According to the U.S. Bureau of Labor Statistics, prices for information and information processing were 7% lower in 2020 versus 2016 (a $1.40 difference in value).
Between 2016 and 2020: Information and information processing experienced an average inflation rate of -1.80% per year. In other words, information and information processing costing $20 in the year 2016 would cost $18.60 in 2020 for an equivalent purchase. Compared to the overall inflation rate of 1.85% during this same period, inflation for information and information processing was significantly lower.
In the year 2016: Pricing changed by -1.28%, which is above the average yearly change for information and information processing during the 2016-2020 time period. Compared to inflation for all items in 2016 (1.26%), 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 2016. Each of the amounts below is equivalent in terms of what it could buy at the time:
|Year||USD Value||Inflation Rate|