According to the U.S. Bureau of Labor Statistics, prices for education and communication are 58.15% higher in 2024 versus 1995 (a $60,182,292.24 difference in value).
Between 1995 and 2024: Education and communication experienced an average inflation rate of 1.59% per year. In other words, education and communication costing $103,500,000 in the year 1995 would cost $163,682,292.24 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 2.49% during this same period, inflation for education and communication was lower.
In the year 1995: Pricing changed by 3.85%, which is above the average yearly change for education and communication during the 1995-2024 time period. Compared to inflation for all items in 1995 (2.81%), inflation for education and communication was higher.
Below are calculations of equivalent buying power for Education and communication, over time, for $103,500,000 beginning in 1995. Each of the amounts below is equivalent in terms of what it could buy at the time:
Year | USD Value | Inflation Rate |
---|---|---|
1995 | $103,500,000.00 | 3.85% |
1996 | $107,014,768.46 | 3.40% |
1997 | $110,512,265.33 | 3.27% |
1998 | $112,584,856.07 | 1.88% |
1999 | $113,586,608.26 | 0.89% |
2000 | $115,080,600.75 | 1.32% |
2001 | $118,146,307.88 | 2.66% |
2002 | $121,125,657.07 | 2.52% |
2003 | $123,250,062.58 | 1.75% |
2004 | $125,270,838.55 | 1.64% |
2005 | $127,628,410.51 | 1.88% |
2006 | $131,091,364.21 | 2.71% |
2007 | $134,243,170.21 | 2.40% |
2008 | $138,795,183.98 | 3.39% |
2009 | $143,018,519.40 | 3.04% |
2010 | $145,854,168.96 | 1.98% |
2011 | $147,591,172.72 | 1.19% |
2012 | $150,260,755.94 | 1.81% |
2013 | $152,553,214.02 | 1.53% |
2014 | $154,384,952.44 | 1.20% |
2015 | $155,160,274.09 | 0.50% |
2016 | $156,198,382.98 | 0.67% |
2017 | $153,249,777.22 | -1.89% |
2018 | $153,563,688.36 | 0.20% |
2019 | $154,690,055.07 | 0.73% |
2020 | $157,508,087.61 | 1.82% |
2021 | $160,104,180.23 | 1.65% |
2022 | $161,438,237.80 | 0.83% |
2023 | $163,001,143.93 | 0.97% |
2024 | $163,682,292.24 | 0.42%* |
* 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 Education and communication:
Year | 1993 | 1994 | 1995 | 1996 | 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 | 85.469 | 88.777 | 92.192 | 95.323 | 98.438 | 100.285 | 101.177 | 102.508 | 105.238 | 107.892 | 109.785 | 111.585 | 113.685 | 116.769 | 119.577 | 123.631 | 127.393 | 129.919 | 131.466 | 133.844 | 135.886 | 137.518 | 138.209 | 139.133 | 136.507 | 136.786 | 137.790 | 140.300 | 142.612 | 143.801 | 145.193 | 145.799 |