According to the U.S. Bureau of Labor Statistics, prices for education and communication are 58.15% higher in 2024 versus 1995 (a $9,594,278.47 difference in value).
Between 1995 and 2024: Education and communication experienced an average inflation rate of 1.59% per year. In other words, education and communication costing $16,500,000 in the year 1995 would cost $26,094,278.47 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 1995: Pricing changed by 3.85%, which is above the average yearly change for education and communication during the 1995-2024 time period. Compared to inflation for all items in 1995 (2.81%), inflation for education and communication was higher.
Below are calculations of equivalent buying power for Education and communication, over time, for $16,500,000 beginning in 1995. Each of the amounts below is equivalent in terms of what it could buy at the time:
Year | USD Value | Inflation Rate |
---|---|---|
1995 | $16,500,000.00 | 3.85% |
1996 | $17,060,325.41 | 3.40% |
1997 | $17,617,897.37 | 3.27% |
1998 | $17,948,310.39 | 1.88% |
1999 | $18,108,010.01 | 0.89% |
2000 | $18,346,182.73 | 1.32% |
2001 | $18,834,918.65 | 2.66% |
2002 | $19,309,887.36 | 2.52% |
2003 | $19,648,560.70 | 1.75% |
2004 | $19,970,713.39 | 1.64% |
2005 | $20,346,558.20 | 1.88% |
2006 | $20,898,623.28 | 2.71% |
2007 | $21,401,085.11 | 2.40% |
2008 | $22,126,768.46 | 3.39% |
2009 | $22,800,053.82 | 3.04% |
2010 | $23,252,113.89 | 1.98% |
2011 | $23,529,027.53 | 1.19% |
2012 | $23,954,613.27 | 1.81% |
2013 | $24,320,077.60 | 1.53% |
2014 | $24,612,093.87 | 1.20% |
2015 | $24,735,695.87 | 0.50% |
2016 | $24,901,191.49 | 0.67% |
2017 | $24,431,123.90 | -1.89% |
2018 | $24,481,167.71 | 0.20% |
2019 | $24,660,733.42 | 0.73% |
2020 | $25,109,984.98 | 1.82% |
2021 | $25,523,854.82 | 1.65% |
2022 | $25,736,530.66 | 0.83% |
2023 | $25,985,689.61 | 0.97% |
2024 | $26,094,278.47 | 0.42%* |
* 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 | 145.799 |