Cell service priced at $50 in 2000 $33.44 in 2017

Historical Price Inflation for Cell service

$

According to the U.S. Bureau of Labor Statistics, prices for wireless telephone services were -33.12% higher in 2000 than in 2017.

Cell service experienced an average inflation rate of -2.34% per year between 2000 and 2017. In other words, cell service costing $50 in the year 2000 would cost $33.44 in 2017 for an equivalent purchase.

Average pricing changed by -11.78% in 2000, significantly below the yearly average change for cell service during the 2000-2017 time period. Compared to overall inflation for all items in 2000 (3.27%), price inflation for cell service was much lower.


Price Inflation for Wireless telephone services since 1997

Consumer Price Index, U.S. Bureau of Labor Statistics
Years with the largest changes in pricing: 1999 (-11.99%), 2000 (-11.78%), and 2001 (-11.53%).

Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Wireless telephone services:

Year199719981999200020012002200320042005200620072008200920102011201220132014201520162017
CPI100.00095.12384.93875.98568.13167.37766.82366.21564.97764.55464.38364.24064.25762.39560.14759.67858.61757.37855.21654.67950.817

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How to calculate the inflation rate for cell service between 2000 and 2017

Start with the CPI inflation formula:

CPI in 2017 / CPI in 2000 * 2000 USD value = 2017 USD value

Then plug in historical CPI values from above. The CPI for Wireless telephone services was 75.985 in the year 2000 and 50.817 in 2017:

50.817 / 75.985 * $50 = $33.44

Therefore, according to U.S. Bureau of Labor Statistics, the "purchasing power" of $50 from 2000 is $33.44 in 2017 (in the category of Wireless telephone services).


Source: U.S. Bureau of Labor Statistics began tracking the Consumer Price Index for Wireless telephone services in 1997. In addition to cell service, the index produces monthly data on changes in prices paid by urban consumers for a variety of other goods and services.

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