According to the U.S. Bureau of Labor Statistics, prices for wireless telephone services were 1.59% higher in 2020 versus 2019 (a $0.79 difference in value).
Between 2019 and 2020: Cell service experienced an average inflation rate of 1.59% per year. In other words, cell service costing $50 in the year 2019 would cost $50.79 in 2020 for an equivalent purchase. Compared to the overall inflation rate of 1.11% during this same period, inflation for cell service was higher.
In the year 2019: Pricing changed by -2.53%, which is significantly below the average yearly change for cell service during the 2019-2020 time period. Compared to inflation for all items in 2019 (1.81%), 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 2019. Each of the amounts below is equivalent in terms of what it could buy at the time:
|Year||USD Value||Inflation Rate|