Phone service priced at $50 in 2001 $47.74 in 2022

Phone Service Inflation Calculator

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Prices for Phone Service, 2001-2022 ($50)

According to the U.S. Bureau of Labor Statistics, prices for telephone services are 4.52% lower in 2022 versus 2001 (a $2.26 difference in value).

Between 2001 and 2022: Phone service experienced an average inflation rate of -0.22% per year. In other words, phone service costing $50 in the year 2001 would cost $47.74 in 2022 for an equivalent purchase. Compared to the overall inflation rate of 2.42% during this same period, inflation for phone service was lower.

In the year 2001: Pricing changed by 0.80%, which is above the average yearly change for phone service during the 2001-2022 time period. Compared to inflation for all items in 2001 (2.83%), 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 2001

Below are calculations of equivalent buying power for Phone service, over time, for $50 beginning in 2001. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
2001$50.000.80%
2002$50.210.42%
2003$49.52-1.38%
2004$48.24-2.58%
2005$47.78-0.96%
2006$48.230.96%
2007$49.492.60%
2008$50.602.24%
2009$51.571.93%
2010$51.57-0.01%
2011$50.98-1.14%
2012$51.220.47%
2013$51.15-0.12%
2014$50.94-0.42%
2015$50.02-1.80%
2016$49.79-0.47%
2017$46.21-7.18%
2018$45.52-1.50%
2019$45.01-1.13%
2020$46.443.18%
2021$47.562.42%
2022$47.740.38%*

* 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 Telephone services:

Year19971998199920002001200220032004200520062007200820092010201120122013201420152016201720182019202020212022
CPI100.000100.669100.05498.48599.26999.68598.30895.76994.85495.76298.247100.451102.392102.379101.209101.685101.559101.13199.31098.84691.75090.37589.35892.19594.42994.785

Adjust phone service prices for inflation

Start with the inflation rate formula:

CPI in 2022 / CPI in 2001 * 2001 USD value = 2022 USD value

Then plug in historical CPI values from above. The CPI for Telephone services was 99.269 in the year 2001 and 94.785 in 2022:

94.785 / 99.269 * $50 = $47.74

Therefore, according to U.S. Bureau of Labor Statistics, $50 in 2001 has the same "purchasing power" as $47.74 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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