According to the U.S. Bureau of Labor Statistics, prices for wireless telephone services are 18.36% lower in 2022 versus 2013 (a $9.18 difference in value).
Between 2013 and 2022: Cell service experienced an average inflation rate of -2.23% per year. This rate of change indicates significant deflation. In other words, cell service costing $50 in the year 2013 would cost $40.82 in 2022 for an equivalent purchase. Compared to the overall inflation rate of 2.44% during this same period, inflation for cell service was significantly lower.
In the year 2013: Pricing changed by -1.78%, which is above the average yearly change for cell service during the 2013-2022 time period. Compared to inflation for all items in 2013 (1.46%), inflation for cell service was much lower.
Below are calculations of equivalent buying power for Cell service, over time, for $50 beginning in 2013. 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 Wireless telephone services: