According to the U.S. Bureau of Labor Statistics, prices for men's footwear were 12.57% higher in 2021 versus 2002 (a $2.51 difference in value).
Between 2002 and 2021: Men's footwear experienced an average inflation rate of 0.62% per year. In other words, men's footwear costing $20 in the year 2002 would cost $22.51 in 2021 for an equivalent purchase. Compared to the overall inflation rate of 2.02% 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 2002-2021 time period. Compared to inflation for all items in 2002 (1.59%), inflation for men's footwear was lower.
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 |
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 | 141.754 |
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 | $22.51 | 2.94%* |