According to the U.S. Bureau of Labor Statistics, prices for education and communication are 64.14% higher in 2024 versus 1994 (a $16,035,251.13 difference in value).
Between 1994 and 2024: Education and communication experienced an average inflation rate of 1.67% per year. In other words, education and communication costing $25,000,000 in the year 1994 would cost $41,035,251.13 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.
In the year 1994: Pricing changed by 3.87%, which is above the average yearly change for education and communication during the 1994-2024 time period. Compared to inflation for all items in 1994 (2.60%), inflation for education and communication was higher.
Below are calculations of equivalent buying power for Education and communication, over time, for $25,000,000 beginning in 1994. Each of the amounts below is equivalent in terms of what it could buy at the time:
Year | USD Value | Inflation Rate |
---|---|---|
1994 | $25,000,000.00 | 3.87% |
1995 | $25,961,788.41 | 3.85% |
1996 | $26,843,427.78 | 3.40% |
1997 | $27,720,734.77 | 3.27% |
1998 | $28,240,620.40 | 1.88% |
1999 | $28,491,898.45 | 0.89% |
2000 | $28,866,649.34 | 1.32% |
2001 | $29,635,646.82 | 2.66% |
2002 | $30,382,982.41 | 2.52% |
2003 | $30,915,865.18 | 1.75% |
2004 | $31,422,753.66 | 1.64% |
2005 | $32,014,123.56 | 1.88% |
2006 | $32,882,765.79 | 2.71% |
2007 | $33,673,360.19 | 2.40% |
2008 | $34,815,180.66 | 3.39% |
2009 | $35,874,555.93 | 3.04% |
2010 | $36,585,846.11 | 1.98% |
2011 | $37,021,553.59 | 1.19% |
2012 | $37,691,187.94 | 1.81% |
2013 | $38,266,224.76 | 1.53% |
2014 | $38,725,695.35 | 1.20% |
2015 | $38,920,175.89 | 0.50% |
2016 | $39,180,573.61 | 0.67% |
2017 | $38,440,949.66 | -1.89% |
2018 | $38,519,690.67 | 0.20% |
2019 | $38,802,226.84 | 0.73% |
2020 | $39,509,098.00 | 1.82% |
2021 | $40,160,298.07 | 1.65% |
2022 | $40,494,931.12 | 0.83% |
2023 | $40,886,968.20 | 0.97% |
2024 | $41,035,251.13 | 0.36%* |
* 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 | 145.719 |