According to the U.S. Bureau of Labor Statistics, prices for education and communication are 10.63% higher in 2022 versus 2010 (a $7,972.85 difference in value).
Between 2010 and 2022: Education and communication experienced an average inflation rate of 0.85% per year. In other words, education and communication costing $75,000 in the year 2010 would cost $82,972.85 in 2022 for an equivalent purchase. Compared to the overall inflation rate of 2.27% during this same period, inflation for education and communication was lower.
In the year 2010: Pricing changed by 1.98%, which is above the average yearly change for education and communication during the 2010-2022 time period. Compared to inflation for all items in 2010 (1.64%), inflation for education and communication was higher.
Below are calculations of equivalent buying power for Education and communication, over time, for $75,000 beginning in 2010. Each of the amounts below is equivalent in terms of what it could buy at the time:
Year | USD Value | Inflation Rate |
---|---|---|
2010 | $75,000.00 | 1.98% |
2011 | $75,890.38 | 1.19% |
2012 | $77,263.44 | 1.81% |
2013 | $78,441.73 | 1.53% |
2014 | $79,381.66 | 1.20% |
2015 | $79,779.49 | 0.50% |
2016 | $80,316.24 | 0.67% |
2017 | $78,800.59 | -1.89% |
2018 | $78,961.55 | 0.20% |
2019 | $79,541.32 | 0.73% |
2020 | $80,990.44 | 1.82% |
2021 | $82,324.58 | 1.65% |
2022 | $82,972.85 | 0.79%* |
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 | 143.735 |