According to the U.S. Bureau of Labor Statistics, prices for wireless telephone services were 15.89% lower in 2021 versus 2014 (a $7.95 difference in value).
Between 2014 and 2021: Cell service experienced an average inflation rate of -2.44% per year. This rate of change indicates significant deflation. In other words, cell service costing $50 in the year 2014 would cost $42.05 in 2021 for an equivalent purchase. Compared to the overall inflation rate of 1.52% during this same period, inflation for cell service was significantly lower.
In the year 2014: Pricing changed by -2.11%, which is above the average yearly change for cell service during the 2014-2021 time period. Compared to inflation for all items in 2014 (1.62%), inflation for cell service was much lower.
Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Wireless telephone services:
Below are calculations of equivalent buying power for Cell service, over time, for $50 beginning in 2014. Each of the amounts below is equivalent in terms of what it could buy at the time:
|Year||USD Value||Inflation Rate|