According to the U.S. Bureau of Labor Statistics, prices for information and information processing were 1.60% lower in 2020 versus 2017 (a $0.32 difference in value).
Between 2017 and 2020: Information and information processing experienced an average inflation rate of -0.54% per year. In other words, information and information processing costing $20 in the year 2017 would cost $19.68 in 2020 for an equivalent purchase. Compared to the overall inflation rate of 1.73% during this same period, inflation for information and information processing was lower.
In the year 2017: Pricing changed by -5.64%, which is significantly below the average yearly change for information and information processing during the 2017-2020 time period. Compared to inflation for all items in 2017 (2.13%), inflation for information and information processing was much 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 2017. Each of the amounts below is equivalent in terms of what it could buy at the time:
|Year||USD Value||Inflation Rate|