Men's shirts and sweaters priced at $20 in 1999 $15.48 in 2022

Men's Shirts And Sweaters Inflation Calculator

$

Prices for Men's Shirts And Sweaters, 1999-2022 ($20)

According to the U.S. Bureau of Labor Statistics, prices for men's shirts and sweaters are 22.59% lower in 2022 versus 1999 (a $4.52 difference in value).

Between 1999 and 2022: Men's shirts and sweaters experienced an average inflation rate of -1.11% per year. In other words, men's shirts and sweaters costing $20 in the year 1999 would cost $15.48 in 2022 for an equivalent purchase. Compared to the overall inflation rate of 2.47% during this same period, inflation for men's shirts and sweaters was significantly lower.

In the year 1999: Pricing changed by -1.40%, which is below the average yearly change for men's shirts and sweaters during the 1999-2022 time period. Compared to inflation for all items in 1999 (2.19%), inflation for men's shirts and sweaters was much lower.

Price Inflation for Men's shirts and sweaters since 1997

Consumer Price Index, U.S. Bureau of Labor Statistics
Years with the largest changes in pricing: 2020 (-7.47%), 2022 (7.27%), and 2002 (-5.43%).

View price changes for other categories
Electricity · Rent of primary residence · New trucks · Dental services · More

Buying power of $20.00 since 1999

Below are calculations of equivalent buying power for Men's shirts and sweaters, over time, for $20 beginning in 1999. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1999$20.00-1.40%
2000$19.95-0.25%
2001$19.06-4.47%
2002$18.02-5.43%
2003$17.29-4.10%
2004$17.300.11%
2005$17.09-1.24%
2006$17.180.53%
2007$16.75-2.54%
2008$16.32-2.53%
2009$16.430.65%
2010$15.96-2.87%
2011$16.151.20%
2012$16.683.32%
2013$16.820.79%
2014$16.43-2.30%
2015$16.13-1.83%
2016$16.140.07%
2017$15.94-1.22%
2018$15.86-0.52%
2019$15.48-2.42%
2020$14.32-7.47%
2021$14.430.77%
2022$15.487.27%*

* 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 shirts and sweaters:

Year19971998199920002001200220032004200520062007200820092010201120122013201420152016201720182019202020212022
CPI100.00099.96998.56998.32393.93188.83185.19285.28584.23184.67782.53080.44480.96878.64279.58382.22482.87680.97379.48779.54278.57578.16976.27870.57971.12676.299

Adjust men's shirts and sweaters prices for inflation

Start with the inflation rate formula:

CPI in 2022 / CPI in 1999 * 1999 USD value = 2022 USD value

Then plug in historical CPI values from above. The CPI for Men's shirts and sweaters was 98.569 in the year 1999 and 76.299 in 2022:

76.299 / 98.569 * $20 = $15.48

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 1999 has the same "purchasing power" as $15.48 in 2022 (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 1997. 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.