Information and information processing priced at $20 in 2016 $18.61 in 2024

Information And Information Processing Inflation Calculator

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Prices for Information And Information Processing, 2016-2024 ($20)

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.

Price Inflation for Information and information processing since 1993

Consumer Price Index, U.S. Bureau of Labor Statistics
Years with the largest changes in pricing: 2017 (-5.64%), 2004 (-3.61%), and 2003 (-3.31%).

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Buying power of $20.00 since 2016

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:

YearUSD ValueInflation Rate
2016$20.00-1.28%
2017$18.87-5.64%
2018$18.56-1.66%
2019$18.35-1.11%
2020$18.671.72%
2021$19.001.77%
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:

Year19931994199519961997199819992000200120022003200420052006200720082009201020112012201320142015201620172018201920202021202220232024
CPI97.68598.59298.66999.523100.35498.52395.45492.82392.28590.80887.80084.63182.56281.66280.72081.35281.94481.51379.96479.54978.89178.21976.37375.39871.14869.96869.19070.38071.62371.13270.72270.150

Adjust information and information processing prices for inflation

Start with the inflation rate formula:

CPI in 2024 / CPI in 2016 * 2016 USD value = 2024 USD value

Then plug in historical CPI values from above. The CPI for Information and information processing was 75.398 in the year 2016 and 70.150 in 2024:

70.150 / 75.398 * $20 = $18.61

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 2016 has the same "purchasing power" as $18.61 in 2024 (in the CPI category of Information and information processing).


Source: U.S. Bureau of Labor Statistics began tracking the Consumer Price Index for Information and information processing in 1993. In addition to information and information processing, the index produces monthly data on changes in prices paid by urban consumers for a variety of goods and services.

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