Men's footwear price inflation, 2018→2023

Men's Footwear Inflation Calculator

Prices for Men's Footwear, 2018-2023 ($20)

According to the U.S. Bureau of Labor Statistics, prices for men's footwear are 5.93% higher in 2023 versus 2018 (a $1.19 difference in value).

Between 2018 and 2023: Men's footwear experienced an average inflation rate of 1.16% per year. In other words, men's footwear costing $20 in the year 2018 would cost $21.19 in 2023 for an equivalent purchase. Compared to the overall inflation rate of 3.86% during this same period, inflation for men's footwear was lower.

In the year 2018: Pricing changed by 0.80%, which is below the average yearly change for men's footwear during the 2018-2023 time period. Compared to inflation for all items in 2018 (2.44%), 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 2018

Below are calculations of equivalent buying power for Men's footwear, over time, for $20 beginning in 2018. Each of the amounts below is equivalent in terms of what it could buy at the time:

Year	USD Value	Inflation Rate
2018	$20.00	0.80%
2019	$20.07	0.35%
2020	$19.71	-1.79%
2021	$20.64	4.71%
2022	$21.38	3.59%
2023	$21.19	-0.90%*

* Not final. See inflation summary for latest details.
** Extended periods of 0% inflation usually indicate incomplete underlying data. This can manifest as a sharp increase in inflation later on.

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	2023
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	149.363	148.016

Adjust men's footwear prices for inflation

Start with the inflation rate formula:

CPI in 2023 / CPI in 2018 * 2018 USD value = 2023 USD value

Then plug in historical CPI values from above. The CPI for Men's footwear was 139.730 in the year 2018 and 148.016 in 2023:

148.016 / 139.730 * $20 = $21.19

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 2018 has the same "purchasing power" as $21.19 in 2023 (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.