According to the U.S. Bureau of Labor Statistics, prices for education and communication are 45.31% higher in 2024 versus 1998 (a $272,191,719.18 difference in value).
Between 1998 and 2024: Education and communication experienced an average inflation rate of 1.45% per year. In other words, education and communication costing $600,788,188 in the year 1998 would cost $872,979,907.18 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 2.51% during this same period, inflation for education and communication was lower.
In the year 1998: Pricing changed by 1.88%, which is above the average yearly change for education and communication during the 1998-2024 time period. Compared to inflation for all items in 1998 (1.55%), inflation for education and communication was higher.
Below are calculations of equivalent buying power for Education and communication, over time, for $600,788,188 beginning in 1998. Each of the amounts below is equivalent in terms of what it could buy at the time:
Year | USD Value | Inflation Rate |
---|---|---|
1998 | $600,788,188.00 | 1.88% |
1999 | $606,133,852.63 | 0.89% |
2000 | $614,106,266.26 | 1.32% |
2001 | $630,465,843.37 | 2.66% |
2002 | $646,364,587.32 | 2.52% |
2003 | $657,701,083.00 | 1.75% |
2004 | $668,484,578.90 | 1.64% |
2005 | $681,065,324.11 | 1.88% |
2006 | $699,544,733.75 | 2.71% |
2007 | $716,363,761.51 | 2.40% |
2008 | $740,654,738.10 | 3.39% |
2009 | $763,191,783.69 | 3.04% |
2010 | $778,323,701.26 | 1.98% |
2011 | $787,592,899.40 | 1.19% |
2012 | $801,838,634.81 | 1.81% |
2013 | $814,071,911.82 | 1.53% |
2014 | $823,846,643.93 | 1.20% |
2015 | $827,984,004.03 | 0.50% |
2016 | $833,523,679.42 | 0.67% |
2017 | $817,788,992.07 | -1.89% |
2018 | $819,464,120.60 | 0.20% |
2019 | $825,474,767.48 | 0.73% |
2020 | $840,512,675.09 | 1.82% |
2021 | $854,366,241.49 | 1.65% |
2022 | $861,485,192.11 | 0.83% |
2023 | $869,825,350.60 | 0.97% |
2024 | $872,979,907.18 | 0.36%* |
* 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 | 145.719 |