According to the U.S. Bureau of Labor Statistics, prices for education and communication services were 5.34% higher in 2021 versus 2017 (a $1.07 difference in value).
Between 2017 and 2021: Education and communication services experienced an average inflation rate of 1.31% per year. In other words, education and communication services costing $20 in the year 2017 would cost $21.07 in 2021 for an equivalent purchase. Compared to the overall inflation rate of 1.89% during this same period, inflation for education and communication services was lower.
In the year 2017: Pricing changed by -1.79%, which is significantly below the average yearly change for education and communication services during the 2017-2021 time period. Compared to inflation for all items in 2017 (2.13%), inflation for education and communication services was much lower.
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 2017. Each of the amounts below is equivalent in terms of what it could buy at the time:
|Year||USD Value||Inflation Rate|