According to the U.S. Bureau of Labor Statistics, prices for education and communication were 4.67% higher in 2020 versus 2012 (a $0.37 difference in value).
Between 2012 and 2020: Education and communication experienced an average inflation rate of 0.57% per year. In other words, education and communication costing $8 in the year 2012 would cost $8.37 in 2020 for an equivalent purchase. Compared to the overall inflation rate of 1.49% during this same period, inflation for education and communication was lower.
In the year 2012: Pricing changed by 1.81%, which is above the average yearly change for education and communication during the 2012-2020 time period. Compared to inflation for all items in 2012 (2.07%), inflation for education and communication was lower.
Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Education and communication:
Below are calculations of equivalent buying power for Education and communication, over time, for $8 beginning in 2012. Each of the amounts below is equivalent in terms of what it could buy at the time:
|Year||USD Value||Inflation Rate|