According to the U.S. Bureau of Labor Statistics, prices for men's shirts and sweaters are 18.08% lower in 2024 versus 1997 (a $3.62 difference in value).
Between 1997 and 2024: Men's shirts and sweaters experienced an average inflation rate of -0.74% per year. In other words, men's shirts and sweaters costing $20 in the year 1997 would cost $16.38 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 2.51% during this same period, inflation for men's shirts and sweaters was significantly lower.
Below are calculations of equivalent buying power for Men's shirts and sweaters, over time, for $20 beginning in 1997. Each of the amounts below is equivalent in terms of what it could buy at the time:
| Year | USD Value | Inflation Rate |
|---|---|---|
| 1997 | $20.00 | - |
| 1998 | $19.99 | -0.03% |
| 1999 | $19.71 | -1.40% |
| 2000 | $19.66 | -0.25% |
| 2001 | $18.79 | -4.47% |
| 2002 | $17.77 | -5.43% |
| 2003 | $17.04 | -4.10% |
| 2004 | $17.06 | 0.11% |
| 2005 | $16.85 | -1.24% |
| 2006 | $16.94 | 0.53% |
| 2007 | $16.51 | -2.54% |
| 2008 | $16.09 | -2.53% |
| 2009 | $16.19 | 0.65% |
| 2010 | $15.73 | -2.87% |
| 2011 | $15.92 | 1.20% |
| 2012 | $16.44 | 3.32% |
| 2013 | $16.58 | 0.79% |
| 2014 | $16.19 | -2.30% |
| 2015 | $15.90 | -1.83% |
| 2016 | $15.91 | 0.07% |
| 2017 | $15.71 | -1.22% |
| 2018 | $15.63 | -0.52% |
| 2019 | $15.26 | -2.42% |
| 2020 | $14.12 | -7.47% |
| 2021 | $14.23 | 0.77% |
| 2022 | $15.22 | 6.98% |
| 2023 | $15.71 | 3.20% |
| 2024 | $16.38 | 4.32%* |
* 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 shirts and sweaters:
| 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 | 99.969 | 98.569 | 98.323 | 93.931 | 88.831 | 85.192 | 85.285 | 84.231 | 84.677 | 82.530 | 80.444 | 80.968 | 78.642 | 79.583 | 82.224 | 82.876 | 80.973 | 79.487 | 79.542 | 78.575 | 78.169 | 76.278 | 70.579 | 71.126 | 76.093 | 78.529 | 81.923 |