According to the U.S. Bureau of Labor Statistics, prices for information and information processing were 14.11% lower in 2020 versus 2010 (a $2.82 difference in value).
Between 2010 and 2020: Information and information processing experienced an average inflation rate of -1.51% per year. In other words, information and information processing costing $20 in the year 2010 would cost $17.18 in 2020 for an equivalent purchase. Compared to the overall inflation rate of 1.70% during this same period, inflation for information and information processing was significantly lower.
In the year 2010: Pricing changed by -0.53%, which is above the average yearly change for information and information processing during the 2010-2020 time period. Compared to inflation for all items in 2010 (1.64%), inflation for information and information processing was lower.
Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Information and information processing:
Below are calculations of equivalent buying power for Information and information processing, over time, for $20 beginning in 2010. Each of the amounts below is equivalent in terms of what it could buy at the time:
|Year||USD Value||Inflation Rate|