According to the U.S. Bureau of Labor Statistics, prices for apparel are 504.05% higher in 2024 versus 1940 (a $210,187,047,642.44 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 $41,700,000,000 in the year 1940 would cost $251,887,047,642.44 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 $41,700,000,000 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 | $41,700,000,000.00 | 0.90% |
1941 | $43,613,692,005.44 | 4.59% |
1942 | $51,039,489,194.50 | 17.03% |
1943 | $53,245,171,527.88 | 4.32% |
1944 | $56,980,126,945.75 | 7.01% |
1945 | $59,921,036,723.59 | 5.16% |
1946 | $65,744,038,083.72 | 9.72% |
1947 | $76,198,972,343.96 | 15.90% |
1948 | $81,257,337,161.86 | 6.64% |
1949 | $78,051,745,504.00 | -3.94% |
1950 | $77,007,722,532.87 | -1.34% |
1951 | $83,962,974,157.47 | 9.03% |
1952 | $83,065,996,675.23 | -1.07% |
1953 | $82,521,928,366.33 | -0.65% |
1954 | $82,242,541,937.43 | -0.34% |
1955 | $81,977,860,057.43 | -0.32% |
1956 | $83,624,769,533.02 | 2.01% |
1957 | $85,065,815,324.17 | 1.72% |
1958 | $85,389,315,399.73 | 0.38% |
1959 | $86,065,724,648.63 | 0.79% |
1960 | $87,359,724,950.88 | 1.50% |
1961 | $88,050,838,748.68 | 0.79% |
1962 | $88,536,088,862.02 | 0.55% |
1963 | $89,624,225,479.82 | 1.23% |
1964 | $90,388,862,022.06 | 0.85% |
1965 | $91,256,430,406.53 | 0.96% |
1966 | $93,697,385,522.14 | 2.67% |
1967 | $97,520,568,233.34 | 4.08% |
1968 | $102,725,978,540.12 | 5.34% |
1969 | $108,637,207,193.59 | 5.75% |
1970 | $113,122,094,604.81 | 4.13% |
1971 | $116,783,527,278.22 | 3.24% |
1972 | $119,195,073,296.06 | 2.06% |
1973 | $123,562,324,316.16 | 3.66% |
1974 | $132,723,258,274.14 | 7.41% |
1975 | $138,634,486,927.61 | 4.45% |
1976 | $143,825,192,685.51 | 3.74% |
1977 | $150,265,785,098.99 | 4.48% |
1978 | $155,544,718,150.22 | 3.51% |
1979 | $162,352,924,285.93 | 4.38% |
1980 | $173,837,176,968.41 | 7.07% |
1981 | $182,130,542,541.94 | 4.77% |
1982 | $186,909,520,930.94 | 2.62% |
1983 | $191,526,749,282.15 | 2.47% |
1984 | $195,055,841,015.57 | 1.84% |
1985 | $200,761,205,984.59 | 2.92% |
1986 | $202,466,933,655.74 | 0.85% |
1987 | $211,377,890,282.61 | 4.40% |
1988 | $220,553,528,789.48 | 4.34% |
1989 | $226,685,325,676.29 | 2.78% |
1990 | $237,199,078,132.08 | 4.64% |
1991 | $246,036,512,014.51 | 3.73% |
1992 | $252,094,786,156.87 | 2.46% |
1993 | $255,506,241,499.17 | 1.35% |
1994 | $255,006,286,836.94 | -0.20% |
1995 | $252,256,536,194.65 | -1.08% |
1996 | $251,756,581,532.42 | -0.20% |
1997 | $253,962,263,865.80 | 0.88% |
1998 | $254,285,763,941.36 | 0.13% |
1999 | $250,977,240,441.29 | -1.30% |
2000 | $247,698,126,038.99 | -1.31% |
2001 | $243,286,761,372.22 | -1.78% |
2002 | $237,081,441,740.97 | -2.55% |
2003 | $231,067,281,245.28 | -2.54% |
2004 | $230,214,417,409.70 | -0.37% |
2005 | $228,508,689,738.55 | -0.74% |
2006 | $228,346,939,700.77 | -0.07% |
2007 | $227,475,989,270.06 | -0.38% |
2008 | $227,301,446,274.75 | -0.08% |
2009 | $229,540,360,888.62 | 0.98% |
2010 | $228,441,048,813.66 | -0.48% |
2011 | $233,425,743,841.62 | 2.18% |
2012 | $241,366,347,287.29 | 3.40% |
2013 | $243,558,354,390.21 | 0.91% |
2014 | $243,755,101,254.34 | 0.08% |
2015 | $240,674,204,171.07 | -1.26% |
2016 | $240,947,120,598.46 | 0.11% |
2017 | $240,118,813,359.53 | -0.34% |
2018 | $240,199,835,423.91 | 0.03% |
2019 | $237,136,142,662.84 | -1.28% |
2020 | $225,718,207,495.84 | -4.81% |
2021 | $231,288,584,706.06 | 2.47% |
2022 | $242,926,499,924.44 | 5.03% |
2023 | $249,613,099,440.83 | 2.75% |
2024 | $251,887,047,642.44 | 0.91%* |
* 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 | 131.768 |