Education and communication services priced at $20 in 2016 $21.96 in 2024

Education And Communication Services Inflation Calculator

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Prices for Education And Communication Services, 2016-2024 ($20)

According to the U.S. Bureau of Labor Statistics, prices for education and communication services are 9.82% higher in 2024 versus 2016 (a $1.96 difference in value).

Between 2016 and 2024: Education and communication services experienced an average inflation rate of 1.18% per year. In other words, education and communication services costing $20 in the year 2016 would cost $21.96 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 3.27% during this same period, inflation for education and communication services was lower.

In the year 2016: Pricing changed by 1.13%, which is below the average yearly change for education and communication services during the 2016-2024 time period. Compared to inflation for all items in 2016 (1.26%), inflation for education and communication services was lower.

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 (2.48%), 2020 (2.36%), and 2012 (2.26%).

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Buying power of $20.00 since 2016

Below are calculations of equivalent buying power for Education and communication services, over time, for $20 beginning in 2016. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
2016$20.001.13%
2017$19.64-1.79%
2018$19.740.50%
2019$19.981.24%
2020$20.462.36%
2021$20.831.84%
2022$21.191.71%
2023$21.712.48%
2024$21.961.15%*

* 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:

Year2009201020112012201320142015201620172018201920202021202220232024
CPI100.000100.975102.618104.932106.999108.754109.782111.024109.033109.573110.934113.554115.648117.622120.544121.929

Adjust education and communication services prices for inflation

Start with the inflation rate formula:

CPI in 2024 / CPI in 2016 * 2016 USD value = 2024 USD value

Then plug in historical CPI values from above. The CPI for Education and communication services was 111.024 in the year 2016 and 121.929 in 2024:

121.929 / 111.024 * $20 = $21.96

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 2016 has the same "purchasing power" as $21.96 in 2024 (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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