According to the U.S. Bureau of Labor Statistics, prices for wireless telephone services are 12.15% lower in 2023 versus 2015 (a $6.08 difference in value).
Between 2015 and 2023: Cell service experienced an average inflation rate of -1.61% per year. In other words, cell service costing $50 in the year 2015 would cost $43.92 in 2023 for an equivalent purchase. Compared to the overall inflation rate of 3.05% during this same period, inflation for cell service was significantly lower.
In the year 2015: Pricing changed by -3.77%, which is below the average yearly change for cell service during the 2015-2023 time period. Compared to inflation for all items in 2015 (0.12%), inflation for cell service was much lower.
Below are calculations of equivalent buying power for Cell service, over time, for $50 beginning in 2015. Each of the amounts below is equivalent in terms of what it could buy at the time:
|Year||USD Value||Inflation Rate|
* Not final. See inflation summary for latest details.
** Extended periods of 0% inflation usually indicate incomplete underlying data. This can manifest as a sharp increase in inflation later on.
Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Wireless telephone services: