According to the U.S. Bureau of Labor Statistics, prices for computer software and accessories were 28.98% lower in 2021 versus 2014 (a $5.80 difference in value).
Between 2014 and 2021: Computer software and accessories experienced an average inflation rate of -4.77% per year. This rate of change indicates significant deflation. In other words, computer software and accessories costing $20 in the year 2014 would cost $14.20 in 2021 for an equivalent purchase. Compared to the overall inflation rate of 1.44% during this same period, inflation for computer software and accessories was significantly lower.
In the year 2014: Pricing changed by -4.04%, which is above the average yearly change for computer software and accessories during the 2014-2021 time period. Compared to inflation for all items in 2014 (1.62%), 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 | 2021 |
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 | 26.280 |
Below are calculations of equivalent buying power for Computer software and accessories, over time, for $20 beginning in 2014. Each of the amounts below is equivalent in terms of what it could buy at the time:
Year | USD Value | Inflation Rate |
---|---|---|
2014 | $20.00 | -4.04% |
2015 | $19.88 | -0.60% |
2016 | $18.57 | -6.57% |
2017 | $17.85 | -3.91% |
2018 | $17.38 | -2.64% |
2019 | $15.99 | -7.99% |
2020 | $14.30 | -10.58% |
2021 | $14.20 | -0.64%* |