According to the U.S. Bureau of Labor Statistics, prices for information technology commodities are 61.48% lower in 2024 versus 2009 (a $12.30 difference in value).
Between 2009 and 2024: Information technology commodities experienced an average inflation rate of -6.16% per year. This rate of change indicates significant deflation. In other words, information technology commodities costing $20 in the year 2009 would cost $7.70 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 2.55% during this same period, inflation for information technology commodities was significantly lower.
Below are calculations of equivalent buying power for Information technology commodities, 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 |
---|---|---|
2009 | $20.00 | - |
2010 | $19.49 | -2.56% |
2011 | $17.88 | -8.25% |
2012 | $16.43 | -8.09% |
2013 | $15.17 | -7.70% |
2014 | $14.15 | -6.70% |
2015 | $12.98 | -8.30% |
2016 | $11.98 | -7.71% |
2017 | $11.45 | -4.39% |
2018 | $10.99 | -4.07% |
2019 | $10.34 | -5.91% |
2020 | $9.77 | -5.51% |
2021 | $9.64 | -1.33% |
2022 | $9.01 | -6.49% |
2023 | $8.19 | -9.09% |
2024 | $7.70 | -5.97%* |
* 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 commodities:
Year | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
CPI | 100.000 | 97.441 | 89.403 | 82.170 | 75.844 | 70.763 | 64.893 | 59.890 | 57.264 | 54.934 | 51.688 | 48.838 | 48.189 | 45.063 | 40.968 | 38.523 |