According to the U.S. Bureau of Labor Statistics, prices for men's footwear are 9.25% higher in 2022 versus 2013 (a $1.85 difference in value).
Between 2013 and 2022: Men's footwear experienced an average inflation rate of 0.99% per year. In other words, men's footwear costing $20 in the year 2013 would cost $21.85 in 2022 for an equivalent purchase. Compared to the overall inflation rate of 2.40% during this same period, inflation for men's footwear was lower.
In the year 2013: Pricing changed by 2.51%, which is above the average yearly change for men's footwear during the 2013-2022 time period. Compared to inflation for all items in 2013 (1.46%), inflation for men's footwear was higher.
Below are calculations of equivalent buying power for Men's footwear, over time, for $20 beginning in 2013. Each of the amounts below is equivalent in terms of what it could buy at the time:
|Year||USD Value||Inflation Rate|
Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Men's footwear: