Information technology, hardware and services priced at $20 in 2008 $14.63 in 2020

Information Technology, Hardware And Services Inflation Calculator

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Prices for Information Technology, Hardware And Services, 2008-2020 ($20)

According to the U.S. Bureau of Labor Statistics, prices for information technology, hardware and services were 26.84% lower in 2020 versus 2008 (a $5.37 difference in value).

Between 2008 and 2020: Information technology, hardware and services experienced an average inflation rate of -2.57% per year. This rate of change indicates significant deflation. In other words, information technology, hardware and services costing $20 in the year 2008 would cost $14.63 in 2020 for an equivalent purchase. Compared to the overall inflation rate of 1.50% during this same period, inflation for information technology, hardware and services was significantly lower.

In the year 2008: Pricing changed by -5.06%, which is below the average yearly change for information technology, hardware and services during the 2008-2020 time period. Compared to inflation for all items in 2008 (3.84%), inflation for information technology, hardware and services was much lower.

Price Inflation for Information technology, hardware and services since 2006

Consumer Price Index, U.S. Bureau of Labor Statistics
Years with the largest changes in pricing: 2007 (-14.72%), 2008 (-5.06%), and 2011 (-4.07%).

Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Information technology, hardware and services:

Year 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
CPI 12.425 10.596 10.060 9.671 9.413 9.029 8.738 8.516 8.350 8.052 7.805 7.617 7.467 7.386 7.360

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Buying power of $20 since 2008

Below are calculations of equivalent buying power for Information technology, hardware and services, over time, for $20 beginning in 2008. Each of the amounts below is equivalent in terms of what it could buy at the time:

Year USD Value Inflation Rate
2008 $20.00 -5.06%
2009 $19.23 -3.86%
2010 $18.71 -2.67%
2011 $17.95 -4.07%
2012 $17.37 -3.23%
2013 $16.93 -2.54%
2014 $16.60 -1.94%
2015 $16.01 -3.57%
2016 $15.52 -3.07%
2017 $15.14 -2.40%
2018 $14.84 -1.98%
2019 $14.68 -1.09%
2020 $14.63 -0.35%*
* Not final. See inflation summary for latest details.

How to calculate the inflation rate for information technology, hardware and services, 2008-2020

Start with the inflation rate formula:

CPI in 2020 / CPI in 2008 * 2008 USD value = 2020 USD value

Then plug in historical CPI values from above. The CPI for Information technology, hardware and services was 10.060 in the year 2008 and 7.360 in 2020:

7.360 / 10.060 * $20 = $14.63

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 2008 has the same "purchasing power" as $14.63 in 2020 (in the CPI category of Information technology, hardware and services).


Source: U.S. Bureau of Labor Statistics began tracking the Consumer Price Index for Information technology, hardware and services in 2006. In addition to information technology, hardware and services, the index produces monthly data on changes in prices paid by urban consumers for a variety of goods and services.

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