Men's suits, sport coats, and outerwear priced at $20 in 1978 $20.61 in 2020

Men's Suits, Sport Coats, And Outerwear Inflation Calculator

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Prices for Men's Suits, Sport Coats, And Outerwear, 1978-2020 ($20)

According to the U.S. Bureau of Labor Statistics, prices for men's suits, sport coats, and outerwear were 3.05% higher in 2020 versus 1978 (a $0.61 difference in value).

Between 1978 and 2020: Men's suits, sport coats, and outerwear experienced an average inflation rate of 0.07% per year. In other words, men's suits, sport coats, and outerwear costing $20 in the year 1978 would cost $20.61 in 2020 for an equivalent purchase. Compared to the overall inflation rate of 3.34% during this same period, inflation for men's suits, sport coats, and outerwear was significantly lower.

Price Inflation for Men's suits, sport coats, and outerwear since 1978

Consumer Price Index, U.S. Bureau of Labor Statistics
Years with the largest changes in pricing: 2020 (-13.06%), 2009 (-5.09%), and 1987 (4.70%).

Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Men's suits, sport coats, and outerwear:

Year 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
CPI 91.454 90.669 92.562 95.669 98.000 100.338 101.646 103.554 106.308 111.308 115.731 121.023 126.415 131.723 132.231 136.823 136.677 133.615 134.108 135.038 137.015 135.423 133.008 128.531 128.638 126.877 125.523 126.262 121.431 120.212 120.694 114.545 116.218 115.062 117.380 118.757 115.763 112.327 111.094 109.168 105.867 108.403 94.247

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Buying power of $20 since 1978

Below are calculations of equivalent buying power for Men's suits, sport coats, and outerwear, over time, for $20 beginning in 1978. Each of the amounts below is equivalent in terms of what it could buy at the time:

Year USD Value Inflation Rate
1978 $20.00 -
1979 $19.83 -0.86%
1980 $20.24 2.09%
1981 $20.92 3.36%
1982 $21.43 2.44%
1983 $21.94 2.39%
1984 $22.23 1.30%
1985 $22.65 1.88%
1986 $23.25 2.66%
1987 $24.34 4.70%
1988 $25.31 3.97%
1989 $26.47 4.57%
1990 $27.65 4.46%
1991 $28.81 4.20%
1992 $28.92 0.39%
1993 $29.92 3.47%
1994 $29.89 -0.11%
1995 $29.22 -2.24%
1996 $29.33 0.37%
1997 $29.53 0.69%
1998 $29.96 1.46%
1999 $29.62 -1.16%
2000 $29.09 -1.78%
2001 $28.11 -3.37%
2002 $28.13 0.08%
2003 $27.75 -1.37%
2004 $27.45 -1.07%
2005 $27.61 0.59%
2006 $26.56 -3.83%
2007 $26.29 -1.00%
2008 $26.39 0.40%
2009 $25.05 -5.09%
2010 $25.42 1.46%
2011 $25.16 -0.99%
2012 $25.67 2.01%
2013 $25.97 1.17%
2014 $25.32 -2.52%
2015 $24.56 -2.97%
2016 $24.30 -1.10%
2017 $23.87 -1.73%
2018 $23.15 -3.02%
2019 $23.71 2.40%
2020 $20.61 -13.06%*
* Not final. See inflation summary for latest details.

How to calculate the inflation rate for men's suits, sport coats, and outerwear, 1978-2020

Start with the inflation rate formula:

CPI in 2020 / CPI in 1978 * 1978 USD value = 2020 USD value

Then plug in historical CPI values from above. The CPI for Men's suits, sport coats, and outerwear was 91.454 in the year 1978 and 94.247 in 2020:

94.247 / 91.454 * $20 = $20.61

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 1978 has the same "purchasing power" as $20.61 in 2020 (in the CPI category of Men's suits, sport coats, and outerwear).


Source: U.S. Bureau of Labor Statistics began tracking the Consumer Price Index for Men's suits, sport coats, and outerwear in 1978. In addition to men's suits, sport coats, and outerwear, the index produces monthly data on changes in prices paid by urban consumers for a variety of goods and services.

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