Information technology commodities priced at $20 in 2014 $10.85 in 2024

Information Technology Commodities Inflation Calculator

$

Prices for Information Technology Commodities, 2014-2024 ($20)

According to the U.S. Bureau of Labor Statistics, prices for information technology commodities are 45.75% lower in 2024 versus 2014 (a $9.15 difference in value).

Between 2014 and 2024: Information technology commodities experienced an average inflation rate of -5.93% per year. This rate of change indicates significant deflation. In other words, information technology commodities costing $20 in the year 2014 would cost $10.85 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 2.84% during this same period, inflation for information technology commodities was significantly lower.

In the year 2014: Pricing changed by -6.70%, which is below the average yearly change for information technology commodities during the 2014-2024 time period. Compared to inflation for all items in 2014 (1.62%), inflation for information technology commodities was much lower.

Price Inflation for Information technology commodities since 2009

Consumer Price Index, U.S. Bureau of Labor Statistics
201020152020-10-6-2
Years with the largest changes in pricing: 2023 (-9.09%), 2015 (-8.30%), and 2011 (-8.25%).

View price changes for other categories
Rent of primary residence · Boston, Massachusetts · Philadelphia, Pennsylvania · Indoor plants and flowers · More

Buying power of $20.00 since 2014

Below are calculations of equivalent buying power for Information technology commodities, over time, for $20 beginning in 2014. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
2014$20.00-6.70%
2015$18.34-8.30%
2016$16.93-7.71%
2017$16.18-4.39%
2018$15.53-4.07%
2019$14.61-5.91%
2020$13.80-5.51%
2021$13.62-1.33%
2022$12.74-6.49%
2023$11.58-9.09%
2024$10.85-6.30%*

* 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:

Year2009201020112012201320142015201620172018201920202021202220232024
CPI100.00097.44189.40382.17075.84470.76364.89359.89057.26454.93451.68848.83848.18945.06340.96838.386

Adjust information technology commodities prices for inflation

Start with the inflation rate formula:

CPI in 2024 / CPI in 2014 * 2014 USD value = 2024 USD value

Then plug in historical CPI values from above. The CPI for Information technology commodities was 70.763 in the year 2014 and 38.386 in 2024:

38.386 / 70.763 * $20 = $10.85

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 2014 has the same "purchasing power" as $10.85 in 2024 (in the CPI category of Information technology commodities).


Source: U.S. Bureau of Labor Statistics began tracking the Consumer Price Index for Information technology commodities in 2009. In addition to information technology commodities, the index produces monthly data on changes in prices paid by urban consumers for a variety of goods and services.

» Read more about inflation and investment.