According to the U.S. Bureau of Labor Statistics, prices for education and communication were 3.51% higher in 2021 versus 2018 (a $0.70 difference in value).
Between 2018 and 2021: Education and communication experienced an average inflation rate of 1.16% per year. In other words, education and communication costing $20 in the year 2018 would cost $20.70 in 2021 for an equivalent purchase. Compared to the overall inflation rate of 1.70% during this same period, inflation for education and communication was lower.
In the year 2018: Pricing changed by 0.21%, which is below the average yearly change for education and communication during the 2018-2021 time period. Compared to inflation for all items in 2018 (2.44%), inflation for education and communication was lower.
Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Education and communication:
Below are calculations of equivalent buying power for Education and communication, over time, for $20 beginning in 2018. Each of the amounts below is equivalent in terms of what it could buy at the time:
|Year||USD Value||Inflation Rate|