According to the U.S. Bureau of Labor Statistics, prices for education and communication are 28.51% higher in 2024 versus 2005 (a $9,121,639.56 difference in value).
Between 2005 and 2024: Education and communication experienced an average inflation rate of 1.33% per year. In other words, education and communication costing $32,000,000 in the year 2005 would cost $41,121,639.56 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 2.51% during this same period, inflation for education and communication was lower.
In the year 2005: Pricing changed by 1.88%, which is above the average yearly change for education and communication during the 2005-2024 time period. Compared to inflation for all items in 2005 (3.39%), inflation for education and communication was lower.
Below are calculations of equivalent buying power for Education and communication, over time, for $32,000,000 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 | $32,000,000.00 | 1.88% |
| 2006 | $32,868,259.02 | 2.71% |
| 2007 | $33,658,504.63 | 2.40% |
| 2008 | $34,799,821.37 | 3.39% |
| 2009 | $35,858,729.28 | 3.04% |
| 2010 | $36,569,705.66 | 1.98% |
| 2011 | $37,005,220.92 | 1.19% |
| 2012 | $37,674,559.85 | 1.81% |
| 2013 | $38,249,342.99 | 1.53% |
| 2014 | $38,708,610.87 | 1.20% |
| 2015 | $38,903,005.62 | 0.50% |
| 2016 | $39,163,288.45 | 0.67% |
| 2017 | $38,423,990.80 | -1.89% |
| 2018 | $38,502,697.07 | 0.20% |
| 2019 | $38,785,108.60 | 0.73% |
| 2020 | $39,491,667.91 | 1.82% |
| 2021 | $40,142,580.69 | 1.65% |
| 2022 | $40,477,066.11 | 0.83% |
| 2023 | $40,868,930.24 | 0.97% |
| 2024 | $41,121,639.56 | 0.62%* |
* 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 | 146.091 |