Men's shirts and sweaters priced at $20 in 1998 $15.27 in 2019

Men's Shirts And Sweaters Inflation Calculator

$

Prices for Men's Shirts And Sweaters, 1998-2019 ($20)

According to the U.S. Bureau of Labor Statistics, prices for men's shirts and sweaters were 23.66% lower in 2019 versus 1998 (a $4.73 difference in value).

Between 1998 and 2019: Men's shirts and sweaters experienced an average inflation rate of -1.28% per year. In other words, men's shirts and sweaters costing $20 in the year 1998 would cost $15.27 in 2019 for an equivalent purchase. Compared to the overall inflation rate of 2.17% during this same period, inflation for men's shirts and sweaters was significantly lower.

Price Inflation for Men's shirts and sweaters since 1998

Consumer Price Index, U.S. Bureau of Labor Statistics
Years with the largest changes in pricing: 2002 (-5.41%), 2001 (-4.43%), and 2003 (-4.08%).

Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Men's shirts and sweaters:

Year 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
CPI 99.983 98.558 98.267 93.917 88.833 85.208 85.367 84.292 84.675 82.538 80.425 80.954 78.630 79.568 82.246 82.918 81.048 79.563 79.627 78.662 78.201 76.323

View price changes for other categories
Bananas · Rent of primary residence · San Diego, California · Airline fares · More

Buying power of $20 since 1998

Below are calculations of equivalent buying power for Men's shirts and sweaters, over time, for $20 beginning in 1998. Each of the amounts below is equivalent in terms of what it could buy at the time:

Year USD Value Inflation Rate
1998 $20.00 -
1999 $19.71 -1.43%
2000 $19.66 -0.30%
2001 $18.79 -4.43%
2002 $17.77 -5.41%
2003 $17.04 -4.08%
2004 $17.08 0.19%
2005 $16.86 -1.26%
2006 $16.94 0.45%
2007 $16.51 -2.52%
2008 $16.09 -2.56%
2009 $16.19 0.66%
2010 $15.73 -2.87%
2011 $15.92 1.19%
2012 $16.45 3.37%
2013 $16.59 0.82%
2014 $16.21 -2.26%
2015 $15.92 -1.83%
2016 $15.93 0.08%
2017 $15.74 -1.21%
2018 $15.64 -0.59%
2019 $15.27 -2.40%*
* Not final. See inflation summary for latest details.

How to calculate the inflation rate for men's shirts and sweaters, 1998-2019

Start with the inflation rate formula:

CPI in 2019 / CPI in 1998 * 1998 USD value = 2019 USD value

Then plug in historical CPI values from above. The CPI for Men's shirts and sweaters was 99.983 in the year 1998 and 76.323 in 2019:

76.323 / 99.983 * $20 = $15.27

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 1998 has the same "purchasing power" as $15.27 in 2019 (in the CPI category of Men's shirts and sweaters).


Source: U.S. Bureau of Labor Statistics began tracking the Consumer Price Index for Men's shirts and sweaters in 1998. In addition to men's shirts and sweaters, the index produces monthly data on changes in prices paid by urban consumers for a variety of goods and services.

» Read more about inflation and investment.