According to the U.S. Bureau of Labor Statistics, prices for telephone services are 7.10% lower in 2022 versus 2012 (a $3.55 difference in value).
Between 2012 and 2022: Phone service experienced an average inflation rate of -0.73% per year. In other words, phone service costing $50 in the year 2012 would cost $46.45 in 2022 for an equivalent purchase. Compared to the overall inflation rate of 2.42% during this same period, inflation for phone service was significantly lower.
In the year 2012: Pricing changed by 0.47%, which is above the average yearly change for phone service during the 2012-2022 time period. Compared to inflation for all items in 2012 (2.07%), inflation for phone service was lower.
Below are calculations of equivalent buying power for Phone service, over time, for $50 beginning in 2012. Each of the amounts below is equivalent in terms of what it could buy at the time:
|Year||USD Value||Inflation Rate|
* 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: