According to the U.S. Bureau of Labor Statistics, prices for computers, peripherals, and smart home assistants are 65.60% lower in 2023 versus 2007 (a $13.12 difference in value).
Between 2007 and 2023: Computers, peripherals, and smart home assistants experienced an average inflation rate of -6.45% per year. This rate of change indicates significant deflation. In other words, computers, peripherals, and smart home assistants costing $20 in the year 2007 would cost $6.88 in 2023 for an equivalent purchase. Compared to the overall inflation rate of 2.41% during this same period, inflation for computers, peripherals, and smart home assistants was significantly lower.
In the year 2007: Pricing changed by -10.46%, which is significantly below the average yearly change for computers, peripherals, and smart home assistants during the 2007-2023 time period. Compared to inflation for all items in 2007 (2.85%), inflation for computers, peripherals, and smart home assistants was much lower.
Below are calculations of equivalent buying power for Computers, peripherals, and smart home assistants, over time, for $20 beginning in 2007. Each of the amounts below is equivalent in terms of what it could buy at the time:
|Year||USD Value||Inflation 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 Computers, peripherals, and smart home assistants: