Education and communication services priced at $20 in 2014 $22.15 in 2023

Education And Communication Services Inflation Calculator

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Prices for Education And Communication Services, 2014-2023 ($20)

According to the U.S. Bureau of Labor Statistics, prices for education and communication services are 10.75% higher in 2023 versus 2014 (a $2.15 difference in value).

Between 2014 and 2023: Education and communication services experienced an average inflation rate of 1.14% per year. In other words, education and communication services costing $20 in the year 2014 would cost $22.15 in 2023 for an equivalent purchase. Compared to the overall inflation rate of 2.83% during this same period, inflation for education and communication services was lower.

In the year 2014: Pricing changed by 1.64%, which is above the average yearly change for education and communication services during the 2014-2023 time period. Compared to inflation for all items in 2014 (1.62%), inflation for education and communication services was higher.

Price Inflation for Education and communication services since 2009

Consumer Price Index, U.S. Bureau of Labor Statistics
Years with the largest changes in pricing: 2023 (2.40%), 2020 (2.36%), and 2012 (2.26%).

View price changes for other categories
Educational books and supplies · Medical care · Housing · Admission to sporting events · More

Buying power of $20.00 since 2014

Below are calculations of equivalent buying power for Education and communication services, over time, for $20 beginning in 2014. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
2014$20.001.64%
2015$20.190.95%
2016$20.421.13%
2017$20.05-1.79%
2018$20.150.50%
2019$20.401.24%
2020$20.882.36%
2021$21.271.84%
2022$21.631.71%
2023$22.152.40%*

* 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 services:

Year200920102011201220132014201520162017201820192020202120222023
CPI100.000100.975102.618104.932106.999108.754109.782111.024109.033109.573110.934113.554115.648117.622120.440

Adjust education and communication services prices for inflation

Start with the inflation rate formula:

CPI in 2023 / CPI in 2014 * 2014 USD value = 2023 USD value

Then plug in historical CPI values from above. The CPI for Education and communication services was 108.754 in the year 2014 and 120.440 in 2023:

120.440 / 108.754 * $20 = $22.15

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 2014 has the same "purchasing power" as $22.15 in 2023 (in the CPI category of Education and communication services).


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

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