According to the U.S. Bureau of Labor Statistics, prices for education and communication are 3.22% higher in 2022 versus 2016 (a $0.64 difference in value).
Between 2016 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 2016 would cost $20.64 in 2022 for an equivalent purchase. Compared to the overall inflation rate of 3.17% during this same period, inflation for education and communication was lower.
In the year 2016: Pricing changed by 0.67%, which is above the average yearly change for education and communication during the 2016-2022 time period. Compared to inflation for all items in 2016 (1.26%), inflation for education and communication was lower.
Below are calculations of equivalent buying power for Education and communication, over time, for $20 beginning in 2016. Each of the amounts below is equivalent in terms of what it could buy at the time:
| Year | USD Value | Inflation Rate |
|---|---|---|
| 2016 | $20.00 | 0.67% |
| 2017 | $19.62 | -1.89% |
| 2018 | $19.66 | 0.20% |
| 2019 | $19.81 | 0.73% |
| 2020 | $20.17 | 1.82% |
| 2021 | $20.50 | 1.65% |
| 2022 | $20.64 | 0.70%* |
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 |
| CPI | 85.567 | 88.867 | 92.233 | 95.392 | 98.492 | 100.275 | 101.183 | 102.533 | 105.242 | 107.892 | 109.792 | 111.567 | 113.692 | 116.750 | 119.573 | 123.628 | 127.395 | 129.924 | 131.466 | 133.845 | 135.886 | 137.514 | 138.203 | 139.133 | 136.508 | 136.786 | 137.791 | 140.301 | 142.612 | 143.609 |