Men's footwear price inflation, 2002→2022

Men's Footwear Inflation Calculator

Prices for Men's Footwear, 2002-2022 ($20)

According to the U.S. Bureau of Labor Statistics, prices for men's footwear are 18.64% higher in 2022 versus 2002 (a $3.73 difference in value).

Between 2002 and 2022: Men's footwear experienced an average inflation rate of 0.86% per year. In other words, men's footwear costing $20 in the year 2002 would cost $23.73 in 2022 for an equivalent purchase. Compared to the overall inflation rate of 2.39% during this same period, inflation for men's footwear was lower.

In the year 2002: Pricing changed by 0.25%, which is below the average yearly change for men's footwear during the 2002-2022 time period. Compared to inflation for all items in 2002 (1.59%), inflation for men's footwear was lower.

Price Inflation for Men's footwear since 1977

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

Years with the largest changes in pricing: 1979 (9.70%), 1980 (7.61%), and 1988 (5.90%).

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Buying power of $20.00 since 2002

Below are calculations of equivalent buying power for Men's footwear, over time, for $20 beginning in 2002. Each of the amounts below is equivalent in terms of what it could buy at the time:

Year	USD Value	Inflation Rate
2002	$20.00	0.25%
2003	$19.16	-4.18%
2004	$19.02	-0.78%
2005	$19.27	1.34%
2006	$19.61	1.76%
2007	$19.20	-2.10%
2008	$19.52	1.70%
2009	$20.08	2.84%
2010	$20.26	0.89%
2011	$20.52	1.28%
2012	$21.19	3.28%
2013	$21.72	2.51%
2014	$21.92	0.93%
2015	$21.89	-0.12%
2016	$22.04	0.68%
2017	$22.01	-0.13%
2018	$22.19	0.80%
2019	$22.27	0.35%
2020	$21.87	-1.79%
2021	$22.90	4.71%
2022	$23.73	3.62%*

* Not final. See inflation summary for latest details.

Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Men's 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
CPI	74.600	76.677	84.115	90.515	95.215	98.392	99.631	101.954	103.923	105.938	109.692	116.169	120.323	124.531	128.869	133.138	132.669	133.200	134.415	132.000	132.100	131.823	129.538	129.477	125.615	125.931	120.669	119.731	121.338	123.477	120.879	122.932	126.425	127.556	129.191	133.423	136.765	138.033	137.860	138.799	138.617	139.730	140.218	137.702	144.187	149.410

Adjust men's footwear prices for inflation

Start with the inflation rate formula:

CPI in 2022 / CPI in 2002 * 2002 USD value = 2022 USD value

Then plug in historical CPI values from above. The CPI for Men's footwear was 125.931 in the year 2002 and 149.410 in 2022:

149.410 / 125.931 * $20 = $23.73

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 2002 has the same "purchasing power" as $23.73 in 2022 (in the CPI category of Men's footwear).

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