According to the U.S. Bureau of Labor Statistics, prices for telephone services were 1.34% lower in 2020 versus 2017 (a $0.67 difference in value).
Between 2017 and 2020: Phone service experienced an average inflation rate of -0.45% per year. In other words, phone service costing $50 in the year 2017 would cost $49.33 in 2020 for an equivalent purchase. Compared to the overall inflation rate of 1.66% during this same period, inflation for phone service was lower.
In the year 2017: Pricing changed by -7.18%, which is significantly below the average yearly change for phone service during the 2017-2020 time period. Compared to inflation for all items in 2017 (2.13%), inflation for phone service was much lower.
Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Telephone services:
Below are calculations of equivalent buying power for Phone service, over time, for $50 beginning in 2017. Each of the amounts below is equivalent in terms of what it could buy at the time:
|Year||USD Value||Inflation Rate|