According to the U.S. Bureau of Labor Statistics, prices for women's suits and separates are 9.67% higher in 2024 versus 2020 (a $1.93 difference in value).
Between 2020 and 2024: Women's suits and separates experienced an average inflation rate of 2.33% per year. This rate of change indicates significant inflation. In other words, women's suits and separates costing $20 in the year 2020 would cost $21.93 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 4.89% during this same period, inflation for women's suits and separates was lower.
In the year 2020: Pricing changed by -8.03%, which is significantly below the average yearly change for women's suits and separates during the 2020-2024 time period. Compared to inflation for all items in 2020 (1.23%), inflation for women's suits and separates was much lower.
Below are calculations of equivalent buying power for Women's suits and separates, over time, for $20 beginning in 2020. Each of the amounts below is equivalent in terms of what it could buy at the time:
| Year | USD Value | Inflation Rate |
|---|---|---|
| 2020 | $20.00 | -8.03% |
| 2021 | $20.05 | 0.24% |
| 2022 | $21.12 | 5.35% |
| 2023 | $21.67 | 2.62% |
| 2024 | $21.93 | 1.20%* |
* 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 suits and separates:
| Year | 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 | 100.000 | 100.962 | 99.215 | 98.185 | 95.815 | 91.392 | 88.115 | 89.792 | 87.315 | 88.223 | 88.921 | 85.679 | 84.864 | 83.892 | 84.170 | 86.633 | 86.746 | 85.263 | 81.785 | 81.537 | 80.117 | 79.056 | 75.526 | 69.463 | 69.633 | 73.359 | 75.277 | 76.179 |