According to the U.S. Bureau of Labor Statistics, prices for information and information processing were 8.70% lower in 2021 versus 2014 (a $1.74 difference in value).
Between 2014 and 2021: Information and information processing experienced an average inflation rate of -1.29% per year. In other words, information and information processing costing $20 in the year 2014 would cost $18.26 in 2021 for an equivalent purchase. Compared to the overall inflation rate of 1.79% during this same period, inflation for information and information processing was significantly lower.
In the year 2014: Pricing changed by -0.85%, which is above the average yearly change for information and information processing during the 2014-2021 time period. Compared to inflation for all items in 2014 (1.62%), 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 2014. Each of the amounts below is equivalent in terms of what it could buy at the time:
|Year||USD Value||Inflation Rate|