Women's footwear price inflation, 2016→2023

Women's Footwear Inflation Calculator

Prices for Women's Footwear, 2016-2023 ($20)

According to the U.S. Bureau of Labor Statistics, prices for women's footwear are 2.32% higher in 2023 versus 2016 (a $0.46 difference in value).

Between 2016 and 2023: Women's footwear experienced an average inflation rate of 0.33% per year. In other words, women's footwear costing $20 in the year 2016 would cost $20.46 in 2023 for an equivalent purchase. Compared to the overall inflation rate of 3.40% during this same period, inflation for women's footwear was significantly lower.

In the year 2016: Pricing changed by -0.22%, which is below the average yearly change for women's footwear during the 2016-2023 time period. Compared to inflation for all items in 2016 (1.26%), inflation for women's footwear was 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%).

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Buying power of $20.00 since 2016

Below are calculations of equivalent buying power for Women's footwear, 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
2016	$20.00	-0.22%
2017	$19.77	-1.15%
2018	$19.42	-1.77%
2019	$19.31	-0.55%
2020	$18.75	-2.92%
2021	$19.36	3.24%
2022	$20.30	4.89%
2023	$20.46	0.79%*

* 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:

Year	1977	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
CPI	79.600	81.746	86.885	92.177	96.800	99.854	99.992	100.169	100.923	98.500	100.946	104.500	109.008	110.600	114.554	119.700	122.008	120.415	119.369	121.031	121.969	123.108	121.508	119.623	120.877	118.985	118.423	118.408	121.854	122.823	122.465	122.562	123.396	125.293	123.661	127.188	130.374	127.972	128.884	128.604	127.125	124.871	124.185	120.559	124.462	130.551	131.586

Adjust women's footwear prices for inflation

Start with the inflation rate formula:

CPI in 2023 / CPI in 2016 * 2016 USD value = 2023 USD value

Then plug in historical CPI values from above. The CPI for Women's footwear was 128.604 in the year 2016 and 131.586 in 2023:

131.586 / 128.604 * $20 = $20.46

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 2016 has the same "purchasing power" as $20.46 in 2023 (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.