According to the U.S. Bureau of Labor Statistics, prices for education and communication are 67.83% higher in 2022 versus 1993 (a $189.93 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 $280 in the year 1993 would cost $469.93 in 2022 for an equivalent purchase. Compared to the overall inflation rate of 2.43% 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 $280 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 | $280.00 | - |
1994 | $290.80 | 3.86% |
1995 | $301.82 | 3.79% |
1996 | $312.15 | 3.42% |
1997 | $322.29 | 3.25% |
1998 | $328.13 | 1.81% |
1999 | $331.10 | 0.91% |
2000 | $335.52 | 1.33% |
2001 | $344.38 | 2.64% |
2002 | $353.05 | 2.52% |
2003 | $359.27 | 1.76% |
2004 | $365.08 | 1.62% |
2005 | $372.03 | 1.90% |
2006 | $382.04 | 2.69% |
2007 | $391.28 | 2.42% |
2008 | $404.55 | 3.39% |
2009 | $416.88 | 3.05% |
2010 | $425.15 | 1.98% |
2011 | $430.20 | 1.19% |
2012 | $437.98 | 1.81% |
2013 | $444.66 | 1.53% |
2014 | $449.99 | 1.20% |
2015 | $452.24 | 0.50% |
2016 | $455.29 | 0.67% |
2017 | $446.69 | -1.89% |
2018 | $447.61 | 0.20% |
2019 | $450.89 | 0.73% |
2020 | $459.11 | 1.82% |
2021 | $466.67 | 1.65% |
2022 | $469.93 | 0.70%* |
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 | 123.628 | 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 | 143.609 |