According to the U.S. Bureau of Labor Statistics, prices for education and communication services were 4.80% higher in 2021 versus 2018 (a $0.96 difference in value).
Between 2018 and 2021: Education and communication services experienced an average inflation rate of 1.57% per year. In other words, education and communication services costing $20 in the year 2018 would cost $20.96 in 2021 for an equivalent purchase. Compared to the overall inflation rate of 1.37% during this same period, inflation for education and communication services was higher.
In the year 2018: Pricing changed by 0.50%, which is below the average yearly change for education and communication services during the 2018-2021 time period. Compared to inflation for all items in 2018 (2.44%), inflation for education and communication services was lower.
Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Education and communication services:
Year | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 |
CPI | 100.000 | 100.975 | 102.618 | 104.932 | 106.999 | 108.754 | 109.782 | 111.024 | 109.033 | 109.573 | 110.934 | 113.554 | 114.829 |
Below are calculations of equivalent buying power for Education and communication services, over time, for $20 beginning in 2018. Each of the amounts below is equivalent in terms of what it could buy at the time:
Year | USD Value | Inflation Rate |
---|---|---|
2018 | $20.00 | 0.50% |
2019 | $20.25 | 1.24% |
2020 | $20.73 | 2.36% |
2021 | $20.96 | 1.12%* |