Computer software and accessories priced at $20 in 2016 $13.65 in 2024

Computer Software And Accessories Inflation Calculator


Prices for Computer Software And Accessories, 2016-2024 ($20)

According to the U.S. Bureau of Labor Statistics, prices for computer software and accessories are 31.75% lower in 2024 versus 2016 (a $6.35 difference in value).

Between 2016 and 2024: Computer software and accessories experienced an average inflation rate of -4.66% per year. This rate of change indicates significant deflation. In other words, computer software and accessories costing $20 in the year 2016 would cost $13.65 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 3.34% during this same period, inflation for computer software and accessories was significantly lower.

In the year 2016: Pricing changed by -6.57%, which is below the average yearly change for computer software and accessories during the 2016-2024 time period. Compared to inflation for all items in 2016 (1.26%), inflation for computer software and accessories was much lower.

Price Inflation for Computer software and accessories since 1997

Consumer Price Index, U.S. Bureau of Labor Statistics
Years with the largest changes in pricing: 2020 (-10.58%), 2003 (-8.88%), and 2019 (-7.99%).

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Buying power of $20.00 since 2016

Below are calculations of equivalent buying power for Computer software and accessories, over time, for $20 beginning in 2016. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate

* Not final. See inflation summary for latest details.
** Extended periods of 0% inflation usually indicate incomplete underlying data. This can manifest as a sharp increase in inflation later on.

Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Computer software and accessories:


Adjust computer software and accessories prices for inflation

Start with the inflation rate formula:

CPI in 2024 / CPI in 2016 * 2016 USD value = 2024 USD value

Then plug in historical CPI values from above. The CPI for Computer software and accessories was 34.363 in the year 2016 and 23.453 in 2024:

23.453 / 34.363 * $20 = $13.65

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 2016 has the same "purchasing power" as $13.65 in 2024 (in the CPI category of Computer software and accessories).

Source: U.S. Bureau of Labor Statistics began tracking the Consumer Price Index for Computer software and accessories in 1997. In addition to computer software and accessories, the index produces monthly data on changes in prices paid by urban consumers for a variety of goods and services.

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