According to the U.S. Bureau of Labor Statistics, prices for residential telephone services are 21.62% higher in 2024 versus 2020 (a $4.32 difference in value).
Between 2020 and 2024: Residential telephone services experienced an average inflation rate of 5.02% per year. This rate of change indicates significant inflation. In other words, residential telephone services costing $20 in the year 2020 would cost $24.32 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 4.89% during this same period, inflation for residential telephone services was higher.
In the year 2020: Pricing changed by 6.72%, which is above the average yearly change for residential telephone services during the 2020-2024 time period. Compared to inflation for all items in 2020 (1.23%), inflation for residential telephone services was much higher.
Below are calculations of equivalent buying power for Residential telephone services, 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 | 6.72% |
| 2021 | $21.13 | 5.66% |
| 2022 | $22.07 | 4.46% |
| 2023 | $23.36 | 5.84% |
| 2024 | $24.32 | 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 |