According to the U.S. Bureau of Labor Statistics, prices for education and communication commodities were 13.41% lower in 2020 versus 2016 (a $2.68 difference in value).
Between 2016 and 2020: Education and communication commodities experienced an average inflation rate of -3.54% per year. This rate of change indicates significant deflation. In other words, education and communication commodities costing $20 in the year 2016 would cost $17.32 in 2020 for an equivalent purchase. Compared to the overall inflation rate of 1.83% during this same period, inflation for education and communication commodities was significantly lower.
In the year 2016: Pricing changed by -4.09%, which is below the average yearly change for education and communication commodities during the 2016-2020 time period. Compared to inflation for all items in 2016 (1.26%), 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 2016. Each of the amounts below is equivalent in terms of what it could buy at the time:
|Year||USD Value||Inflation Rate|