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.
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%* |
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 |