Information technology, hardware and services priced at $20 in 2021 $20.02 in 2022

Information Technology, Hardware And Services Inflation Calculator

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Prices for Information Technology, Hardware And Services, 2021-2022 ($20)

According to the U.S. Bureau of Labor Statistics, prices for information technology, hardware and services are 0.12% higher in 2022 versus 2021 (a $0.02 difference in value).

Between 2021 and 2022: Information technology, hardware and services experienced an average inflation rate of 0.12% per year. In other words, information technology, hardware and services costing $20 in the year 2021 would cost $20.02 in 2022 for an equivalent purchase. Compared to the overall inflation rate of 5.31% during this same period, inflation for information technology, hardware and services was significantly lower.

In the year 2021: Pricing changed by 0.60%, which is above the average yearly change for information technology, hardware and services during the 2021-2022 time period. Compared to inflation for all items in 2021 (4.70%), inflation for information technology, hardware and services was much lower.

Price Inflation for Information technology, hardware and services since 1988

Consumer Price Index, U.S. Bureau of Labor Statistics
Years with the largest changes in pricing: 1999 (-23.40%), 1998 (-20.38%), and 2001 (-17.59%).

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Buying power of $20.00 since 2021

Below are calculations of equivalent buying power for Information technology, hardware and services, over time, for $20 beginning in 2021. Each of the amounts below is equivalent in terms of what it could buy at the time:

Year USD Value Inflation Rate
2021 $20.00 0.60%
2022 $20.02 0.12%*
* Not final. See inflation summary for latest details.

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

Year 1988 1989 1990 1991 1992 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
CPI 100.000 96.277 93.485 88.638 83.685 78.823 71.969 63.823 57.231 50.077 39.869 30.538 25.892 21.338 18.285 16.138 14.808 13.608 12.454 10.597 10.061 9.672 9.413 9.030 8.739 8.516 8.352 8.053 7.806 7.619 7.467 7.386 7.322 7.366 7.374

Adjust information technology, hardware and services prices for inflation

Start with the inflation rate formula:

CPI in 2022 / CPI in 2021 * 2021 USD value = 2022 USD value

Then plug in historical CPI values from above. The CPI for Information technology, hardware and services was 7.366 in the year 2021 and 7.374 in 2022:

7.374 / 7.366 * $20 = $20.02

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 2021 has the same "purchasing power" as $20.02 in 2022 (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 1988. 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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