According to the U.S. Bureau of Labor Statistics, prices for wireless telephone services are 1.77% lower in 2024 versus 2022 (a $0.88 difference in value).
Between 2022 and 2024: Cell service experienced an average inflation rate of -0.89% per year. In other words, cell service costing $50 in the year 2022 would cost $49.12 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 3.47% during this same period, inflation for cell service was significantly lower.
In the year 2022: Pricing changed by -0.45%, which is above the average yearly change for cell service during the 2022-2024 time period. Compared to inflation for all items in 2022 (8%), inflation for cell service was much lower.
Below are calculations of equivalent buying power for Cell service, over time, for $50 beginning in 2022. Each of the amounts below is equivalent in terms of what it could buy at the time:
| Year | USD Value | Inflation Rate |
|---|---|---|
| 2022 | $50.00 | -0.45% |
| 2023 | $49.84 | -0.32% |
| 2024 | $49.12 | -1.46%* |
* 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 | 2024 |
| 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 | 47.785 | 47.090 |