According to the U.S. Bureau of Labor Statistics, prices for men's footwear were 2.94% higher in 2021 versus 2020 (a $0.59 difference in value).
Between 2020 and 2021: Men's footwear experienced an average inflation rate of 2.94% per year. This rate of change indicates significant inflation. In other words, men's footwear costing $20 in the year 2020 would cost $20.59 in 2021 for an equivalent purchase. Compared to the overall inflation rate of 1.68% during this same period, inflation for men's footwear was higher.
In the year 2020: Pricing changed by -1.79%, which is significantly below the average yearly change for men's footwear during the 2020-2021 time period. Compared to inflation for all items in 2020 (1.23%), inflation for men's footwear was much lower.
Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Men's footwear:
Below are calculations of equivalent buying power for Men's footwear, over time, for $20 beginning in 2020. Each of the amounts below is equivalent in terms of what it could buy at the time:
|Year||USD Value||Inflation Rate|