According to the U.S. Bureau of Labor Statistics, prices for telephone services are 4.71% lower in 2022 versus 2015 (a $2.35 difference in value).
Between 2015 and 2022: Phone service experienced an average inflation rate of -0.69% per year. In other words, phone service costing $50 in the year 2015 would cost $47.65 in 2022 for an equivalent purchase. Compared to the overall inflation rate of 2.69% during this same period, inflation for phone service was significantly lower.
In the year 2015: Pricing changed by -1.80%, which is below the average yearly change for phone service during the 2015-2022 time period. Compared to inflation for all items in 2015 (0.12%), inflation for phone service was lower.
Below are calculations of equivalent buying power for Phone service, over time, for $50 beginning in 2015. Each of the amounts below is equivalent in terms of what it could buy at the time:
|Year||USD Value||Inflation Rate|
Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Telephone services: