According to the U.S. Bureau of Labor Statistics, prices for education and communication are 5.22% higher in 2023 versus 2015 (a $13,041,364.19 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 $250,000,000 in the year 2015 would cost $263,041,364.19 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.
Below are calculations of equivalent buying power for Education and communication, over time, for $250,000,000 beginning in 2015. Each of the amounts below is equivalent in terms of what it could buy at the time:
|Year||USD Value||Inflation 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: