According to the U.S. Bureau of Labor Statistics, prices for education and communication services were 3.50% higher in 2020 versus 2014 (a $0.70 difference in value).
Between 2014 and 2020: Education and communication services experienced an average inflation rate of 0.58% per year. In other words, education and communication services costing $20 in the year 2014 would cost $20.70 in 2020 for an equivalent purchase. Compared to the overall inflation rate of 1.45% 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 2014-2020 time period. Compared to inflation for all items in 2014 (1.62%), inflation for education and communication services was higher.
Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Education and communication services:
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:
|Year||USD Value||Inflation Rate|