Education and communication priced at $20 in 2023 $20.09 in 2024

Education And Communication Inflation Calculator


Prices for Education And Communication, 2023-2024 ($20)

According to the U.S. Bureau of Labor Statistics, prices for education and communication are 0.45% higher in 2024 versus 2023 (a $0.09 difference in value).

Between 2023 and 2024: Education and communication experienced an average inflation rate of 0.45% per year. In other words, education and communication costing $20 in the year 2023 would cost $20.09 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 2.44% during this same period, inflation for education and communication was lower.

In the year 2023: Pricing changed by 0.97%, which is above the average yearly change for education and communication during the 2023-2024 time period. Compared to inflation for all items in 2023 (4.12%), inflation for education and communication was much 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 $20.00 since 2023

Below are calculations of equivalent buying power for Education and communication, over time, for $20 beginning in 2023. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate

* 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:


Adjust education and communication prices for inflation

Start with the inflation rate formula:

CPI in 2024 / CPI in 2023 * 2023 USD value = 2024 USD value

Then plug in historical CPI values from above. The CPI for Education and communication was 145.193 in the year 2023 and 145.843 in 2024:

145.843 / 145.193 * $20 = $20.09

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 2023 has the same "purchasing power" as $20.09 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.

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