Education and communication priced at $1 in 2016 $0.98 in 2017

Education And Communication Inflation Calculator

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Prices for Education And Communication, 2016-2017 ($1)

According to the U.S. Bureau of Labor Statistics, prices for education and communication were 1.89% lower in 2017 versus 2016 (a $0.02 difference in value).

Between 2016 and 2017: Education and communication experienced an average inflation rate of -1.89% per year. In other words, education and communication costing $1 in the year 2016 would cost $0.98 in 2017 for an equivalent purchase. Compared to the overall inflation rate of 2.13% during this same period, inflation for education and communication was significantly lower.

In the year 2016: Pricing changed by 0.67%, which is above the average yearly change for education and communication during the 2016-2017 time period. Compared to inflation for all items in 2016 (1.26%), inflation for education and communication was lower.

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 $1.00 since 2016

Below are calculations of equivalent buying power for Education and communication, over time, for $1 beginning in 2016. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
2016$1.000.67%
2017$0.98-1.89%
2018$0.980.20%
2019$0.990.73%
2020$1.011.82%
2021$1.031.65%
2022$1.030.83%
2023$1.040.97%
2024$1.050.33%*

* 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:

Year19931994199519961997199819992000200120022003200420052006200720082009201020112012201320142015201620172018201920202021202220232024
CPI85.46988.77792.19295.32398.438100.285101.177102.508105.238107.892109.785111.585113.685116.769119.577123.631127.393129.919131.466133.844135.886137.518138.209139.133136.507136.786137.790140.300142.612143.801145.193145.668

Adjust education and communication prices for inflation

Start with the inflation rate formula:

CPI in 2017 / CPI in 2016 * 2016 USD value = 2017 USD value

Then plug in historical CPI values from above. The CPI for Education and communication was 139.133 in the year 2016 and 136.507 in 2017:

136.507 / 139.133 * $1 = $0.98

Therefore, according to U.S. Bureau of Labor Statistics, $1 in 2016 has the same "purchasing power" as $0.98 in 2017 (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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