According to the U.S. Bureau of Labor Statistics, prices for information technology commodities are 35.91% lower in 2024 versus 2016 (a $7.18 difference in value).
Between 2016 and 2024: Information technology commodities experienced an average inflation rate of -5.41% per year. This rate of change indicates significant deflation. In other words, information technology commodities costing $20 in the year 2016 would cost $12.82 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 3.39% during this same period, inflation for information technology commodities was significantly lower.
In the year 2016: Pricing changed by -7.71%, which is below the average yearly change for information technology commodities during the 2016-2024 time period. Compared to inflation for all items in 2016 (1.26%), inflation for information technology commodities was much lower.
Below are calculations of equivalent buying power for Information technology commodities, over time, for $20 beginning in 2016. Each of the amounts below is equivalent in terms of what it could buy at the time:
| Year | USD Value | Inflation Rate |
|---|---|---|
| 2016 | $20.00 | -7.71% |
| 2017 | $19.12 | -4.39% |
| 2018 | $18.35 | -4.07% |
| 2019 | $17.26 | -5.91% |
| 2020 | $16.31 | -5.51% |
| 2021 | $16.09 | -1.33% |
| 2022 | $15.05 | -6.49% |
| 2023 | $13.68 | -9.09% |
| 2024 | $12.82 | -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:
| 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 | 38.386 |