Cell service priced at $50 in 2000 $31.48 in 2018

Historical Price Inflation for Cell service

$

Prices for Cell Service, 2000-2018 ($50)

According to the U.S. Bureau of Labor Statistics, prices for wireless telephone services were 37.05% lower in 2018 versus 2000.

Between 2000 and 2018: Cell service experienced an average inflation rate of -2.54% per year. This rate of change indicates significant deflation. In other words, cell service costing $50 in the year 2000 would cost $31.48 in 2018 for an equivalent purchase. Compared to the overall inflation rate of 2.08% during this same period, inflation for cell service was significantly lower.

In the year 2000: Pricing changed by -10.54%, significantly below the average yearly change for cell service during the 2000-2018 time period. Compared to inflation for all items in 2000 (3.38%), price inflation for cell service was much lower.

Price Inflation for Wireless telephone services since 1997

Consumer Price Index, U.S. Bureau of Labor Statistics
Years with the largest changes in pricing: 1999 (-10.71%), 2017 (-10.68%), and 2000 (-10.54%).

Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Wireless 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
CPI 100.000 95.123 84.938 75.985 68.131 67.377 66.823 66.215 64.977 64.554 64.383 64.240 64.257 62.395 60.147 59.678 58.617 57.378 55.216 54.679 48.840 47.835

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How to calculate the inflation rate for cell service, 2000-2018

Start with the inflation rate formula:

CPI in 2018 / CPI in 2000 * 2000 USD value = 2018 USD value

Then plug in historical CPI values from above. The CPI for Wireless telephone services was 75.985 in the year 2000 and 47.835 in 2018:

47.835 / 75.985 * $50 = $31.48

Therefore, according to U.S. Bureau of Labor Statistics, $50 in 2000 has the same "purchasing power" as $31.48 in 2018 (in the category of Wireless telephone services).


Source: U.S. Bureau of Labor Statistics began tracking the Consumer Price Index for Wireless telephone services in 1997. In addition to cell service, the index produces monthly data on changes in prices paid by urban consumers for a variety of other goods and services.

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