According to the U.S. Bureau of Labor Statistics, prices for information technology, hardware and services are 24.86% lower in 2022 versus 2009 (a $4.97 difference in value).
Between 2009 and 2022: Information technology, hardware and services experienced an average inflation rate of -2.17% 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 $15.03 in 2022 for an equivalent purchase. Compared to the overall inflation rate of 2.39% during this same period, inflation for information technology, hardware and services was significantly lower.
In the year 2009: Pricing changed by -3.87%, which is below the average yearly change for information technology, hardware and services during the 2009-2022 time period. Compared to inflation for all items in 2009 (-0.36%), inflation for information technology, hardware and services was much lower.
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|
* 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 technology, hardware and services: