According to the U.S. Bureau of Labor Statistics, prices for wireless telephone services are 2.48% higher in 2023 versus 2020 (a $1.24 difference in value).
Between 2020 and 2023: Cell service experienced an average inflation rate of 0.82% per year. In other words, cell service costing $50 in the year 2020 would cost $51.24 in 2023 for an equivalent purchase. Compared to the overall inflation rate of 5.20% during this same period, inflation for cell service was significantly lower.
In the year 2020: Pricing changed by 2.02%, which is above the average yearly change for cell service during the 2020-2023 time period. Compared to inflation for all items in 2020 (1.23%), inflation for cell service was higher.
Below are calculations of equivalent buying power for Cell service, over time, for $50 beginning in 2020. Each of the amounts below is equivalent in terms of what it could buy at the time:
| Year | USD Value | Inflation Rate |
|---|---|---|
| 2020 | $50.00 | 2.02% |
| 2021 | $50.87 | 1.75% |
| 2022 | $50.64 | -0.45% |
| 2023 | $51.24 | 1.18%* |
* 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:
| Year | 1997 | 1998 | 1999 | 2000 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
| CPI | 100.000 | 95.123 | 84.938 | 75.985 | 68.131 | 67.377 | 66.823 | 66.215 | 64.977 | 64.554 | 64.383 | 64.240 | 64.257 | 62.395 | 60.147 | 59.678 | 58.617 | 57.378 | 55.216 | 54.679 | 48.840 | 47.596 | 46.393 | 47.329 | 48.156 | 47.937 | 48.505 |