According to the U.S. Bureau of Labor Statistics, prices for education and communication services are 8.11% higher in 2024 versus 2020 (a $1.62 difference in value).
Between 2020 and 2024: Education and communication services experienced an average inflation rate of 1.97% per year. In other words, education and communication services costing $20 in the year 2020 would cost $21.62 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 4.91% during this same period, inflation for education and communication services was lower.
In the year 2020: Pricing changed by 2.36%, which is above the average yearly change for education and communication services during the 2020-2024 time period. Compared to inflation for all items in 2020 (1.23%), inflation for education and communication services was higher.
Below are calculations of equivalent buying power for Education and communication services, over time, for $20 beginning in 2020. Each of the amounts below is equivalent in terms of what it could buy at the time:
| Year | USD Value | Inflation Rate |
|---|---|---|
| 2020 | $20.00 | 2.36% |
| 2021 | $20.37 | 1.84% |
| 2022 | $20.72 | 1.71% |
| 2023 | $21.23 | 2.48% |
| 2024 | $21.62 | 1.84%* |
* 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:
| Year | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
| 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 | 115.648 | 117.622 | 120.544 | 122.759 |