Men's shirts and sweaters priced at $20 in 2007 $19.13 in 2023

Men's Shirts And Sweaters Inflation Calculator


Prices for Men's Shirts And Sweaters, 2007-2023 ($20)

According to the U.S. Bureau of Labor Statistics, prices for men's shirts and sweaters are 4.36% lower in 2023 versus 2007 (a $0.87 difference in value).

Between 2007 and 2023: Men's shirts and sweaters experienced an average inflation rate of -0.28% per year. In other words, men's shirts and sweaters costing $20 in the year 2007 would cost $19.13 in 2023 for an equivalent purchase. Compared to the overall inflation rate of 2.36% during this same period, inflation for men's shirts and sweaters was lower.

In the year 2007: Pricing changed by -2.54%, which is below the average yearly change for men's shirts and sweaters during the 2007-2023 time period. Compared to inflation for all items in 2007 (2.85%), 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 (6.98%), and 2002 (-5.43%).

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Buying power of $20.00 since 2007

Below are calculations of equivalent buying power for Men's shirts and sweaters, over time, for $20 beginning in 2007. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate

* 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:


Adjust men's shirts and sweaters prices for inflation

Start with the inflation rate formula:

CPI in 2023 / CPI in 2007 * 2007 USD value = 2023 USD value

Then plug in historical CPI values from above. The CPI for Men's shirts and sweaters was 82.530 in the year 2007 and 78.933 in 2023:

78.933 / 82.530 * $20 = $19.13

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 2007 has the same "purchasing power" as $19.13 in 2023 (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.

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