According to the U.S. Bureau of Labor Statistics, prices for education and communication commodities are 33.26% lower in 2022 versus 2010 (a $6.65 difference in value).
Between 2010 and 2022: Education and communication commodities experienced an average inflation rate of -3.31% per year. This rate of change indicates significant deflation. In other words, education and communication commodities costing $20 in the year 2010 would cost $13.35 in 2022 for an equivalent purchase. Compared to the overall inflation rate of 2.36% 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 2010-2022 time period. Compared to inflation for all items in 2010 (1.64%), inflation for education and communication commodities was lower.
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 | $13.35 | -3.01%* |
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 |
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 | 66.070 |