Education and communication priced at $20,000 in 2015 $21,043.31 in 2023

Education And Communication Inflation Calculator


Prices for Education And Communication, 2015-2023 ($20,000)

According to the U.S. Bureau of Labor Statistics, prices for education and communication are 5.22% higher in 2023 versus 2015 (a $1,043.31 difference in value).

Between 2015 and 2023: Education and communication experienced an average inflation rate of 0.64% per year. In other words, education and communication costing $20,000 in the year 2015 would cost $21,043.31 in 2023 for an equivalent purchase. Compared to the overall inflation rate of 3.05% during this same period, inflation for education and communication was lower.

In the year 2015: Pricing changed by 0.50%, which is below the average yearly change for education and communication during the 2015-2023 time period. Compared to inflation for all items in 2015 (0.12%), inflation for education and communication was higher.

Price Inflation for Education and communication since 1993

Consumer Price Index, U.S. Bureau of Labor Statistics
Years with the largest changes in pricing: 1994 (3.87%), 1995 (3.85%), and 1996 (3.40%).

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Buying power of $20,000.00 since 2015

Below are calculations of equivalent buying power for Education and communication, over time, for $20,000 beginning in 2015. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate

* 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:


Adjust education and communication prices for inflation

Start with the inflation rate formula:

CPI in 2023 / CPI in 2015 * 2015 USD value = 2023 USD value

Then plug in historical CPI values from above. The CPI for Education and communication was 138.209 in the year 2015 and 145.418 in 2023:

145.418 / 138.209 * $20,000 = $21,043.31

Therefore, according to U.S. Bureau of Labor Statistics, $20,000 in 2015 has the same "purchasing power" as $21,043.31 in 2023 (in the CPI category of Education and communication).

Source: U.S. Bureau of Labor Statistics began tracking the Consumer Price Index for Education and communication in 1993. In addition to education and communication, the index produces monthly data on changes in prices paid by urban consumers for a variety of goods and services.

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