According to the U.S. Bureau of Labor Statistics, prices for men's shirts and sweaters are 5.37% lower in 2023 versus 2012 (a $1.07 difference in value).
Between 2012 and 2023: Men's shirts and sweaters experienced an average inflation rate of -0.50% per year. In other words, men's shirts and sweaters costing $20 in the year 2012 would cost $18.93 in 2023 for an equivalent purchase. Compared to the overall inflation rate of 2.57% 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 2012-2023 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|
* 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: