College textbooks priced at $20 in 2012 $24.77 in 2024

College Textbooks Inflation Calculator


Prices for College Textbooks, 2012-2024 ($20)

According to the U.S. Bureau of Labor Statistics, prices for college textbooks are 23.84% higher in 2024 versus 2012 (a $4.77 difference in value).

Between 2012 and 2024: College textbooks experienced an average inflation rate of 1.80% per year. In other words, college textbooks costing $20 in the year 2012 would cost $24.77 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 2.57% during this same period, inflation for college textbooks was lower.

In the year 2012: Pricing changed by 6.94%, which is significantly above the average yearly change for college textbooks during the 2012-2024 time period. Compared to inflation for all items in 2012 (2.07%), inflation for college textbooks was much higher.

Price Inflation for College textbooks since 2001

Consumer Price Index, U.S. Bureau of Labor Statistics
Years with the largest changes in pricing: 2007 (8.31%), 2009 (7.52%), and 2008 (7.52%).

View price changes for other categories
Juices and nonalcoholic drinks · College tuition and fees · Televisions · Airline fares · More

Buying power of $20.00 since 2012

Below are calculations of equivalent buying power for College textbooks, over time, for $20 beginning in 2012. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate

* 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 College textbooks:


Adjust college textbooks prices for inflation

Start with the inflation rate formula:

CPI in 2024 / CPI in 2012 * 2012 USD value = 2024 USD value

Then plug in historical CPI values from above. The CPI for College textbooks was 189.644 in the year 2012 and 234.862 in 2024:

234.862 / 189.644 * $20 = $24.77

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 2012 has the same "purchasing power" as $24.77 in 2024 (in the CPI category of College textbooks).

Source: U.S. Bureau of Labor Statistics began tracking the Consumer Price Index for College textbooks in 2001. In addition to college textbooks, the index produces monthly data on changes in prices paid by urban consumers for a variety of goods and services.

» Read more about inflation and investment.