According to the U.S. Bureau of Labor Statistics, prices for education and communication are 67.89% higher in 2022 versus 1993 (a $298,731.03 difference in value).
Between 1993 and 2022: Education and communication experienced an average inflation rate of 1.80% per year. In other words, education and communication costing $440,000 in the year 1993 would cost $738,731.03 in 2022 for an equivalent purchase. Compared to the overall inflation rate of 2.39% during this same period, inflation for education and communication was lower.
Below are calculations of equivalent buying power for Education and communication, over time, for $440,000 beginning in 1993. Each of the amounts below is equivalent in terms of what it could buy at the time:
Year | USD Value | Inflation Rate |
---|---|---|
1993 | $440,000.00 | - |
1994 | $456,969.22 | 3.86% |
1995 | $474,281.26 | 3.79% |
1996 | $490,522.01 | 3.42% |
1997 | $506,462.80 | 3.25% |
1998 | $515,633.03 | 1.81% |
1999 | $520,303.86 | 0.91% |
2000 | $527,245.81 | 1.33% |
2001 | $541,172.57 | 2.64% |
2002 | $554,799.38 | 2.52% |
2003 | $564,569.54 | 1.76% |
2004 | $573,696.92 | 1.62% |
2005 | $584,624.07 | 1.90% |
2006 | $600,350.60 | 2.69% |
2007 | $614,867.00 | 2.42% |
2008 | $635,721.15 | 3.39% |
2009 | $655,091.35 | 3.05% |
2010 | $668,092.52 | 1.98% |
2011 | $676,023.92 | 1.19% |
2012 | $688,255.04 | 1.81% |
2013 | $698,751.11 | 1.53% |
2014 | $707,123.88 | 1.20% |
2015 | $710,667.71 | 0.50% |
2016 | $715,449.08 | 0.67% |
2017 | $701,947.84 | -1.89% |
2018 | $703,381.65 | 0.20% |
2019 | $708,546.12 | 0.73% |
2020 | $721,454.73 | 1.82% |
2021 | $733,339.19 | 1.65% |
2022 | $738,731.03 | 0.74%* |
Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Education and communication:
Year | 1993 | 1994 | 1995 | 1996 | 1997 | 1998 | 1999 | 2000 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 |
CPI | 85.567 | 88.867 | 92.233 | 95.392 | 98.492 | 100.275 | 101.183 | 102.533 | 105.242 | 107.892 | 109.792 | 111.567 | 113.692 | 116.750 | 119.573 | 123.629 | 127.395 | 129.924 | 131.466 | 133.845 | 135.886 | 137.514 | 138.203 | 139.133 | 136.508 | 136.786 | 137.791 | 140.301 | 142.612 | 143.661 |