College textbooks priced at $20 in 2023 $19.64 in 2024

College Textbooks Inflation Calculator


Prices for College Textbooks, 2023-2024 ($20)

According to the U.S. Bureau of Labor Statistics, prices for college textbooks are 1.79% lower in 2024 versus 2023 (a $0.36 difference in value).

Between 2023 and 2024: College textbooks experienced an average inflation rate of -1.79% per year. In other words, college textbooks costing $20 in the year 2023 would cost $19.64 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 2.44% during this same period, inflation for college textbooks was significantly lower.

In the year 2023: Pricing changed by -2.20%, which is below the average yearly change for college textbooks during the 2023-2024 time period. Compared to inflation for all items in 2023 (4.12%), inflation for college textbooks was much lower.

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%).

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Buying power of $20.00 since 2023

Below are calculations of equivalent buying power for College textbooks, over time, for $20 beginning in 2023. 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 2023 * 2023 USD value = 2024 USD value

Then plug in historical CPI values from above. The CPI for College textbooks was 240.493 in the year 2023 and 236.178 in 2024:

236.178 / 240.493 * $20 = $19.64

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 2023 has the same "purchasing power" as $19.64 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.

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