According to the U.S. Bureau of Labor Statistics, prices for computer software and accessories were 66.57% lower in 2020 versus 2001 (a $13.31 difference in value).
Between 2001 and 2020: Computer software and accessories experienced an average inflation rate of -5.60% per year. This rate of change indicates significant deflation. In other words, computer software and accessories costing $20 in the year 2001 would cost $6.69 in 2020 for an equivalent purchase. Compared to the overall inflation rate of 2.02% during this same period, inflation for computer software and accessories was significantly lower.
In the year 2001: Pricing changed by -7.40%, which is below the average yearly change for computer software and accessories during the 2001-2020 time period. Compared to inflation for all items in 2001 (2.83%), inflation for computer software and accessories was much lower.
Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Computer software and accessories:
Year | 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 | 100.000 | 95.485 | 88.408 | 85.431 | 79.108 | 73.977 | 67.408 | 62.431 | 58.938 | 55.385 | 52.512 | 50.641 | 49.943 | 46.429 | 43.057 | 40.980 | 38.558 | 37.001 | 36.779 | 34.363 | 33.019 | 32.147 | 29.577 | 26.449 |
Below are calculations of equivalent buying power for Computer software and accessories, over time, for $20 beginning in 2001. Each of the amounts below is equivalent in terms of what it could buy at the time:
Year | USD Value | Inflation Rate |
---|---|---|
2001 | $20.00 | -7.40% |
2002 | $18.70 | -6.49% |
2003 | $17.04 | -8.88% |
2004 | $15.78 | -7.38% |
2005 | $14.90 | -5.59% |
2006 | $14.00 | -6.03% |
2007 | $13.28 | -5.19% |
2008 | $12.80 | -3.56% |
2009 | $12.63 | -1.38% |
2010 | $11.74 | -7.04% |
2011 | $10.89 | -7.26% |
2012 | $10.36 | -4.82% |
2013 | $9.75 | -5.91% |
2014 | $9.35 | -4.04% |
2015 | $9.30 | -0.60% |
2016 | $8.69 | -6.57% |
2017 | $8.35 | -3.91% |
2018 | $8.13 | -2.64% |
2019 | $7.48 | -7.99% |
2020 | $6.69 | -10.58%* |