According to the U.S. Bureau of Labor Statistics, prices for information and information processing are 6.96% lower in 2024 versus 2016 (a $1.39 difference in value).
Between 2016 and 2024: Information and information processing experienced an average inflation rate of -0.90% per year. In other words, information and information processing costing $20 in the year 2016 would cost $18.61 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 3.39% during this same period, inflation for information and information processing was significantly lower.
In the year 2016: Pricing changed by -1.28%, which is below the average yearly change for information and information processing during the 2016-2024 time period. Compared to inflation for all items in 2016 (1.26%), inflation for information and information processing was lower.
Below are calculations of equivalent buying power for Information and information processing, over time, for $20 beginning in 2016. Each of the amounts below is equivalent in terms of what it could buy at the time:
Year | USD Value | Inflation Rate |
---|---|---|
2016 | $20.00 | -1.28% |
2017 | $18.87 | -5.64% |
2018 | $18.56 | -1.66% |
2019 | $18.35 | -1.11% |
2020 | $18.67 | 1.72% |
2021 | $19.00 | 1.77% |
2022 | $18.87 | -0.69% |
2023 | $18.76 | -0.58% |
2024 | $18.61 | -0.81%* |
* 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 Information and information processing:
Year | 1993 | 1994 | 1995 | 1996 | 1997 | 1998 | 1999 | 2000 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
CPI | 97.685 | 98.592 | 98.669 | 99.523 | 100.354 | 98.523 | 95.454 | 92.823 | 92.285 | 90.808 | 87.800 | 84.631 | 82.562 | 81.662 | 80.720 | 81.352 | 81.944 | 81.513 | 79.964 | 79.549 | 78.891 | 78.219 | 76.373 | 75.398 | 71.148 | 69.968 | 69.190 | 70.380 | 71.623 | 71.132 | 70.722 | 70.150 |