According to the U.S. Bureau of Labor Statistics, prices for education and communication are 42.15% higher in 2024 versus 2000 (a $26,557,357,046.38 difference in value).
Between 2000 and 2024: Education and communication experienced an average inflation rate of 1.48% per year. In other words, education and communication costing $63,000,000,000 in the year 2000 would cost $89,557,357,046.38 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 2.48% during this same period, inflation for education and communication was lower.
In the year 2000: Pricing changed by 1.32%, which is below the average yearly change for education and communication during the 2000-2024 time period. Compared to inflation for all items in 2000 (3.38%), inflation for education and communication was lower.
Below are calculations of equivalent buying power for Education and communication, over time, for $63,000,000,000 beginning in 2000. Each of the amounts below is equivalent in terms of what it could buy at the time:
Year | USD Value | Inflation Rate |
---|---|---|
2000 | $63,000,000,000.00 | 1.32% |
2001 | $64,678,298,063.94 | 2.66% |
2002 | $66,309,320,126.07 | 2.52% |
2003 | $67,472,309,770.37 | 1.75% |
2004 | $68,578,568,212.52 | 1.64% |
2005 | $69,869,203,061.68 | 1.88% |
2006 | $71,764,970,733.90 | 2.71% |
2007 | $73,490,402,971.63 | 2.40% |
2008 | $75,982,368,302.57 | 3.39% |
2009 | $78,294,401,170.64 | 3.04% |
2010 | $79,846,755,965.78 | 1.98% |
2011 | $80,797,665,466.01 | 1.19% |
2012 | $82,259,108,509.68 | 1.81% |
2013 | $83,514,097,253.49 | 1.53% |
2014 | $84,516,868,527.69 | 1.20% |
2015 | $84,941,312,471.86 | 0.50% |
2016 | $85,509,617,289.51 | 0.67% |
2017 | $83,895,425,484.02 | -1.89% |
2018 | $84,067,273,750.56 | 0.20% |
2019 | $84,683,894,642.05 | 0.73% |
2020 | $86,226,605,132.82 | 1.82% |
2021 | $87,647,816,298.96 | 1.65% |
2022 | $88,378,135,974.79 | 0.83% |
2023 | $89,233,737,055.38 | 0.97% |
2024 | $89,557,357,046.38 | 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 |