According to the U.S. Bureau of Labor Statistics, prices for education and communication are 70.93% higher in 2024 versus 1993 (a $42,556,595,565,955.67 difference in value).
Between 1993 and 2024: Education and communication experienced an average inflation rate of 1.74% per year. In other words, education and communication costing $60,000,000,000,000 in the year 1993 would cost $102,556,595,565,955.69 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 2.53% during this same period, inflation for education and communication was lower.
Below are calculations of equivalent buying power for Education and communication, over time, for $60,000,000,000,000 beginning in 1993. Each of the amounts below is equivalent in terms of what it could buy at the time:
Year | USD Value | Inflation Rate |
---|---|---|
1993 | $60,000,000,000,000.00 | - |
1994 | $62,322,023,220,232.20 | 3.87% |
1995 | $64,719,647,196,471.98 | 3.85% |
1996 | $66,917,469,174,691.76 | 3.40% |
1997 | $69,104,491,044,910.45 | 3.27% |
1998 | $70,400,504,005,040.06 | 1.88% |
1999 | $71,026,910,269,102.69 | 0.89% |
2000 | $71,961,119,611,196.11 | 1.32% |
2001 | $73,878,138,781,387.81 | 2.66% |
2002 | $75,741,157,411,574.11 | 2.52% |
2003 | $77,069,570,695,706.97 | 1.75% |
2004 | $78,333,183,331,833.33 | 1.64% |
2005 | $79,807,398,073,980.75 | 1.88% |
2006 | $81,972,819,728,197.28 | 2.71% |
2007 | $83,943,677,436,774.38 | 2.40% |
2008 | $86,790,099,900,999.02 | 3.39% |
2009 | $89,430,996,309,963.11 | 3.04% |
2010 | $91,204,158,041,580.42 | 1.98% |
2011 | $92,290,324,903,249.05 | 1.19% |
2012 | $93,959,643,596,435.98 | 1.81% |
2013 | $95,393,141,931,419.31 | 1.53% |
2014 | $96,538,547,385,473.86 | 1.20% |
2015 | $97,023,364,233,642.34 | 0.50% |
2016 | $97,672,504,725,047.28 | 0.67% |
2017 | $95,828,710,287,102.88 | -1.89% |
2018 | $96,025,002,250,022.50 | 0.20% |
2019 | $96,729,331,293,312.95 | 0.73% |
2020 | $98,491,476,914,769.16 | 1.82% |
2021 | $100,114,841,148,411.50 | 1.65% |
2022 | $100,949,041,490,414.91 | 0.83% |
2023 | $101,926,343,263,432.66 | 0.97% |
2024 | $102,556,595,565,955.69 | 0.62%* |
* 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 Education and communication:
Year | 1993 | 1994 | 1995 | 1996 | 1997 | 1998 | 1999 | 2000 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
CPI | 85.469 | 88.777 | 92.192 | 95.323 | 98.438 | 100.285 | 101.177 | 102.508 | 105.238 | 107.892 | 109.785 | 111.585 | 113.685 | 116.769 | 119.577 | 123.631 | 127.393 | 129.919 | 131.466 | 133.844 | 135.886 | 137.518 | 138.209 | 139.133 | 136.507 | 136.786 | 137.790 | 140.300 | 142.612 | 143.801 | 145.193 | 146.091 |