Boys' and girls' footwear price inflation, 2022→2023

Boys' And Girls' Footwear Inflation Calculator

Prices for Boys' And Girls' Footwear, 2022-2023 ($20)

According to the U.S. Bureau of Labor Statistics, prices for boys' and girls' footwear are 0.74% lower in 2023 versus 2022 (a $0.15 difference in value).

Between 2022 and 2023: Boys' and girls' footwear experienced an average inflation rate of -0.74% per year. In other words, boys' and girls' footwear costing $20 in the year 2022 would cost $19.85 in 2023 for an equivalent purchase. Compared to the overall inflation rate of 2.51% during this same period, inflation for boys' and girls' footwear was significantly lower.

In the year 2022: Pricing changed by 5.78%, which is significantly above the average yearly change for boys' and girls' footwear during the 2022-2023 time period. Compared to inflation for all items in 2022 (8%), inflation for boys' and girls' footwear was lower.

Price Inflation for Boys' and girls' footwear since 1977

Consumer Price Index, U.S. Bureau of Labor Statistics

Years with the largest changes in pricing: 1980 (10.48%), 1979 (8.08%), and 2022 (5.78%).

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Buying power of $20.00 since 2022

Below are calculations of equivalent buying power for Boys' and girls' footwear, over time, for $20 beginning in 2022. Each of the amounts below is equivalent in terms of what it could buy at the time:

Year	USD Value	Inflation Rate
2022	$20.00	5.78%
2023	$19.85	-0.74%*

* 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:

Year	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
CPI	76.200	77.854	84.146	92.962	98.323	99.038	99.700	101.238	102.423	101.977	105.608	111.077	115.500	120.031	121.254	122.338	121.985	125.585	123.531	128.885	131.008	131.362	127.692	123.238	122.392	117.954	118.600	118.608	124.362	123.315	122.418	127.548	133.263	132.604	136.184	137.575	140.445	146.329	150.647	152.288	152.887	152.986	156.884	152.106	156.627	165.683	164.456

Adjust boys' and girls' footwear prices for inflation

Start with the inflation rate formula:

CPI in 2023 / CPI in 2022 * 2022 USD value = 2023 USD value

Then plug in historical CPI values from above. The CPI for Boys' and girls' footwear was 165.683 in the year 2022 and 164.456 in 2023:

164.456 / 165.683 * $20 = $19.85

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 2022 has the same "purchasing power" as $19.85 in 2023 (in the CPI category of Boys' and girls' footwear).

Source: U.S. Bureau of Labor Statistics began tracking the Consumer Price Index for Boys' and girls' footwear in 1977. In addition to boys' and girls' footwear, the index produces monthly data on changes in prices paid by urban consumers for a variety of goods and services.