According to the U.S. Bureau of Labor Statistics, prices for wireless telephone services were 25.61% lower in 2019 versus 2010 (a $12.80 difference in value).
Between 2010 and 2019: Cell service experienced an average inflation rate of -3.23% per year. This rate of change indicates significant deflation. In other words, cell service costing $50 in the year 2010 would cost $37.20 in 2019 for an equivalent purchase. Compared to the overall inflation rate of 1.74% during this same period, inflation for cell service was significantly lower.
In the year 2010: Pricing changed by -2.90%, which is above the average yearly change for cell service during the 2010-2019 time period. Compared to inflation for all items in 2010 (1.64%), inflation for cell service was much lower.
Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Wireless telephone services:
Below are calculations of equivalent buying power for Cell service, over time, for $50 beginning in 2010. Each of the amounts below is equivalent in terms of what it could buy at the time:
|Year||USD Value||Inflation Rate|