Men's footwear priced at $20 in 1977 $40.58 in 2024

Men's Footwear Inflation Calculator

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Prices for Men's Footwear, 1977-2024 ($20)

According to the U.S. Bureau of Labor Statistics, prices for men's footwear are 102.90% higher in 2024 versus 1977 (a $20.58 difference in value).

Between 1977 and 2024: Men's footwear experienced an average inflation rate of 1.52% per year. In other words, men's footwear costing $20 in the year 1977 would cost $40.58 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 3.54% during this same period, inflation for men's footwear was lower.

Price Inflation for Men's footwear since 1977

Consumer Price Index, U.S. Bureau of Labor Statistics
Years with the largest changes in pricing: 1979 (9.70%), 1980 (7.61%), and 1988 (5.90%).

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Buying power of $20.00 since 1977

Below are calculations of equivalent buying power for Men's footwear, over time, for $20 beginning in 1977. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1977$20.00-
1978$20.562.78%
1979$22.559.70%
1980$24.277.61%
1981$25.535.19%
1982$26.383.34%
1983$26.711.26%
1984$27.332.33%
1985$27.861.93%
1986$28.401.94%
1987$29.413.54%
1988$31.145.90%
1989$32.263.58%
1990$33.393.50%
1991$34.553.48%
1992$35.693.31%
1993$35.57-0.35%
1994$35.710.40%
1995$36.040.91%
1996$35.39-1.80%
1997$35.420.08%
1998$35.34-0.21%
1999$34.73-1.73%
2000$34.71-0.05%
2001$33.68-2.98%
2002$33.760.25%
2003$32.35-4.18%
2004$32.10-0.78%
2005$32.531.34%
2006$33.101.76%
2007$32.41-2.10%
2008$32.961.70%
2009$33.892.84%
2010$34.200.89%
2011$34.641.28%
2012$35.773.28%
2013$36.672.51%
2014$37.010.93%
2015$36.96-0.12%
2016$37.210.68%
2017$37.16-0.13%
2018$37.460.80%
2019$37.590.35%
2020$36.92-1.79%
2021$38.664.71%
2022$40.043.59%
2023$39.85-0.49%
2024$40.581.84%*

* 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 footwear:

Year197719781979198019811982198319841985198619871988198919901991199219931994199519961997199819992000200120022003200420052006200720082009201020112012201320142015201620172018201920202021202220232024
CPI74.60076.67784.11590.51595.21598.39299.631101.954103.923105.938109.692116.169120.323124.531128.869133.138132.669133.200134.415132.000132.100131.823129.538129.477125.615125.931120.669119.731121.338123.477120.879122.932126.425127.556129.191133.423136.765138.033137.860138.799138.617139.730140.218137.702144.187149.363148.633151.363

Adjust men's footwear prices for inflation

Start with the inflation rate formula:

CPI in 2024 / CPI in 1977 * 1977 USD value = 2024 USD value

Then plug in historical CPI values from above. The CPI for Men's footwear was 74.600 in the year 1977 and 151.363 in 2024:

151.363 / 74.600 * $20 = $40.58

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 1977 has the same "purchasing power" as $40.58 in 2024 (in the CPI category of Men's footwear).


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

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