According to the U.S. Bureau of Labor Statistics, prices for education and communication are 4.34% higher in 2022 versus 2014 (a $0.87 difference in value).
Between 2014 and 2022: Education and communication experienced an average inflation rate of 0.53% per year. In other words, education and communication costing $20 in the year 2014 would cost $20.87 in 2022 for an equivalent purchase. Compared to the overall inflation rate of 2.50% during this same period, inflation for education and communication was lower.
In the year 2014: Pricing changed by 1.20%, which is above the average yearly change for education and communication during the 2014-2022 time period. Compared to inflation for all items in 2014 (1.62%), inflation for education and communication was lower.
Below are calculations of equivalent buying power for Education and communication, over time, for $20 beginning in 2014. Each of the amounts below is equivalent in terms of what it could buy at the time:
|Year||USD Value||Inflation Rate|
Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Education and communication: