According to the U.S. Bureau of Labor Statistics, prices for men's footwear are 6.93% higher in 2022 versus 2018 (a $1.39 difference in value).
Between 2018 and 2022: Men's footwear experienced an average inflation rate of 1.69% per year. In other words, men's footwear costing $20 in the year 2018 would cost $21.39 in 2022 for an equivalent purchase. Compared to the overall inflation rate of 3.62% 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 2018-2022 time period. Compared to inflation for all items in 2018 (2.44%), inflation for men's footwear was lower.
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|
Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Men's footwear: