Phone service priced at $50 in 1998 $46.97 in 2022

Phone Service Inflation Calculator

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Prices for Phone Service, 1998-2022 ($50)

According to the U.S. Bureau of Labor Statistics, prices for telephone services are 6.07% lower in 2022 versus 1998 (a $3.03 difference in value).

Between 1998 and 2022: Phone service experienced an average inflation rate of -0.26% per year. In other words, phone service costing $50 in the year 1998 would cost $46.97 in 2022 for an equivalent purchase. Compared to the overall inflation rate of 2.40% during this same period, inflation for phone service was lower.

In the year 1998: Pricing changed by 0.67%, which is above the average yearly change for phone service during the 1998-2022 time period. Compared to inflation for all items in 1998 (1.55%), inflation for phone service was lower.

Price Inflation for Telephone services since 1997

Consumer Price Index, U.S. Bureau of Labor Statistics
Years with the largest changes in pricing: 2017 (-7.18%), 2020 (3.18%), and 2007 (2.60%).

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Buying power of $50.00 since 1998

Below are calculations of equivalent buying power for Phone service, over time, for $50 beginning in 1998. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1998$50.000.67%
1999$49.69-0.61%
2000$48.91-1.57%
2001$49.300.80%
2002$49.510.42%
2003$48.83-1.38%
2004$47.57-2.58%
2005$47.11-0.96%
2006$47.560.96%
2007$48.802.60%
2008$49.892.24%
2009$50.861.93%
2010$50.85-0.01%
2011$50.27-1.14%
2012$50.500.47%
2013$50.44-0.12%
2014$50.23-0.42%
2015$49.33-1.80%
2016$49.09-0.47%
2017$45.57-7.18%
2018$44.89-1.50%
2019$44.38-1.13%
2020$45.793.18%
2021$46.902.42%
2022$46.970.14%*
* Not final. See inflation summary for latest details.

Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Telephone services:

Year19971998199920002001200220032004200520062007200820092010201120122013201420152016201720182019202020212022
CPI100.000100.669100.05498.48599.26999.68598.30895.76994.85495.76298.247100.451102.392102.379101.209101.685101.559101.13199.31098.84691.75090.37589.35892.19594.42994.560

Adjust phone service prices for inflation

Start with the inflation rate formula:

CPI in 2022 / CPI in 1998 * 1998 USD value = 2022 USD value

Then plug in historical CPI values from above. The CPI for Telephone services was 100.669 in the year 1998 and 94.560 in 2022:

94.560 / 100.669 * $50 = $46.97

Therefore, according to U.S. Bureau of Labor Statistics, $50 in 1998 has the same "purchasing power" as $46.97 in 2022 (in the CPI category of Telephone services).


Source: U.S. Bureau of Labor Statistics began tracking the Consumer Price Index for Telephone services in 1997. In addition to phone service, the index produces monthly data on changes in prices paid by urban consumers for a variety of goods and services.

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