According to the U.S. Bureau of Labor Statistics, prices for wireless telephone services were 19.23% lower in 2020 versus 2014 (a $9.62 difference in value).
Between 2014 and 2020: Cell service experienced an average inflation rate of -3.50% per year. This rate of change indicates significant deflation. In other words, cell service costing $50 in the year 2014 would cost $40.38 in 2020 for an equivalent purchase. Compared to the overall inflation rate of 1.41% 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 2014-2020 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|