Residential telephone services priced at $20 in 2023 $20.82 in 2024

Residential Telephone Services Inflation Calculator

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Prices for Residential Telephone Services, 2023-2024 ($20)

According to the U.S. Bureau of Labor Statistics, prices for residential telephone services are 4.12% higher in 2024 versus 2023 (a $0.82 difference in value).

Between 2023 and 2024: Residential telephone services experienced an average inflation rate of 4.12% per year. This rate of change indicates significant inflation. In other words, residential telephone services costing $20 in the year 2023 would cost $20.82 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 2.83% during this same period, inflation for residential telephone services was higher.

In the year 2023: Pricing changed by 5.84%, which is above the average yearly change for residential telephone services during the 2023-2024 time period. Compared to inflation for all items in 2023 (4.12%), inflation for residential telephone services was higher.

Price Inflation for Residential telephone services since 2009

Consumer Price Index, U.S. Bureau of Labor Statistics
Years with the largest changes in pricing: 2020 (6.72%), 2023 (5.84%), and 2021 (5.66%).

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Buying power of $20.00 since 2023

Below are calculations of equivalent buying power for Residential telephone services, 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
2023$20.005.84%
2024$20.824.12%*

* 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:

Year2009201020112012201320142015201620172018201920202021202220232024
CPI100.000101.612103.325105.582108.146111.059113.423114.514116.103117.216120.791128.908136.198142.276150.582156.784

Adjust residential telephone services 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 Residential telephone services was 150.582 in the year 2023 and 156.784 in 2024:

156.784 / 150.582 * $20 = $20.82

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 2023 has the same "purchasing power" as $20.82 in 2024 (in the CPI category of Residential telephone services).


Source: U.S. Bureau of Labor Statistics began tracking the Consumer Price Index for Residential telephone services in 2009. In addition to residential telephone services, the index produces monthly data on changes in prices paid by urban consumers for a variety of goods and services.

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