According to the U.S. Bureau of Labor Statistics, prices for apparel are 225.66% higher in 2024 versus 1950 (a $769,495,985,615.17 difference in value).
Between 1950 and 2024: Apparel experienced an average inflation rate of 1.61% per year. In other words, apparel costing $341,000,000,000 in the year 1950 would cost $1,110,495,985,615.17 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 3.52% during this same period, inflation for apparel was lower.
In the year 1950: Pricing changed by -1.34%, which is below the average yearly change for apparel during the 1950-2024 time period. Compared to inflation for all items in 1950 (1.10%), inflation for apparel was lower.
Below are calculations of equivalent buying power for Apparel, over time, for $341,000,000,000 beginning in 1950. Each of the amounts below is equivalent in terms of what it could buy at the time:
Year | USD Value | Inflation Rate |
---|---|---|
1950 | $341,000,000,000.00 | -1.34% |
1951 | $371,798,739,736.49 | 9.03% |
1952 | $367,826,809,241.93 | -1.07% |
1953 | $365,417,605,499.33 | -0.65% |
1954 | $364,180,446,820.70 | -0.34% |
1955 | $363,008,401,756.73 | -0.32% |
1956 | $370,301,126,599.20 | 2.01% |
1957 | $376,682,260,836.36 | 1.72% |
1958 | $378,114,760,358.98 | 0.38% |
1959 | $381,109,986,633.57 | 0.79% |
1960 | $386,839,984,724.08 | 1.50% |
1961 | $389,900,324,613.33 | 0.79% |
1962 | $392,049,073,897.27 | 0.55% |
1963 | $396,867,481,382.47 | 1.23% |
1964 | $400,253,389,345.04 | 0.85% |
1965 | $404,095,092,610.27 | 0.96% |
1966 | $414,903,952,644.64 | 2.67% |
1967 | $431,833,492,457.51 | 4.08% |
1968 | $454,883,712,048.88 | 5.34% |
1969 | $481,059,385,144.17 | 5.75% |
1970 | $500,919,037,616.96 | 4.13% |
1971 | $517,132,327,668.51 | 3.24% |
1972 | $527,810,960,473.55 | 2.06% |
1973 | $547,149,704,029.02 | 3.66% |
1974 | $587,715,485,965.25 | 7.41% |
1975 | $613,891,159,060.53 | 4.45% |
1976 | $636,876,265,037.24 | 3.74% |
1977 | $665,396,028,260.45 | 4.48% |
1978 | $688,771,815,925.15 | 3.51% |
1979 | $718,919,419,514.99 | 4.38% |
1980 | $769,773,152,568.26 | 7.07% |
1981 | $806,497,231,239.26 | 4.77% |
1982 | $827,659,156,005.35 | 2.62% |
1983 | $848,104,831,010.12 | 2.47% |
1984 | $863,732,098,529.69 | 1.84% |
1985 | $888,996,181,019.67 | 2.92% |
1986 | $896,549,360,320.79 | 0.85% |
1987 | $936,008,210,807.71 | 4.40% |
1988 | $976,639,106,358.60 | 4.34% |
1989 | $1,003,791,483,673.86 | 2.78% |
1990 | $1,050,347,718,159.25 | 4.64% |
1991 | $1,089,481,000,572.85 | 3.73% |
1992 | $1,116,307,809,814.78 | 2.46% |
1993 | $1,131,414,168,417.03 | 1.35% |
1994 | $1,129,200,305,518.43 | -0.20% |
1995 | $1,117,024,059,576.09 | -1.08% |
1996 | $1,114,810,196,677.49 | -0.20% |
1997 | $1,124,577,238,877.22 | 0.88% |
1998 | $1,126,009,738,399.85 | 0.13% |
1999 | $1,111,359,175,100.25 | -1.30% |
2000 | $1,096,838,839,029.98 | -1.31% |
2001 | $1,077,304,754,630.51 | -1.78% |
2002 | $1,049,826,809,241.93 | -2.55% |
2003 | $1,023,195,340,843.99 | -2.54% |
2004 | $1,019,418,751,193.43 | -0.37% |
2005 | $1,011,865,571,892.30 | -0.74% |
2006 | $1,011,149,322,130.99 | -0.07% |
2007 | $1,007,292,642,734.39 | -0.38% |
2008 | $1,006,519,744,128.32 | -0.08% |
2009 | $1,016,433,943,097.19 | 0.98% |
2010 | $1,011,566,049,264.85 | -0.48% |
2011 | $1,033,638,913,500.10 | 2.18% |
2012 | $1,068,800,916,555.28 | 3.40% |
2013 | $1,078,507,403,093.37 | 0.91% |
2014 | $1,079,378,623,257.59 | 0.08% |
2015 | $1,065,736,018,713.00 | -1.26% |
2016 | $1,066,944,527,401.18 | 0.11% |
2017 | $1,063,276,677,487.11 | -0.34% |
2018 | $1,063,635,453,503.91 | 0.03% |
2019 | $1,050,069,031,888.49 | -1.28% |
2020 | $999,508,961,237.35 | -4.81% |
2021 | $1,024,175,300,744.70 | 2.47% |
2022 | $1,075,709,471,071.22 | 5.03% |
2023 | $1,105,318,585,067.79 | 2.75% |
2024 | $1,110,495,985,615.17 | 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 |