According to the U.S. Bureau of Labor Statistics, prices for information and information processing were 0.06% higher in 2020 versus 2018 (a $0.01 difference in value).
Between 2018 and 2020: Information and information processing experienced an average inflation rate of 0.03% per year. In other words, information and information processing costing $20 in the year 2018 would cost $20.01 in 2020 for an equivalent purchase. Compared to the overall inflation rate of 1.37% during this same period, inflation for information and information processing was lower.
In the year 2018: Pricing changed by -1.66%, which is below the average yearly change for information and information processing during the 2018-2020 time period. Compared to inflation for all items in 2018 (2.44%), 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 2018. Each of the amounts below is equivalent in terms of what it could buy at the time:
|Year||USD Value||Inflation Rate|