Education and communication commodities priced at $20 in 2023 $19.21 in 2024

Education And Communication Commodities Inflation Calculator

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Prices for Education And Communication Commodities, 2023-2024 ($20)

According to the U.S. Bureau of Labor Statistics, prices for education and communication commodities are 3.95% lower in 2024 versus 2023 (a $0.79 difference in value).

Between 2023 and 2024: Education and communication commodities experienced an average inflation rate of -3.95% per year. This rate of change indicates significant deflation. In other words, education and communication commodities costing $20 in the year 2023 would cost $19.21 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 1.86% during this same period, inflation for education and communication commodities was significantly lower.

In the year 2023: Pricing changed by -8.25%, which is significantly 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.

Price Inflation for Education and communication commodities since 2009

Consumer Price Index, U.S. Bureau of Labor Statistics
Years with the largest changes in pricing: 2023 (-8.25%), 2022 (-5.44%), and 2019 (-4.86%).

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Buying power of $20.00 since 2023

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:

YearUSD ValueInflation Rate
2023$20.00-8.25%
2024$19.21-3.95%*

* 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:

Year2009201020112012201320142015201620172018201920202021202220232024
CPI100.00099.00295.56292.70789.86486.91683.40079.98877.70975.51371.83968.63868.12164.41359.09856.766

Adjust education and communication commodities prices for inflation

Start with the inflation rate formula:

CPI in 2024 / CPI in 2023 * 2023 USD value = 2024 USD value

Then plug in historical CPI values from above. The CPI for Education and communication commodities was 59.098 in the year 2023 and 56.766 in 2024:

56.766 / 59.098 * $20 = $19.21

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 2023 has the same "purchasing power" as $19.21 in 2024 (in the CPI category of Education and communication commodities).


Source: U.S. Bureau of Labor Statistics began tracking the Consumer Price Index for Education and communication commodities in 2009. In addition to education and communication commodities, the index produces monthly data on changes in prices paid by urban consumers for a variety of goods and services.

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