According to the U.S. Bureau of Labor Statistics, prices for men's footwear are 7.91% higher in 2022 versus 2014 (a $1.58 difference in value).
Between 2014 and 2022: Men's footwear experienced an average inflation rate of 0.96% per year. In other words, men's footwear costing $20 in the year 2014 would cost $21.58 in 2022 for an equivalent purchase. Compared to the overall inflation rate of 2.36% during this same period, inflation for men's footwear was lower.
In the year 2014: Pricing changed by 0.93%, which is below the average yearly change for men's footwear during the 2014-2022 time period. Compared to inflation for all items in 2014 (1.62%), inflation for men's footwear was lower.
Below are calculations of equivalent buying power for Men's footwear, over time, for $20 beginning in 2014. 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: