According to the U.S. Bureau of Labor Statistics, prices for education and communication are 4.15% higher in 2024 versus 2020 (a $0.83 difference in value).
Between 2020 and 2024: Education and communication experienced an average inflation rate of 1.02% per year. In other words, education and communication costing $20 in the year 2020 would cost $20.83 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 4.89% during this same period, inflation for education and communication was significantly lower.
In the year 2020: Pricing changed by 1.82%, which is above the average yearly change for education and communication during the 2020-2024 time period. Compared to inflation for all items in 2020 (1.23%), inflation for education and communication was higher.
Below are calculations of equivalent buying power for Education and communication, over time, for $20 beginning in 2020. Each of the amounts below is equivalent in terms of what it could buy at the time:
| Year | USD Value | Inflation Rate |
|---|---|---|
| 2020 | $20.00 | 1.82% |
| 2021 | $20.33 | 1.65% |
| 2022 | $20.50 | 0.83% |
| 2023 | $20.70 | 0.97% |
| 2024 | $20.83 | 0.64%* |
* 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:
| 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 | 2023 | 2024 |
| CPI | 85.469 | 88.777 | 92.192 | 95.323 | 98.438 | 100.285 | 101.177 | 102.508 | 105.238 | 107.892 | 109.785 | 111.585 | 113.685 | 116.769 | 119.577 | 123.631 | 127.393 | 129.919 | 131.466 | 133.844 | 135.886 | 137.518 | 138.209 | 139.133 | 136.507 | 136.786 | 137.790 | 140.300 | 142.612 | 143.801 | 145.193 | 146.127 |