Footwear priced at $20 in 2003 $24.37 in 2024

Footwear Inflation Calculator

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Prices for Footwear, 2003-2024 ($20)

According to the U.S. Bureau of Labor Statistics, prices for footwear are 21.84% higher in 2024 versus 2003 (a $4.37 difference in value).

Between 2003 and 2024: Footwear experienced an average inflation rate of 0.95% per year. In other words, footwear costing $20 in the year 2003 would cost $24.37 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 2.52% during this same period, inflation for footwear was lower.

In the year 2003: Pricing changed by -1.50%, which is below the average yearly change for footwear during the 2003-2024 time period. Compared to inflation for all items in 2003 (2.27%), inflation for footwear was much lower.

Price Inflation for Footwear since 1935

Consumer Price Index, U.S. Bureau of Labor Statistics
Years with the largest changes in pricing: 1947 (24.84%), 1951 (13.10%), and 1942 (12.82%).

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Buying power of $20.00 since 2003

Below are calculations of equivalent buying power for Footwear, over time, for $20 beginning in 2003. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
2003$20.00-1.50%
2004$19.95-0.26%
2005$20.512.82%
2006$20.660.75%
2007$20.47-0.94%
2008$20.771.46%
2009$21.222.17%
2010$21.410.89%
2011$21.490.39%
2012$22.052.61%
2013$22.592.41%
2014$22.660.32%
2015$22.880.99%
2016$22.970.39%
2017$22.86-0.46%
2018$22.76-0.46%
2019$22.870.47%
2020$22.28-2.54%
2021$23.113.70%
2022$24.174.61%
2023$24.230.23%
2024$24.370.57%*

* 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 Footwear:

Year193519361937193819391940194119421943194419451946194719481949195019511952195319541955195619571958195919601961196219631964196519661967196819691970197119721973197419751976197719781979198019811982198319841985198619871988198919901991199219931994199519961997199819992000200120022003200420052006200720082009201020112012201320142015201620172018201920202021202220232024
CPI14.00014.20015.00015.00014.80015.00015.60017.60018.50019.30019.80022.20027.71530.27730.06230.53134.53133.84633.80834.19234.53836.33837.53838.11539.68541.06941.41542.00842.47742.66243.36945.97748.25450.80853.93856.75458.61560.25462.80866.63169.60072.34675.70879.01585.23891.82396.67799.13199.808101.054102.354101.923105.108109.931114.354117.369120.885124.954125.877126.000125.423126.623127.562128.031125.723123.792122.992121.385119.562119.254122.615123.531122.374124.157126.854127.988128.482131.834135.016135.452136.787137.315136.689136.054136.692133.220138.148144.518144.846145.675

Adjust footwear prices for inflation

Start with the inflation rate formula:

CPI in 2024 / CPI in 2003 * 2003 USD value = 2024 USD value

Then plug in historical CPI values from above. The CPI for Footwear was 119.562 in the year 2003 and 145.675 in 2024:

145.675 / 119.562 * $20 = $24.37

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 2003 has the same "purchasing power" as $24.37 in 2024 (in the CPI category of Footwear).


Source: U.S. Bureau of Labor Statistics began tracking the Consumer Price Index for Footwear in 1935. In addition to footwear, the index produces monthly data on changes in prices paid by urban consumers for a variety of goods and services.

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