Education and communication commodities price inflation, 2010→2023

Education And Communication Commodities Inflation Calculator

Prices for Education And Communication Commodities, 2010-2023 ($20)

According to the U.S. Bureau of Labor Statistics, prices for education and communication commodities are 39.80% lower in 2023 versus 2010 (a $7.96 difference in value).

Between 2010 and 2023: Education and communication commodities experienced an average inflation rate of -3.83% per year. This rate of change indicates significant deflation. In other words, education and communication commodities costing $20 in the year 2010 would cost $12.04 in 2023 for an equivalent purchase. Compared to the overall inflation rate of 2.60% during this same period, inflation for education and communication commodities was significantly lower.

In the year 2010: Pricing changed by -1%, which is above the average yearly change for education and communication commodities during the 2010-2023 time period. Compared to inflation for all items in 2010 (1.64%), inflation for education and communication commodities was lower.

Price Inflation for Education and communication commodities since 2009

Consumer Price Index, U.S. Bureau of Labor Statistics

Years with the largest changes in pricing: 2023 (-7.48%), 2022 (-5.44%), and 2019 (-4.86%).

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Buying power of $20.00 since 2010

Below are calculations of equivalent buying power for Education and communication commodities, over time, for $20 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
2010	$20.00	-1.00%
2011	$19.31	-3.47%
2012	$18.73	-2.99%
2013	$18.15	-3.07%
2014	$17.56	-3.28%
2015	$16.85	-4.05%
2016	$16.16	-4.09%
2017	$15.70	-2.85%
2018	$15.25	-2.83%
2019	$14.51	-4.86%
2020	$13.87	-4.46%
2021	$13.76	-0.75%
2022	$13.01	-5.44%
2023	$12.04	-7.48%*

* 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 commodities:

Year	2009	2010	2011	2012	2013	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023
CPI	100.000	99.002	95.562	92.707	89.864	86.916	83.400	79.988	77.709	75.513	71.839	68.638	68.121	64.413	59.598

Adjust education and communication commodities prices for inflation

Start with the inflation rate formula:

CPI in 2023 / CPI in 2010 * 2010 USD value = 2023 USD value

Then plug in historical CPI values from above. The CPI for Education and communication commodities was 99.002 in the year 2010 and 59.598 in 2023:

59.598 / 99.002 * $20 = $12.04

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 2010 has the same "purchasing power" as $12.04 in 2023 (in the CPI category of Education and communication commodities).

Source: U.S. Bureau of Labor Statistics began tracking the Consumer Price Index for Education and communication commodities in 2009. In addition to education and communication commodities, the index produces monthly data on changes in prices paid by urban consumers for a variety of goods and services.