Education and communication price history from 2005 through 2020

Education And Communication Inflation Calculator

Prices for Education And Communication, 2005-2020 ($1,200,000)

According to the U.S. Bureau of Labor Statistics, prices for education and communication were 23.01% higher in 2020 versus 2005 (a $276,170.20 difference in value).

Between 2005 and 2020: Education and communication experienced an average inflation rate of 1.39% per year. In other words, education and communication costing $1,200,000 in the year 2005 would cost $1,476,170.20 in 2020 for an equivalent purchase. Compared to the overall inflation rate of 1.87% during this same period, inflation for education and communication was lower.

In the year 2005: Pricing changed by 1.90%, which is above the average yearly change for education and communication during the 2005-2020 time period. Compared to inflation for all items in 2005 (3.39%), 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%).

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
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	123.629	127.395	129.924	131.466	133.845	135.886	137.514	138.203	139.130	136.504	136.784	137.788	139.857

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Buying power of $1200000 since 2005

Below are calculations of equivalent buying power for Education and communication, over time, for $1200000 beginning in 2005. Each of the amounts below is equivalent in terms of what it could buy at the time:

Year	USD Value	Inflation Rate
2005	$1,200,000.00	1.90%
2006	$1,232,280.29	2.69%
2007	$1,262,076.67	2.42%
2008	$1,304,881.92	3.39%
2009	$1,344,641.21	3.05%
2010	$1,371,327.42	1.98%
2011	$1,387,607.42	1.19%
2012	$1,412,713.04	1.81%
2013	$1,434,257.27	1.53%
2014	$1,451,443.23	1.20%
2015	$1,458,717.29	0.50%
2016	$1,468,493.73	0.67%
2017	$1,440,783.70	-1.89%
2018	$1,443,732.02	0.20%
2019	$1,454,336.14	0.73%
2020	$1,476,170.20	1.50%*

* Not final. See inflation summary for latest details.

How to calculate the inflation rate for education and communication, 2005-2020

Start with the inflation rate formula:

CPI in 2020 / CPI in 2005 * 2005 USD value = 2020 USD value

Then plug in historical CPI values from above. The CPI for Education and communication was 113.692 in the year 2005 and 139.857 in 2020:

139.857 / 113.692 * $1,200,000 = $1,476,170.20

Therefore, according to U.S. Bureau of Labor Statistics, $1,200,000 in 2005 has the same "purchasing power" as $1,476,170.20 in 2020 (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.