According to the U.S. Bureau of Labor Statistics, prices for education and communication commodities were 21.03% lower in 2020 versus 2014 (a $4.21 difference in value).
Between 2014 and 2020: Education and communication commodities experienced an average inflation rate of -3.86% per year. This rate of change indicates significant deflation. In other words, education and communication commodities costing $20 in the year 2014 would cost $15.79 in 2020 for an equivalent purchase. Compared to the overall inflation rate of 1.50% during this same period, inflation for education and communication commodities was significantly lower.
In the year 2014: Pricing changed by -3.28%, which is above the average yearly change for education and communication commodities during the 2014-2020 time period. Compared to inflation for all items in 2014 (1.62%), inflation for education and communication commodities was much lower.
Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Education and communication commodities:
Below are calculations of equivalent buying power for Education and communication commodities, over time, for $20 beginning in 2014. Each of the amounts below is equivalent in terms of what it could buy at the time:
|Year||USD Value||Inflation Rate|