According to the U.S. Bureau of Labor Statistics, prices for education and communication are 58% higher in 2024 versus 1995 (a $2,494,193,742.18 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 $4,300,000,000 in the year 1995 would cost $6,794,193,742.18 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 2.47% 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 $4,300,000,000 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 | $4,300,000,000.00 | 3.85% |
1996 | $4,446,024,196.91 | 3.40% |
1997 | $4,591,330,830.20 | 3.27% |
1998 | $4,677,438,464.75 | 1.88% |
1999 | $4,719,057,154.78 | 0.89% |
2000 | $4,781,126,408.01 | 1.32% |
2001 | $4,908,493,950.77 | 2.66% |
2002 | $5,032,273,675.43 | 2.52% |
2003 | $5,120,534,000.83 | 1.75% |
2004 | $5,204,488,944.51 | 1.64% |
2005 | $5,302,436,378.81 | 1.88% |
2006 | $5,446,307,884.86 | 2.71% |
2007 | $5,577,252,482.27 | 2.40% |
2008 | $5,766,369,962.45 | 3.39% |
2009 | $5,941,832,206.93 | 3.04% |
2010 | $6,059,641,802.25 | 1.98% |
2011 | $6,131,807,175.64 | 1.19% |
2012 | $6,242,717,396.75 | 1.81% |
2013 | $6,337,959,616.19 | 1.53% |
2014 | $6,414,060,826.03 | 1.20% |
2015 | $6,446,272,256.99 | 0.50% |
2016 | $6,489,401,418.44 | 0.67% |
2017 | $6,366,898,957.03 | -1.89% |
2018 | $6,379,940,675.84 | 0.20% |
2019 | $6,426,736,587.40 | 0.73% |
2020 | $6,543,814,267.83 | 1.82% |
2021 | $6,651,671,255.74 | 1.65% |
2022 | $6,707,095,869.84 | 0.83% |
2023 | $6,772,028,201.92 | 0.97% |
2024 | $6,794,193,742.18 | 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 |