Education priced at $20 in 1995 $65.91 in 2023

Education Inflation Calculator

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Prices for Education, 1995-2023 ($20)

According to the U.S. Bureau of Labor Statistics, prices for education are 229.55% higher in 2023 versus 1995 (a $45.91 difference in value).

Between 1995 and 2023: Education experienced an average inflation rate of 4.35% per year. This rate of change indicates significant inflation. In other words, education costing $20 in the year 1995 would cost $65.91 in 2023 for an equivalent purchase. Compared to the overall inflation rate of 2.50% during this same period, inflation for education was higher.

In the year 1995: Pricing changed by 5.70%, which is above the average yearly change for education during the 1995-2023 time period. Compared to inflation for all items in 1995 (2.81%), inflation for education was higher.

Price Inflation for Education since 1993

Consumer Price Index, U.S. Bureau of Labor Statistics
Years with the largest changes in pricing: 2004 (6.96%), 2003 (6.66%), and 2002 (6.29%).

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Buying power of $20.00 since 1995

Below are calculations of equivalent buying power for Education, over time, for $20 beginning in 1995. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1995$20.005.70%
1996$21.065.29%
1997$22.104.97%
1998$23.204.96%
1999$24.304.76%
2000$25.575.20%
2001$26.935.32%
2002$28.626.29%
2003$30.536.66%
2004$32.656.96%
2005$34.696.23%
2006$36.836.17%
2007$38.945.74%
2008$41.195.77%
2009$43.375.29%
2010$45.294.44%
2011$47.214.23%
2012$49.154.12%
2013$51.013.79%
2014$52.693.29%
2015$54.653.72%
2016$56.242.91%
2017$57.532.30%
2018$58.812.22%
2019$60.402.70%
2020$61.511.84%
2021$62.381.41%
2022$64.092.74%
2023$65.912.84%*

* 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 Education:

Year1993199419951996199719981999200020012002200320042005200620072008200920102011201220132014201520162017201820192020202120222023
CPI78.36983.27788.02392.67797.285102.108106.969112.531118.515125.969134.362143.715152.669162.085171.388181.277190.857199.337207.768216.328224.521231.914240.535247.526253.211258.840265.840270.731274.555282.070290.077

Adjust education prices for inflation

Start with the inflation rate formula:

CPI in 2023 / CPI in 1995 * 1995 USD value = 2023 USD value

Then plug in historical CPI values from above. The CPI for Education was 88.023 in the year 1995 and 290.077 in 2023:

290.077 / 88.023 * $20 = $65.91

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 1995 has the same "purchasing power" as $65.91 in 2023 (in the CPI category of Education).


Source: U.S. Bureau of Labor Statistics began tracking the Consumer Price Index for Education in 1993. In addition to education, the index produces monthly data on changes in prices paid by urban consumers for a variety of goods and services.

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