According to the U.S. Bureau of Labor Statistics, prices for information technology, hardware and services were 23.90% lower in 2020 versus 2009 (a $4.78 difference in value).
Between 2009 and 2020: Information technology, hardware and services experienced an average inflation rate of -2.45% per year. This rate of change indicates significant deflation. In other words, information technology, hardware and services costing $20 in the year 2009 would cost $15.22 in 2020 for an equivalent purchase. Compared to the overall inflation rate of 1.67% during this same period, inflation for information technology, hardware and services was significantly lower.
In the year 2009: Pricing changed by -3.86%, which is below the average yearly change for information technology, hardware and services during the 2009-2020 time period. Compared to inflation for all items in 2009 (-0.36%), inflation for information technology, hardware and services was much lower.
Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Information technology, hardware and services:
Below are calculations of equivalent buying power for Information technology, hardware and services, over time, for $20 beginning in 2009. Each of the amounts below is equivalent in terms of what it could buy at the time:
|Year||USD Value||Inflation Rate|