According to the U.S. Bureau of Labor Statistics, prices for information and information processing were 1.18% higher in 2020 versus 2019 (a $0.24 difference in value).
Between 2019 and 2020: Information and information processing experienced an average inflation rate of 1.18% per year. In other words, information and information processing costing $20 in the year 2019 would cost $20.24 in 2020 for an equivalent purchase. Compared to the overall inflation rate of 0.93% during this same period, inflation for information and information processing was higher.
In the year 2019: Pricing changed by -1.11%, which is below the average yearly change for information and information processing during the 2019-2020 time period. Compared to inflation for all items in 2019 (1.81%), 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 2019. Each of the amounts below is equivalent in terms of what it could buy at the time:
|Year||USD Value||Inflation Rate|