,030,678.56 | -1.31% |
2001 | $1,989,467,281,245.28 | -1.78% |
2002 | $1,938,723,540,375.80 | -2.55% |
2003 | $1,889,542,995,315.10 | -2.54% |
2004 | $1,882,568,737,091.33 | -0.37% |
2005 | $1,868,620,220,643.80 | -0.74% |
2006 | $1,867,297,516,497.91 | -0.07% |
2007 | $1,860,175,355,901.47 | -0.38% |
2008 | $1,858,748,037,882.22 | -0.08% |
2009 | $1,877,056,668,177.93 | 0.98% |
2010 | $1,868,067,089,819.15 | -0.48% |
2011 | $1,908,829,224,220.44 | 2.18% |
2012 | $1,973,763,175,658.66 | 3.40% |
2013 | $1,991,688,221,752.05 | 0.91% |
2014 | $1,993,297,110,976.78 | 0.08% |
2015 | $1,968,103,204,372.58 | -1.26% |
2016 | $1,970,334,967,004.18 | 0.11% |
2017 | $1,963,561,519,318.93 | -0.34% |
2018 | $1,964,224,073,850.18 | 0.03% |
2019 | $1,939,170,854,868.77 | -1.28% |
2020 | $1,845,801,169,210.62 | -4.81% |
2021 | $1,891,352,695,078.33 | 2.47% |
2022 | $1,986,521,258,374.89 | 5.03% |
2023 | $2,041,200,645,307.54 | 2.75% |
2024 | $2,050,761,792,185.11 | 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 |