According to the U.S. Bureau of Labor Statistics, prices for wireless telephone services were 2.65% lower in 2020 versus 2018 (a $1.32 difference in value).
Between 2018 and 2020: Cell service experienced an average inflation rate of -1.33% per year. In other words, cell service costing $50 in the year 2018 would cost $48.68 in 2020 for an equivalent purchase. Compared to the overall inflation rate of 1.32% during this same period, inflation for cell service was lower.
In the year 2018: Pricing changed by -2.55%, which is below the average yearly change for cell service during the 2018-2020 time period. Compared to inflation for all items in 2018 (2.44%), 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 2018. Each of the amounts below is equivalent in terms of what it could buy at the time:
|Year||USD Value||Inflation Rate|