According to the U.S. Bureau of Labor Statistics, prices for telephone services are 5.33% lower in 2024 versus 1997 (a $2.66 difference in value).
Between 1997 and 2024: Phone service experienced an average inflation rate of -0.20% per year. In other words, phone service costing $50 in the year 1997 would cost $47.34 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 2.50% during this same period, inflation for phone service was lower.
Below are calculations of equivalent buying power for Phone service, over time, for $50 beginning in 1997. Each of the amounts below is equivalent in terms of what it could buy at the time:
Year | USD Value | Inflation Rate |
---|---|---|
1997 | $50.00 | - |
1998 | $50.33 | 0.67% |
1999 | $50.03 | -0.61% |
2000 | $49.24 | -1.57% |
2001 | $49.63 | 0.80% |
2002 | $49.84 | 0.42% |
2003 | $49.15 | -1.38% |
2004 | $47.88 | -2.58% |
2005 | $47.43 | -0.96% |
2006 | $47.88 | 0.96% |
2007 | $49.12 | 2.60% |
2008 | $50.23 | 2.24% |
2009 | $51.20 | 1.93% |
2010 | $51.19 | -0.01% |
2011 | $50.60 | -1.14% |
2012 | $50.84 | 0.47% |
2013 | $50.78 | -0.12% |
2014 | $50.57 | -0.42% |
2015 | $49.66 | -1.80% |
2016 | $49.42 | -0.47% |
2017 | $45.87 | -7.18% |
2018 | $45.19 | -1.50% |
2019 | $44.68 | -1.13% |
2020 | $46.10 | 3.18% |
2021 | $47.21 | 2.42% |
2022 | $47.39 | 0.38% |
2023 | $47.67 | 0.58% |
2024 | $47.34 | -0.69%* |
* 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 Telephone services:
Year | 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 | 100.000 | 100.669 | 100.054 | 98.485 | 99.269 | 99.685 | 98.308 | 95.769 | 94.854 | 95.762 | 98.247 | 100.451 | 102.392 | 102.379 | 101.209 | 101.685 | 101.559 | 101.131 | 99.310 | 98.846 | 91.750 | 90.375 | 89.358 | 92.195 | 94.429 | 94.785 | 95.333 | 94.672 |