According to the U.S. Bureau of Labor Statistics, prices for boys' and girls' footwear are 9.94% higher in 2023 versus 2020 (a $1.99 difference in value).
Between 2020 and 2023: Boys' and girls' footwear experienced an average inflation rate of 3.21% per year. This rate of change indicates significant inflation. In other words, boys' and girls' footwear costing $20 in the year 2020 would cost $21.99 in 2023 for an equivalent purchase. Compared to the overall inflation rate of 5.54% during this same period, inflation for boys' and girls' footwear was lower.
In the year 2020: Pricing changed by -3.05%, which is significantly below the average yearly change for boys' and girls' footwear during the 2020-2023 time period. Compared to inflation for all items in 2020 (1.23%), inflation for boys' and girls' footwear was much lower.
Below are calculations of equivalent buying power for Boys' and girls' footwear, over time, for $20 beginning in 2020. Each of the amounts below is equivalent in terms of what it could buy at the time:
|Year||USD Value||Inflation Rate|
* 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 Boys' and girls' footwear: