Men's suits, sport coats, and outerwear price history from 2000 through 2019

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

Prices for Men's Suits, Sport Coats, And Outerwear, 2000-2019 ($20)

According to the U.S. Bureau of Labor Statistics, prices for men's suits, sport coats, and outerwear were 18.27% lower in 2019 versus 2000 (a $3.65 difference in value).

Between 2000 and 2019: Men's suits, sport coats, and outerwear experienced an average inflation rate of -1.06% per year. In other words, men's suits, sport coats, and outerwear costing $20 in the year 2000 would cost $16.35 in 2019 for an equivalent purchase. Compared to the overall inflation rate of 2.09% during this same period, inflation for men's suits, sport coats, and outerwear was significantly lower.

In the year 2000: Pricing changed by -1.78%, which is below the average yearly change for men's suits, sport coats, and outerwear during the 2000-2019 time period. Compared to inflation for all items in 2000 (3.38%), inflation for men's suits, sport coats, and outerwear was much 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: 2009 (-5.06%), 1987 (4.70%), and 1989 (4.60%).

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
CPI	91.450	90.642	92.550	95.625	98.000	100.358	101.658	103.567	106.300	111.292	115.708	121.033	126.417	131.717	132.233	136.808	136.708	133.700	134.192	135.067	137.025	135.383	132.975	128.517	128.642	126.858	125.525	126.242	121.400	120.156	120.680	114.578	116.284	115.165	117.487	118.827	115.741	112.306	111.062	109.136	105.856	108.684

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Buying power of $20 since 2000

Below are calculations of equivalent buying power for Men's suits, sport coats, and outerwear, over time, for $20 beginning in 2000. Each of the amounts below is equivalent in terms of what it could buy at the time:

Year	USD Value	Inflation Rate
2000	$20.00	-1.78%
2001	$19.33	-3.35%
2002	$19.35	0.10%
2003	$19.08	-1.39%
2004	$18.88	-1.05%
2005	$18.99	0.57%
2006	$18.26	-3.84%
2007	$18.07	-1.03%
2008	$18.15	0.44%
2009	$17.23	-5.06%
2010	$17.49	1.49%
2011	$17.32	-0.96%
2012	$17.67	2.02%
2013	$17.87	1.14%
2014	$17.41	-2.60%
2015	$16.89	-2.97%
2016	$16.70	-1.11%
2017	$16.41	-1.73%
2018	$15.92	-3.00%
2019	$16.35	2.67%*

* Not final. See inflation summary for latest details.

How to calculate the inflation rate for men's suits, sport coats, and outerwear, 2000-2019

Start with the inflation rate formula:

CPI in 2019 / CPI in 2000 * 2000 USD value = 2019 USD value

Then plug in historical CPI values from above. The CPI for Men's suits, sport coats, and outerwear was 132.975 in the year 2000 and 108.684 in 2019:

108.684 / 132.975 * $20 = $16.35

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 2000 has the same "purchasing power" as $16.35 in 2019 (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.