According to the U.S. Bureau of Labor Statistics, prices for residential telephone services are 10.07% higher in 2024 versus 2022 (a $2.01 difference in value).
Between 2022 and 2024: Residential telephone services experienced an average inflation rate of 4.91% per year. This rate of change indicates significant inflation. In other words, residential telephone services costing $20 in the year 2022 would cost $22.01 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 3.50% during this same period, inflation for residential telephone services was higher.
In the year 2022: Pricing changed by 4.46%, which is below the average yearly change for residential telephone services during the 2022-2024 time period. Compared to inflation for all items in 2022 (8%), inflation for residential telephone services was much lower.
Below are calculations of equivalent buying power for Residential telephone services, over time, for $20 beginning in 2022. Each of the amounts below is equivalent in terms of what it could buy at the time:
| Year | USD Value | Inflation Rate |
|---|---|---|
| 2022 | $20.00 | 4.46% |
| 2023 | $21.17 | 5.84% |
| 2024 | $22.01 | 4.00%* |
* 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 | 156.599 |