Women's footwear priced at $20 in 1994 $21.97 in 2024

Women's Footwear Inflation Calculator

$

Prices for Women's Footwear, 1994-2024 ($20)

According to the U.S. Bureau of Labor Statistics, prices for women's footwear are 9.84% higher in 2024 versus 1994 (a $1.97 difference in value).

Between 1994 and 2024: Women's footwear experienced an average inflation rate of 0.31% per year. In other words, women's footwear costing $20 in the year 1994 would cost $21.97 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 2.53% during this same period, inflation for women's footwear was lower.

In the year 1994: Pricing changed by -1.31%, which is below the average yearly change for women's footwear during the 1994-2024 time period. Compared to inflation for all items in 1994 (2.60%), inflation for women's footwear was much lower.

Price Inflation for Women's footwear since 1977

Consumer Price Index, U.S. Bureau of Labor Statistics
Years with the largest changes in pricing: 1979 (6.29%), 1980 (6.09%), and 1981 (5.02%).

View price changes for other categories
Bread · Admission to sporting events · Philadelphia, Pennsylvania · Wine at home · More

Buying power of $20.00 since 1994

Below are calculations of equivalent buying power for Women's footwear, over time, for $20 beginning in 1994. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1994$20.00-1.31%
1995$19.83-0.87%
1996$20.101.39%
1997$20.260.78%
1998$20.450.93%
1999$20.18-1.30%
2000$19.87-1.55%
2001$20.081.05%
2002$19.76-1.57%
2003$19.67-0.47%
2004$19.67-0.01%
2005$20.242.91%
2006$20.400.80%
2007$20.34-0.29%
2008$20.360.08%
2009$20.500.68%
2010$20.811.54%
2011$20.54-1.30%
2012$21.122.85%
2013$21.652.51%
2014$21.26-1.84%
2015$21.410.71%
2016$21.36-0.22%
2017$21.11-1.15%
2018$20.74-1.77%
2019$20.63-0.55%
2020$20.02-2.92%
2021$20.673.24%
2022$21.684.89%
2023$21.911.05%
2024$21.970.26%*

* 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 Women's footwear:

Year197719781979198019811982198319841985198619871988198919901991199219931994199519961997199819992000200120022003200420052006200720082009201020112012201320142015201620172018201920202021202220232024
CPI79.60081.74686.88592.17796.80099.85499.992100.169100.92398.500100.946104.500109.008110.600114.554119.700122.008120.415119.369121.031121.969123.108121.508119.623120.877118.985118.423118.408121.854122.823122.465122.562123.396125.293123.661127.188130.374127.972128.884128.604127.125124.871124.185120.559124.462130.551131.923132.265

Adjust women's footwear prices for inflation

Start with the inflation rate formula:

CPI in 2024 / CPI in 1994 * 1994 USD value = 2024 USD value

Then plug in historical CPI values from above. The CPI for Women's footwear was 120.415 in the year 1994 and 132.265 in 2024:

132.265 / 120.415 * $20 = $21.97

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 1994 has the same "purchasing power" as $21.97 in 2024 (in the CPI category of Women's footwear).


Source: U.S. Bureau of Labor Statistics began tracking the Consumer Price Index for Women's footwear in 1977. In addition to women's footwear, the index produces monthly data on changes in prices paid by urban consumers for a variety of goods and services.

» Read more about inflation and investment.