Men's suits, sport coats, and outerwear priced at $20 in 2000 $15.90 in 2018

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

$

Prices for Men's Suits, Sport Coats, And Outerwear, 2000-2018 ($20)

According to the U.S. Bureau of Labor Statistics, prices for men's suits, sport coats, and outerwear were 20.48% lower in 2018 versus 2000 (a $4.10 difference in value).

Between 2000 and 2018: Men's suits, sport coats, and outerwear experienced an average inflation rate of -1.27% per year. In other words, men's suits, sport coats, and outerwear costing $20 in the year 2000 would cost $15.90 in 2018 for an equivalent purchase. Compared to the overall inflation rate of 2.12% 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 2000-2018 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
CPI 91.450 90.642 92.550 95.625 98.000 100.358 101.658 103.567 106.300 111.292 115.708 121.033 126.417 131.717 132.233 136.808 136.708 133.700 134.192 135.067 137.025 135.383 132.975 128.517 128.642 126.858 125.525 126.242 121.400 120.156 120.680 114.578 116.284 115.165 117.487 118.827 115.785 112.311 111.053 109.146 105.740

View price changes for other categories
Film and photographic supplies · Housing · Hospital services · Electricity · More

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 -2.56%
2015 $16.89 -3.00%
2016 $16.70 -1.12%
2017 $16.42 -1.72%
2018 $15.90 -3.12%*
* Not final. See inflation summary for latest details.

How to calculate the inflation rate for men's suits, sport coats, and outerwear, 2000-2018

Start with the inflation rate formula:

CPI in 2018 / CPI in 2000 * 2000 USD value = 2018 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 105.740 in 2018:

105.740 / 132.975 * $20 = $15.90

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 2000 has the same "purchasing power" as $15.90 in 2018 (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.

» Read more about inflation and investment.