The nominal/actual average price of clothing today in the USA is 3% LOWER than it was 30 years ago, in 1991!!! Meanwhile, the overall consumer price index (CPI), has more than doubled (+106%). So, the price of clothing, relative to overall prices, has dropped by a mind-boggling 53% in the last 3 decades!

This is on top of the 37% real reduction in prices from 1970 to 1991.

From 1960 to 2021, the real reduction in clothing prices is a full 71%. More than two-thirds.

https://fred.stlouisfed.org/series/CPIAPPSL

https://fred.stlouisfed.org/series/CPIAUCSL

This illustrates the benefits of “free trade” to US consumers.

Money / Clothing for nothing …