According to the U.S. Bureau of Labor Statistics, prices for computer software and accessories are 22.78% lower in 2022 versus 2017 (a $4.56 difference in value).
Between 2017 and 2022: Computer software and accessories experienced an average inflation rate of -5.04% per year. This rate of change indicates significant deflation. In other words, computer software and accessories costing $20 in the year 2017 would cost $15.44 in 2022 for an equivalent purchase. Compared to the overall inflation rate of 3.38% during this same period, inflation for computer software and accessories was significantly lower.
In the year 2017: Pricing changed by -3.91%, which is above the average yearly change for computer software and accessories during the 2017-2022 time period. Compared to inflation for all items in 2017 (2.13%), inflation for computer software and accessories was much lower.
Below are calculations of equivalent buying power for Computer software and accessories, over time, for $20 beginning in 2017. Each of the amounts below is equivalent in terms of what it could buy at the time:
|Year||USD Value||Inflation Rate|
Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Computer software and accessories: