Computers, peripherals, and smart home assistants priced at $20 in 1998 $0.89 in 2022

Computers, Peripherals, And Smart Home Assistants Inflation Calculator

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Prices for Computers, Peripherals, And Smart Home Assistants, 1998-2022 ($20)

According to the U.S. Bureau of Labor Statistics, prices for computers, peripherals, and smart home assistants are 95.54% lower in 2022 versus 1998 (a $19.11 difference in value).

Between 1998 and 2022: Computers, peripherals, and smart home assistants experienced an average inflation rate of -12.15% per year. This rate of change indicates significant deflation. In other words, computers, peripherals, and smart home assistants costing $20 in the year 1998 would cost $0.89 in 2022 for an equivalent purchase. Compared to the overall inflation rate of 2.47% during this same period, inflation for computers, peripherals, and smart home assistants was significantly lower.

In the year 1998: Pricing changed by -21.80%, which is significantly below the average yearly change for computers, peripherals, and smart home assistants during the 1998-2022 time period. Compared to inflation for all items in 1998 (1.55%), inflation for computers, peripherals, and smart home assistants was much lower.

Price Inflation for Computers, peripherals, and smart home assistants since 1997

Consumer Price Index, U.S. Bureau of Labor Statistics
Years with the largest changes in pricing: 1999 (-31.61%), 2001 (-28.05%), and 2002 (-24.97%).

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Buying power of $20.00 since 1998

Below are calculations of equivalent buying power for Computers, peripherals, and smart home assistants, over time, for $20 beginning in 1998. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1998$20.00-21.80%
1999$13.68-31.61%
2000$10.50-23.22%
2001$7.56-28.05%
2002$5.67-24.97%
2003$4.49-20.73%
2004$3.91-13.07%
2005$3.28-16.08%
2006$2.77-15.60%
2007$2.48-10.46%
2008$2.17-12.42%
2009$1.88-13.31%
2010$1.75-7.20%
2011$1.57-9.79%
2012$1.42-9.53%
2013$1.30-8.94%
2014$1.20-7.33%
2015$1.09-8.92%
2016$1.02-7.26%
2017$0.97-4.20%
2018$0.93-4.03%
2019$0.90-3.62%
2020$0.88-2.72%
2021$0.902.93%
2022$0.89-1.02%*

* 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 Computers, peripherals, and smart home assistants:

Year19971998199920002001200220032004200520062007200820092010201120122013201420152016201720182019202020212022
CPI1119.000875.023598.454459.515330.608248.069196.654170.954143.462121.077108.40994.94482.30476.37768.90162.33456.75952.59747.90544.42842.56440.84939.37138.30039.42239.022

Adjust computers, peripherals, and smart home assistants prices for inflation

Start with the inflation rate formula:

CPI in 2022 / CPI in 1998 * 1998 USD value = 2022 USD value

Then plug in historical CPI values from above. The CPI for Computers, peripherals, and smart home assistants was 875.023 in the year 1998 and 39.022 in 2022:

39.022 / 875.023 * $20 = $0.89

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 1998 has the same "purchasing power" as $0.89 in 2022 (in the CPI category of Computers, peripherals, and smart home assistants).


Source: U.S. Bureau of Labor Statistics began tracking the Consumer Price Index for Computers, peripherals, and smart home assistants in 1997. In addition to computers, peripherals, and smart home assistants, the index produces monthly data on changes in prices paid by urban consumers for a variety of goods and services.

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