Education and communication price inflation, 2000→2022

Education And Communication Inflation Calculator

Prices for Education And Communication, 2000-2022 ($1,200,000)

According to the U.S. Bureau of Labor Statistics, prices for education and communication are 40.06% higher in 2022 versus 2000 (a $480,726.17 difference in value).

Between 2000 and 2022: Education and communication experienced an average inflation rate of 1.54% per year. In other words, education and communication costing $1,200,000 in the year 2000 would cost $1,680,726.17 in 2022 for an equivalent purchase. Compared to the overall inflation rate of 2.39% during this same period, inflation for education and communication was lower.

In the year 2000: Pricing changed by 1.33%, which is below the average yearly change for education and communication during the 2000-2022 time period. Compared to inflation for all items in 2000 (3.38%), inflation for education and communication was lower.

Price Inflation for Education and communication since 1993

Consumer Price Index, U.S. Bureau of Labor Statistics

Years with the largest changes in pricing: 1994 (3.86%), 1995 (3.79%), and 1996 (3.42%).

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Buying power of $1,200,000.00 since 2000

Below are calculations of equivalent buying power for Education and communication, over time, for $1,200,000 beginning in 2000. Each of the amounts below is equivalent in terms of what it could buy at the time:

Year	USD Value	Inflation Rate
2000	$1,200,000.00	1.33%
2001	$1,231,697.01	2.64%
2002	$1,262,711.31	2.52%
2003	$1,284,947.98	1.76%
2004	$1,305,721.72	1.62%
2005	$1,330,591.68	1.90%
2006	$1,366,384.92	2.69%
2007	$1,399,423.93	2.42%
2008	$1,446,887.52	3.39%
2009	$1,490,973.67	3.05%
2010	$1,520,564.04	1.98%
2011	$1,538,615.73	1.19%
2012	$1,566,453.51	1.81%
2013	$1,590,342.33	1.53%
2014	$1,609,398.57	1.20%
2015	$1,617,464.24	0.50%
2016	$1,628,346.55	0.67%
2017	$1,597,618.01	-1.89%
2018	$1,600,881.34	0.20%
2019	$1,612,635.57	0.73%
2020	$1,642,015.28	1.82%
2021	$1,669,064.04	1.65%
2022	$1,680,726.17	0.70%*

* Not final. See inflation summary for latest details.

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
CPI	85.567	88.867	92.233	95.392	98.492	100.275	101.183	102.533	105.242	107.892	109.792	111.567	113.692	116.750	119.573	123.628	127.395	129.924	131.466	133.845	135.886	137.514	138.203	139.133	136.508	136.786	137.791	140.301	142.612	143.609

Adjust education and communication prices for inflation

Start with the inflation rate formula:

CPI in 2022 / CPI in 2000 * 2000 USD value = 2022 USD value

Then plug in historical CPI values from above. The CPI for Education and communication was 102.533 in the year 2000 and 143.609 in 2022:

143.609 / 102.533 * $1,200,000 = $1,680,726.17

Therefore, according to U.S. Bureau of Labor Statistics, $1,200,000 in 2000 has the same "purchasing power" as $1,680,726.17 in 2022 (in the CPI category of Education and communication).

Source: U.S. Bureau of Labor Statistics began tracking the Consumer Price Index for Education and communication in 1993. In addition to education and communication, the index produces monthly data on changes in prices paid by urban consumers for a variety of goods and services.