According to the U.S. Bureau of Labor Statistics, prices for men's suits, sport coats, and outerwear were 23.95% lower in 2020 versus 2001 (a $4.79 difference in value).
Between 2001 and 2020: Men's suits, sport coats, and outerwear experienced an average inflation rate of -1.43% per year. In other words, men's suits, sport coats, and outerwear costing $20 in the year 2001 would cost $15.21 in 2020 for an equivalent purchase. Compared to the overall inflation rate of 2.00% during this same period, inflation for men's suits, sport coats, and outerwear was significantly lower.
In the year 2001: Pricing changed by -3.35%, which is below the average yearly change for men's suits, sport coats, and outerwear during the 2001-2020 time period. Compared to inflation for all items in 2001 (2.83%), inflation for men's suits, sport coats, and outerwear was much lower.
Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Men's suits, sport coats, and outerwear:
| Year | 1978 | 1979 | 1980 | 1981 | 1982 | 1983 | 1984 | 1985 | 1986 | 1987 | 1988 | 1989 | 1990 | 1991 | 1992 | 1993 | 1994 | 1995 | 1996 | 1997 | 1998 | 1999 | 2000 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 |
| CPI | 91.450 | 90.642 | 92.550 | 95.625 | 98.000 | 100.358 | 101.658 | 103.567 | 106.300 | 111.292 | 115.708 | 121.033 | 126.417 | 131.717 | 132.233 | 136.808 | 136.708 | 133.700 | 134.192 | 135.067 | 137.025 | 135.383 | 132.975 | 128.517 | 128.642 | 126.858 | 125.525 | 126.242 | 121.400 | 120.156 | 120.680 | 114.578 | 116.284 | 115.165 | 117.487 | 118.827 | 115.741 | 112.294 | 111.059 | 109.144 | 105.872 | 108.360 | 97.737 |
Below are calculations of equivalent buying power for Men's suits, sport coats, and outerwear, over time, for $20 beginning in 2001. Each of the amounts below is equivalent in terms of what it could buy at the time:
| Year | USD Value | Inflation Rate |
|---|---|---|
| 2001 | $20.00 | -3.35% |
| 2002 | $20.02 | 0.10% |
| 2003 | $19.74 | -1.39% |
| 2004 | $19.53 | -1.05% |
| 2005 | $19.65 | 0.57% |
| 2006 | $18.89 | -3.84% |
| 2007 | $18.70 | -1.03% |
| 2008 | $18.78 | 0.44% |
| 2009 | $17.83 | -5.06% |
| 2010 | $18.10 | 1.49% |
| 2011 | $17.92 | -0.96% |
| 2012 | $18.28 | 2.02% |
| 2013 | $18.49 | 1.14% |
| 2014 | $18.01 | -2.60% |
| 2015 | $17.48 | -2.98% |
| 2016 | $17.28 | -1.10% |
| 2017 | $16.99 | -1.72% |
| 2018 | $16.48 | -3.00% |
| 2019 | $16.86 | 2.35% |
| 2020 | $15.21 | -9.80%* |