According to the U.S. Bureau of Labor Statistics, prices for communication were 26.48% lower in 2020 versus 2016 (a $5.30 difference in value).
Between 2016 and 2020: Communication experienced an average inflation rate of -7.40% per year. This rate of change indicates significant deflation. In other words, communication costing $20 in the year 2016 would cost $14.70 in 2020 for an equivalent purchase. Compared to the overall inflation rate of 1.83% during this same period, inflation for communication was significantly lower.
In the year 2016: Pricing changed by 0%, which is significantly above the average yearly change for communication during the 2016-2020 time period. Compared to inflation for all items in 2016 (1.26%), inflation for communication was lower.
Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Communication:
Below are calculations of equivalent buying power for Communication, 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|