Smartphones priced at $20 in 2019 $9.21 in 2024

Smartphones Inflation Calculator


Prices for Smartphones, 2019-2024 ($20)

According to the U.S. Bureau of Labor Statistics, prices for smartphones are 53.93% lower in 2024 versus 2019 (a $10.79 difference in value).

Between 2019 and 2024: Smartphones experienced an average inflation rate of -14.36% per year. This rate of change indicates significant deflation. In other words, smartphones costing $20 in the year 2019 would cost $9.21 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 4.05% during this same period, inflation for smartphones was significantly lower.

Price Inflation for Smartphones since 2019

Consumer Price Index, U.S. Bureau of Labor Statistics
Years with the largest changes in pricing: 2022 (-18.68%), 2021 (-18.53%), and 2023 (-18.26%).

View price changes for other categories
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Buying power of $20.00 since 2019

Below are calculations of equivalent buying power for Smartphones, over time, for $20 beginning in 2019. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation 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 Smartphones:


Adjust smartphones prices for inflation

Start with the inflation rate formula:

CPI in 2024 / CPI in 2019 * 2019 USD value = 2024 USD value

Then plug in historical CPI values from above. The CPI for Smartphones was 100.000 in the year 2019 and 46.074 in 2024:

46.074 / 100.000 * $20 = $9.21

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 2019 has the same "purchasing power" as $9.21 in 2024 (in the CPI category of Smartphones).

Source: U.S. Bureau of Labor Statistics began tracking the Consumer Price Index for Smartphones in 2019. In addition to smartphones, the index produces monthly data on changes in prices paid by urban consumers for a variety of goods and services.

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