Men's shirts and sweaters priced at $20 in 2020 $21.56 in 2022

Men's Shirts And Sweaters Inflation Calculator


Prices for Men's Shirts And Sweaters, 2020-2022 ($20)

According to the U.S. Bureau of Labor Statistics, prices for men's shirts and sweaters are 7.81% higher in 2022 versus 2020 (a $1.56 difference in value).

Between 2020 and 2022: Men's shirts and sweaters experienced an average inflation rate of 3.83% per year. This rate of change indicates significant inflation. In other words, men's shirts and sweaters costing $20 in the year 2020 would cost $21.56 in 2022 for an equivalent purchase. Compared to the overall inflation rate of 6.34% during this same period, inflation for men's shirts and sweaters was lower.

In the year 2020: Pricing changed by -7.47%, which is significantly below the average yearly change for men's shirts and sweaters during the 2020-2022 time period. Compared to inflation for all items in 2020 (1.23%), 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 2020

Below are calculations of equivalent buying power for Men's shirts and sweaters, over time, for $20 beginning in 2020. 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 2022 / CPI in 2020 * 2020 USD value = 2022 USD value

Then plug in historical CPI values from above. The CPI for Men's shirts and sweaters was 70.579 in the year 2020 and 76.093 in 2022:

76.093 / 70.579 * $20 = $21.56

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 2020 has the same "purchasing power" as $21.56 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.

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