According to the U.S. Bureau of Labor Statistics, prices for cable and satellite television service were 12.61% higher in 2020 versus 2016 (a $2.52 difference in value).
Between 2016 and 2020: Cable and satellite television service experienced an average inflation rate of 3.01% per year. This rate of change indicates significant inflation. In other words, cable and satellite television service costing $20 in the year 2016 would cost $22.52 in 2020 for an equivalent purchase. Compared to the overall inflation rate of 1.78% during this same period, inflation for cable and satellite television service was higher.
In the year 2016: Pricing changed by 3.66%, which is above the average yearly change for cable and satellite television service during the 2016-2020 time period. Compared to inflation for all items in 2016 (1.26%), inflation for cable and satellite television service was higher.
Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Cable and satellite television service:
Below are calculations of equivalent buying power for Cable and satellite television service, over time, for $20 beginning in 2016. Each of the amounts below is equivalent in terms of what it could buy at the time:
|Year||USD Value||Inflation Rate|