Information and information processing price inflation, 2020→2024

Information And Information Processing Inflation Calculator

Prices for Information And Information Processing, 2020-2024 ($20)

According to the U.S. Bureau of Labor Statistics, prices for information and information processing are 0.54% lower in 2024 versus 2020 (a $0.11 difference in value).

Between 2020 and 2024: Information and information processing experienced an average inflation rate of -0.14% per year. In other words, information and information processing costing $20 in the year 2020 would cost $19.89 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 4.91% during this same period, inflation for information and information processing was significantly lower.

In the year 2020: Pricing changed by 1.72%, which is above the average yearly change for information and information processing during the 2020-2024 time period. Compared to inflation for all items in 2020 (1.23%), inflation for information and information processing was higher.

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 2020

Below are calculations of equivalent buying power for Information and information processing, over time, for $20 beginning in 2020. Each of the amounts below is equivalent in terms of what it could buy at the time:

Year	USD Value	Inflation Rate
2020	$20.00	1.72%
2021	$20.35	1.77%
2022	$20.21	-0.69%
2023	$20.10	-0.58%
2024	$19.89	-1.02%*

* 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:

Year	1993	1994	1995	1996	1997	1998	1999	2000	2001	2002	2003	2004	2005	2006	2007	2008	2009	2010	2011	2012	2013	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
CPI	97.685	98.592	98.669	99.523	100.354	98.523	95.454	92.823	92.285	90.808	87.800	84.631	82.562	81.662	80.720	81.352	81.944	81.513	79.964	79.549	78.891	78.219	76.373	75.398	71.148	69.968	69.190	70.380	71.623	71.132	70.722	70.000

Adjust information and information processing prices for inflation

Start with the inflation rate formula:

CPI in 2024 / CPI in 2020 * 2020 USD value = 2024 USD value

Then plug in historical CPI values from above. The CPI for Information and information processing was 70.380 in the year 2020 and 70.000 in 2024:

70.000 / 70.380 * $20 = $19.89

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 2020 has the same "purchasing power" as $19.89 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.