Men's footwear priced at $20 in 2002 $23.73 in 2022

Men's Footwear Inflation Calculator

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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:

YearUSD ValueInflation Rate
2002$20.000.25%
2003$19.16-4.18%
2004$19.02-0.78%
2005$19.271.34%
2006$19.611.76%
2007$19.20-2.10%
2008$19.521.70%
2009$20.082.84%
2010$20.260.89%
2011$20.521.28%
2012$21.193.28%
2013$21.722.51%
2014$21.920.93%
2015$21.89-0.12%
2016$22.040.68%
2017$22.01-0.13%
2018$22.190.80%
2019$22.270.35%
2020$21.87-1.79%
2021$22.904.71%
2022$23.733.62%*
* Not final. See inflation summary for latest details.

Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Men's footwear:

Year1977197819791980198119821983198419851986198719881989199019911992199319941995199619971998199920002001200220032004200520062007200820092010201120122013201420152016201720182019202020212022
CPI74.60076.67784.11590.51595.21598.39299.631101.954103.923105.938109.692116.169120.323124.531128.869133.138132.669133.200134.415132.000132.100131.823129.538129.477125.615125.931120.669119.731121.338123.477120.879122.932126.425127.556129.191133.423136.765138.033137.860138.799138.617139.730140.218137.702144.187149.410

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.

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