According to the U.S. Bureau of Labor Statistics, prices for education and communication commodities are 5.74% lower in 2024 versus 2023 (a $1.15 difference in value).
Between 2023 and 2024: Education and communication commodities experienced an average inflation rate of -5.74% per year. This rate of change indicates significant deflation. In other words, education and communication commodities costing $20 in the year 2023 would cost $18.85 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 2.83% during this same period, inflation for education and communication commodities was significantly lower.
In the year 2023: Pricing changed by -8.25%, which is below the average yearly change for education and communication commodities during the 2023-2024 time period. Compared to inflation for all items in 2023 (4.12%), 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 2023. Each of the amounts below is equivalent in terms of what it could buy at the time:
| Year | USD Value | Inflation Rate |
|---|---|---|
| 2023 | $20.00 | -8.25% |
| 2024 | $18.85 | -5.74%* |
* 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 | 2024 |
| 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 | 59.098 | 55.707 |