According to the U.S. Bureau of Labor Statistics, prices for education and communication are 70.43% higher in 2024 versus 1993 (a $32,399.30 difference in value).
Between 1993 and 2024: Education and communication experienced an average inflation rate of 1.73% per year. In other words, education and communication costing $46,000 in the year 1993 would cost $78,399.30 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 2.49% 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 $46,000 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 | $46,000.00 | - |
1994 | $47,780.22 | 3.87% |
1995 | $49,618.40 | 3.85% |
1996 | $51,303.39 | 3.40% |
1997 | $52,980.11 | 3.27% |
1998 | $53,973.72 | 1.88% |
1999 | $54,453.96 | 0.89% |
2000 | $55,170.19 | 1.32% |
2001 | $56,639.91 | 2.66% |
2002 | $58,068.22 | 2.52% |
2003 | $59,086.67 | 1.75% |
2004 | $60,055.44 | 1.64% |
2005 | $61,185.67 | 1.88% |
2006 | $62,845.83 | 2.71% |
2007 | $64,356.82 | 2.40% |
2008 | $66,539.08 | 3.39% |
2009 | $68,563.76 | 3.04% |
2010 | $69,923.19 | 1.98% |
2011 | $70,755.92 | 1.19% |
2012 | $72,035.73 | 1.81% |
2013 | $73,134.74 | 1.53% |
2014 | $74,012.89 | 1.20% |
2015 | $74,384.58 | 0.50% |
2016 | $74,882.25 | 0.67% |
2017 | $73,468.68 | -1.89% |
2018 | $73,619.17 | 0.20% |
2019 | $74,159.15 | 0.73% |
2020 | $75,510.13 | 1.82% |
2021 | $76,754.71 | 1.65% |
2022 | $77,394.27 | 0.83% |
2023 | $78,143.53 | 0.97% |
2024 | $78,399.30 | 0.33%* |
* 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:
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 | 2023 | 2024 |
CPI | 85.469 | 88.777 | 92.192 | 95.323 | 98.438 | 100.285 | 101.177 | 102.508 | 105.238 | 107.892 | 109.785 | 111.585 | 113.685 | 116.769 | 119.577 | 123.631 | 127.393 | 129.919 | 131.466 | 133.844 | 135.886 | 137.518 | 138.209 | 139.133 | 136.507 | 136.786 | 137.790 | 140.300 | 142.612 | 143.801 | 145.193 | 145.668 |