Software Inflation Surpasses Consumer Price Index, Driving Concerns for Businesses

Software inflation has surged to 8.7%, more than double the consumer price index (CPI) in the U.S., according to Vertice, a SaaS and cloud spending management company. Despite a decline in the CPI this year, software prices have increased noticeably, with sales software seeing the most rapid inflation at 10.6%, followed by finance (10.2%) and productivity tools (10.1%). This upward trend in software prices is occurring despite global concerns about rising costs of living, creating a “cost of software crisis” for businesses.
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Vertice’s annual “SaaS Inflation Index” report indicates …