Education and communication price inflation, 2020→2024

Education And Communication Inflation Calculator

Prices for Education And Communication, 2020-2024 ($4,211)

According to the U.S. Bureau of Labor Statistics, prices for education and communication are 4.13% higher in 2024 versus 2020 (a $173.80 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 $4,211 in the year 2020 would cost $4,384.80 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 4.87% 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.

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 $4,211.00 since 2020

Below are calculations of equivalent buying power for Education and communication, over time, for $4,211 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	$4,211.00	1.82%
2021	$4,280.41	1.65%
2022	$4,316.07	0.83%
2023	$4,357.86	0.97%
2024	$4,384.80	0.62%*

* 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	146.091

Adjust education and communication prices for inflation

Start with the inflation rate formula:

CPI in 2024 / CPI in 2020 * 2020 USD value = 2024 USD value

Then plug in historical CPI values from above. The CPI for Education and communication was 140.300 in the year 2020 and 146.091 in 2024:

146.091 / 140.300 * $4,211 = $4,384.80

Therefore, according to U.S. Bureau of Labor Statistics, $4,211 in 2020 has the same "purchasing power" as $4,384.80 in 2024 (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.