According to the U.S. Bureau of Labor Statistics, prices for residential telephone services are 54.30% higher in 2024 versus 2010 (a $10.86 difference in value).
Between 2010 and 2024: Residential telephone services experienced an average inflation rate of 3.15% per year. This rate of change indicates significant inflation. In other words, residential telephone services costing $20 in the year 2010 would cost $30.86 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 2.62% during this same period, inflation for residential telephone services was higher.
In the year 2010: Pricing changed by 1.61%, which is below the average yearly change for residential telephone services during the 2010-2024 time period. Compared to inflation for all items in 2010 (1.64%), inflation for residential telephone services was lower.
Below are calculations of equivalent buying power for Residential telephone services, over time, for $20 beginning in 2010. Each of the amounts below is equivalent in terms of what it could buy at the time:
| Year | USD Value | Inflation Rate |
|---|---|---|
| 2010 | $20.00 | 1.61% |
| 2011 | $20.34 | 1.69% |
| 2012 | $20.78 | 2.18% |
| 2013 | $21.29 | 2.43% |
| 2014 | $21.86 | 2.69% |
| 2015 | $22.32 | 2.13% |
| 2016 | $22.54 | 0.96% |
| 2017 | $22.85 | 1.39% |
| 2018 | $23.07 | 0.96% |
| 2019 | $23.77 | 3.05% |
| 2020 | $25.37 | 6.72% |
| 2021 | $26.81 | 5.66% |
| 2022 | $28.00 | 4.46% |
| 2023 | $29.64 | 5.84% |
| 2024 | $30.86 | 4.12%* |
* 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 Residential telephone services:
| Year | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
| CPI | 100.000 | 101.612 | 103.325 | 105.582 | 108.146 | 111.059 | 113.423 | 114.514 | 116.103 | 117.216 | 120.791 | 128.908 | 136.198 | 142.276 | 150.582 | 156.784 |