According to the U.S. Bureau of Labor Statistics, prices for education and communication are 58.15% higher in 2024 versus 1995 (a $32,562,399.67 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 $56,000,000 in the year 1995 would cost $88,562,399.67 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 $56,000,000 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 | $56,000,000.00 | 3.85% |
1996 | $57,901,710.47 | 3.40% |
1997 | $59,794,075.93 | 3.27% |
1998 | $60,915,477.68 | 1.88% |
1999 | $61,457,488.53 | 0.89% |
2000 | $62,265,832.29 | 1.32% |
2001 | $63,924,572.38 | 2.66% |
2002 | $65,536,587.40 | 2.52% |
2003 | $66,686,024.20 | 1.75% |
2004 | $67,779,390.91 | 1.64% |
2005 | $69,054,985.40 | 1.88% |
2006 | $70,928,660.83 | 2.71% |
2007 | $72,633,985.82 | 2.40% |
2008 | $75,096,911.14 | 3.39% |
2009 | $77,382,000.83 | 3.04% |
2010 | $78,916,265.33 | 1.98% |
2011 | $79,856,093.45 | 1.19% |
2012 | $81,300,505.63 | 1.81% |
2013 | $82,540,869.42 | 1.53% |
2014 | $83,531,954.94 | 1.20% |
2015 | $83,951,452.65 | 0.50% |
2016 | $84,513,134.75 | 0.67% |
2017 | $82,917,753.86 | -1.89% |
2018 | $83,087,599.50 | 0.20% |
2019 | $83,697,034.63 | 0.73% |
2020 | $85,221,767.21 | 1.82% |
2021 | $86,626,416.35 | 1.65% |
2022 | $87,348,225.28 | 0.83% |
2023 | $88,193,855.65 | 0.97% |
2024 | $88,562,399.67 | 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 |