According to the U.S. Bureau of Labor Statistics, prices for telephone services were 4.31% higher in 2021 versus 2018 (a $2.16 difference in value).
Between 2018 and 2021: Phone service experienced an average inflation rate of 1.42% per year. In other words, phone service costing $50 in the year 2018 would cost $52.16 in 2021 for an equivalent purchase. Compared to the overall inflation rate of 2.19% during this same period, inflation for phone service was lower.
In the year 2018: Pricing changed by -1.50%, which is below the average yearly change for phone service during the 2018-2021 time period. Compared to inflation for all items in 2018 (2.44%), 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 2018. Each of the amounts below is equivalent in terms of what it could buy at the time:
|Year||USD Value||Inflation Rate|