According to the U.S. Bureau of Labor Statistics, prices for education and communication were 65.35% higher in 2021 versus 1993 (a $463.97 difference in value).
Between 1993 and 2021: Education and communication experienced an average inflation rate of 1.81% per year. In other words, education and communication costing $710 in the year 1993 would cost $1,173.97 in 2021 for an equivalent purchase. Compared to the overall inflation rate of 2.17% during this same period, inflation for education and communication was lower.
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 | 123.628 | 127.395 | 129.924 | 131.466 | 133.845 | 135.886 | 137.514 | 138.203 | 139.133 | 136.508 | 136.788 | 137.792 | 140.303 | 141.483 |
Below are calculations of equivalent buying power for Education and communication, over time, for $710 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 | $710.00 | - |
1994 | $737.38 | 3.86% |
1995 | $765.32 | 3.79% |
1996 | $791.52 | 3.42% |
1997 | $817.25 | 3.25% |
1998 | $832.04 | 1.81% |
1999 | $839.58 | 0.91% |
2000 | $850.78 | 1.33% |
2001 | $873.26 | 2.64% |
2002 | $895.24 | 2.52% |
2003 | $911.01 | 1.76% |
2004 | $925.74 | 1.62% |
2005 | $943.37 | 1.90% |
2006 | $968.75 | 2.69% |
2007 | $992.17 | 2.42% |
2008 | $1,025.82 | 3.39% |
2009 | $1,057.08 | 3.05% |
2010 | $1,078.06 | 1.98% |
2011 | $1,090.86 | 1.19% |
2012 | $1,110.59 | 1.81% |
2013 | $1,127.53 | 1.53% |
2014 | $1,141.04 | 1.20% |
2015 | $1,146.76 | 0.50% |
2016 | $1,154.47 | 0.67% |
2017 | $1,132.69 | -1.89% |
2018 | $1,135.02 | 0.21% |
2019 | $1,143.35 | 0.73% |
2020 | $1,164.18 | 1.82% |
2021 | $1,173.97 | 0.84%* |