According to the U.S. Bureau of Labor Statistics, prices for men's shirts and sweaters are 7.40% lower in 2022 versus 2012 (a $1.48 difference in value).
Between 2012 and 2022: Men's shirts and sweaters experienced an average inflation rate of -0.77% per year. In other words, men's shirts and sweaters costing $20 in the year 2012 would cost $18.52 in 2022 for an equivalent purchase. Compared to the overall inflation rate of 2.34% during this same period, inflation for men's shirts and sweaters was significantly lower.
In the year 2012: Pricing changed by 3.32%, which is significantly above the average yearly change for men's shirts and sweaters during the 2012-2022 time period. Compared to inflation for all items in 2012 (2.07%), inflation for men's shirts and sweaters was higher.
Below are calculations of equivalent buying power for Men's shirts and sweaters, over time, for $20 beginning in 2012. 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 shirts and sweaters: