According to the U.S. Bureau of Labor Statistics, prices for men's suits, sport coats, and outerwear are 24.83% lower in 2024 versus 2002 (a $4.97 difference in value).
Between 2002 and 2024: Men's suits, sport coats, and outerwear experienced an average inflation rate of -1.29% per year. In other words, men's suits, sport coats, and outerwear costing $20 in the year 2002 would cost $15.03 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 2.55% during this same period, inflation for men's suits, sport coats, and outerwear was significantly lower.
In the year 2002: Pricing changed by 0.08%, which is above the average yearly change for men's suits, sport coats, and outerwear during the 2002-2024 time period. Compared to inflation for all items in 2002 (1.59%), inflation for men's suits, sport coats, and outerwear was lower.
Below are calculations of equivalent buying power for Men's suits, sport coats, and outerwear, over time, for $20 beginning in 2002. Each of the amounts below is equivalent in terms of what it could buy at the time:
| Year | USD Value | Inflation Rate |
|---|---|---|
| 2002 | $20.00 | 0.08% |
| 2003 | $19.73 | -1.37% |
| 2004 | $19.52 | -1.07% |
| 2005 | $19.63 | 0.59% |
| 2006 | $18.88 | -3.83% |
| 2007 | $18.69 | -1.00% |
| 2008 | $18.76 | 0.40% |
| 2009 | $17.81 | -5.09% |
| 2010 | $18.07 | 1.46% |
| 2011 | $17.89 | -0.99% |
| 2012 | $18.25 | 2.01% |
| 2013 | $18.46 | 1.17% |
| 2014 | $18.00 | -2.52% |
| 2015 | $17.46 | -2.97% |
| 2016 | $17.27 | -1.10% |
| 2017 | $16.97 | -1.73% |
| 2018 | $16.46 | -3.02% |
| 2019 | $16.85 | 2.40% |
| 2020 | $14.65 | -13.06% |
| 2021 | $14.17 | -3.28% |
| 2022 | $16.17 | 14.06% |
| 2023 | $16.03 | -0.83% |
| 2024 | $15.03 | -6.21%* |
* 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 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 | 2021 | 2022 | 2023 | 2024 |
| CPI | 91.454 | 90.669 | 92.562 | 95.669 | 98.000 | 100.338 | 101.646 | 103.554 | 106.308 | 111.308 | 115.731 | 121.023 | 126.415 | 131.723 | 132.231 | 136.823 | 136.677 | 133.615 | 134.108 | 135.038 | 137.015 | 135.423 | 133.008 | 128.531 | 128.638 | 126.877 | 125.523 | 126.262 | 121.431 | 120.212 | 120.694 | 114.545 | 116.218 | 115.062 | 117.380 | 118.757 | 115.763 | 112.327 | 111.094 | 109.168 | 105.867 | 108.403 | 94.247 | 91.154 | 103.972 | 103.106 | 96.703 |