According to the U.S. Bureau of Labor Statistics, prices for education and communication commodities are 25.49% lower in 2023 versus 2016 (a $5.10 difference in value).
Between 2016 and 2023: Education and communication commodities experienced an average inflation rate of -4.12% per year. This rate of change indicates significant deflation. In other words, education and communication commodities costing $20 in the year 2016 would cost $14.90 in 2023 for an equivalent purchase. Compared to the overall inflation rate of 3.45% during this same period, inflation for education and communication commodities was significantly lower.
In the year 2016: Pricing changed by -4.09%, which is above the average yearly change for education and communication commodities during the 2016-2023 time period. Compared to inflation for all items in 2016 (1.26%), 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 2016. Each of the amounts below is equivalent in terms of what it could buy at the time:
| Year | USD Value | Inflation Rate |
|---|---|---|
| 2016 | $20.00 | -4.09% |
| 2017 | $19.43 | -2.85% |
| 2018 | $18.88 | -2.83% |
| 2019 | $17.96 | -4.86% |
| 2020 | $17.16 | -4.46% |
| 2021 | $17.03 | -0.75% |
| 2022 | $16.11 | -5.44% |
| 2023 | $14.90 | -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 |