Education and communication price history from 1993 through 2021

Education And Communication Inflation Calculator

Prices for Education And Communication, 1993-2021 ($700,000)

According to the U.S. Bureau of Labor Statistics, prices for education and communication were 66.05% higher in 2021 versus 1993 (a $462,377 difference in value).

Between 1993 and 2021: Education and communication experienced an average inflation rate of 1.83% per year. In other words, education and communication costing $700,000 in the year 1993 would cost $1,162,377 in 2021 for an equivalent purchase. Compared to the overall inflation rate of 2.23% during this same period, inflation for education and communication was lower.

Price Inflation for Education and communication since 1993

Consumer Price Index, U.S. Bureau of Labor Statistics

Years with the largest changes in pricing: 1994 (3.86%), 1995 (3.79%), and 1996 (3.42%).

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
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	136.788	137.792	140.303	142.087

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Buying power of $700000 since 1993

Below are calculations of equivalent buying power for Education and communication, over time, for $700000 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	$700,000.00	-
1994	$726,996.49	3.86%
1995	$754,538.37	3.79%
1996	$780,375.93	3.42%
1997	$805,736.27	3.25%
1998	$820,325.28	1.81%
1999	$827,756.14	0.91%
2000	$838,800.16	1.33%
2001	$860,956.37	2.64%
2002	$882,635.37	2.52%
2003	$898,178.81	1.76%
2004	$912,699.65	1.62%
2005	$930,083.76	1.90%
2006	$955,103.23	2.69%
2007	$978,197.51	2.42%
2008	$1,011,374.56	3.39%
2009	$1,042,190.79	3.05%
2010	$1,062,874.46	1.98%
2011	$1,075,492.60	1.19%
2012	$1,094,951.21	1.81%
2013	$1,111,649.49	1.53%
2014	$1,124,969.81	1.20%
2015	$1,130,607.71	0.50%
2016	$1,138,214.45	0.67%
2017	$1,116,738.61	-1.89%
2018	$1,119,029.22	0.21%
2019	$1,127,246.79	0.73%
2020	$1,147,782.53	1.82%
2021	$1,162,377.00	1.27%*

* Not final. See inflation summary for latest details.

How to calculate the inflation rate for education and communication, 1993-2021

Start with the inflation rate formula:

CPI in 2021 / CPI in 1993 * 1993 USD value = 2021 USD value

Then plug in historical CPI values from above. The CPI for Education and communication was 85.567 in the year 1993 and 142.087 in 2021:

142.087 / 85.567 * $700,000 = $1,162,377

Therefore, according to U.S. Bureau of Labor Statistics, $700,000 in 1993 has the same "purchasing power" as $1,162,377 in 2021 (in the CPI category of Education and communication).

Source: U.S. Bureau of Labor Statistics began tracking the Consumer Price Index for Education and communication in 1993. In addition to education and communication, the index produces monthly data on changes in prices paid by urban consumers for a variety of goods and services.