According to the U.S. Bureau of Labor Statistics, prices for education and communication commodities are 26.79% lower in 2022 versus 2013 (a $5.36 difference in value).
Between 2013 and 2022: Education and communication commodities experienced an average inflation rate of -3.40% per year. This rate of change indicates significant deflation. In other words, education and communication commodities costing $20 in the year 2013 would cost $14.64 in 2022 for an equivalent purchase. Compared to the overall inflation rate of 2.44% during this same period, inflation for education and communication commodities was significantly lower.
In the year 2013: Pricing changed by -3.07%, which is above the average yearly change for education and communication commodities during the 2013-2022 time period. Compared to inflation for all items in 2013 (1.46%), inflation for education and communication commodities was much lower.
Below are calculations of equivalent buying power for Education and communication commodities, over time, for $20 beginning in 2013. Each of the amounts below is equivalent in terms of what it could buy at the time:
|Year||USD Value||Inflation Rate|
Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Education and communication commodities: