According to the U.S. Bureau of Labor Statistics, prices for men's shirts and sweaters were 11.34% lower in 2020 versus 2016 (a $2.27 difference in value).
Between 2016 and 2020: Men's shirts and sweaters experienced an average inflation rate of -2.96% per year. This rate of change indicates significant deflation. In other words, men's shirts and sweaters costing $20 in the year 2016 would cost $17.73 in 2020 for an equivalent purchase. Compared to the overall inflation rate of 1.87% during this same period, inflation for men's shirts and sweaters was significantly lower.
In the year 2016: Pricing changed by 0.10%, which is significantly above the average yearly change for men's shirts and sweaters during the 2016-2020 time period. Compared to inflation for all items in 2016 (1.26%), inflation for men's shirts and sweaters was lower.
Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Men's shirts and sweaters:
Below are calculations of equivalent buying power for Men's shirts and sweaters, over time, for $20 beginning in 2016. Each of the amounts below is equivalent in terms of what it could buy at the time:
|Year||USD Value||Inflation Rate|