Phone service priced at $50 in 2021 $50.09 in 2022

Phone Service Inflation Calculator

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Prices for Phone Service, 2021-2022 ($50)

According to the U.S. Bureau of Labor Statistics, prices for telephone services are 0.18% higher in 2022 versus 2021 (a $0.09 difference in value).

Between 2021 and 2022: Phone service experienced an average inflation rate of 0.18% per year. In other words, phone service costing $50 in the year 2021 would cost $50.09 in 2022 for an equivalent purchase. Compared to the overall inflation rate of 5.83% during this same period, inflation for phone service was significantly lower.

In the year 2021: Pricing changed by 2.42%, which is above the average yearly change for phone service during the 2021-2022 time period. Compared to inflation for all items in 2021 (4.70%), 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 2021

Below are calculations of equivalent buying power for Phone service, over time, for $50 beginning in 2021. Each of the amounts below is equivalent in terms of what it could buy at the time:

Year USD Value Inflation Rate
2021 $50.00 2.42%
2022 $50.09 0.18%*
* Not final. See inflation summary for latest details.

Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Telephone services:

Year 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022
CPI 100.000 100.669 100.054 98.485 99.269 99.685 98.308 95.769 94.854 95.762 98.247 100.451 102.392 102.379 101.209 101.685 101.559 101.131 99.310 98.846 91.750 90.375 89.358 92.195 94.429 94.597

Adjust phone service prices for inflation

Start with the inflation rate formula:

CPI in 2022 / CPI in 2021 * 2021 USD value = 2022 USD value

Then plug in historical CPI values from above. The CPI for Telephone services was 94.429 in the year 2021 and 94.597 in 2022:

94.597 / 94.429 * $50 = $50.09

Therefore, according to U.S. Bureau of Labor Statistics, $50 in 2021 has the same "purchasing power" as $50.09 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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