According to the U.S. Bureau of Labor Statistics, prices for education and communication are 58.15% higher in 2024 versus 1995 (a $18,025,614,100.96 difference in value).
Between 1995 and 2024: Education and communication experienced an average inflation rate of 1.59% per year. In other words, education and communication costing $31,000,000,000 in the year 1995 would cost $49,025,614,100.96 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 2.49% during this same period, inflation for education and communication was lower.
In the year 1995: Pricing changed by 3.85%, which is above the average yearly change for education and communication during the 1995-2024 time period. Compared to inflation for all items in 1995 (2.81%), inflation for education and communication was higher.
Below are calculations of equivalent buying power for Education and communication, over time, for $31,000,000,000 beginning in 1995. Each of the amounts below is equivalent in terms of what it could buy at the time:
Year | USD Value | Inflation Rate |
---|---|---|
1995 | $31,000,000,000.00 | 3.85% |
1996 | $32,052,732,582.39 | 3.40% |
1997 | $33,100,292,031.71 | 3.27% |
1998 | $33,721,068,001.67 | 1.88% |
1999 | $34,021,109,720.48 | 0.89% |
2000 | $34,468,585,732.17 | 1.32% |
2001 | $35,386,816,854.40 | 2.66% |
2002 | $36,279,182,311.22 | 2.52% |
2003 | $36,915,477,680.43 | 1.75% |
2004 | $37,520,734,251.15 | 1.64% |
2005 | $38,226,866,916.98 | 1.88% |
2006 | $39,264,080,100.13 | 2.71% |
2007 | $40,208,099,290.78 | 2.40% |
2008 | $41,571,504,380.48 | 3.39% |
2009 | $42,836,464,747.60 | 3.04% |
2010 | $43,685,789,737.17 | 1.98% |
2011 | $44,206,051,731.33 | 1.19% |
2012 | $45,005,637,046.31 | 1.81% |
2013 | $45,692,267,000.42 | 1.53% |
2014 | $46,240,903,629.54 | 1.20% |
2015 | $46,473,125,573.63 | 0.50% |
2016 | $46,784,056,737.59 | 0.67% |
2017 | $45,900,899,457.66 | -1.89% |
2018 | $45,994,921,151.44 | 0.20% |
2019 | $46,332,287,025.45 | 0.73% |
2020 | $47,176,335,419.27 | 1.82% |
2021 | $47,953,909,052.98 | 1.65% |
2022 | $48,353,481,852.32 | 0.83% |
2023 | $48,821,598,665.00 | 0.97% |
2024 | $49,025,614,100.96 | 0.42%* |
* 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 | 145.799 |