According to the U.S. Bureau of Labor Statistics, prices for education and communication are 4.99% higher in 2022 versus 2018 (a $49.88 difference in value).
Between 2018 and 2022: Education and communication experienced an average inflation rate of 1.22% per year. In other words, education and communication costing $1,000 in the year 2018 would cost $1,049.88 in 2022 for an equivalent purchase. Compared to the overall inflation rate of 3.62% during this same period, inflation for education and communication was lower.
In the year 2018: Pricing changed by 0.20%, which is below the average yearly change for education and communication during the 2018-2022 time period. Compared to inflation for all items in 2018 (2.44%), inflation for education and communication was lower.
Below are calculations of equivalent buying power for Education and communication, over time, for $1,000 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|
Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Education and communication: