According to the U.S. Bureau of Labor Statistics, prices for education were 176.98% higher in 2020 versus 2004 (a $35.40 difference in value).
Between 2004 and 2020: Education experienced an average inflation rate of 6.57% per year. This rate of change indicates significant inflation. In other words, education costing $20 in the year 2004 would cost $55.40 in 2020 for an equivalent purchase. Compared to the overall inflation rate of 1.97% during this same period, inflation for education was significantly higher.
In the year 2004: Pricing changed by 0%, which is significantly below the average yearly change for education during the 2004-2020 time period. Compared to inflation for all items in 2004 (2.68%), inflation for education was lower.
Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Education:
| Year | 1993 | 1994 | 1995 | 1996 | 1997 | 1998 | 1999 | 2000 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 |
| CPI | 78.367 | 83.267 | 88.033 | 92.667 | 97.300 | 97.300 | 97.300 | 97.300 | 97.300 | 97.300 | 97.300 | 97.300 | 97.300 | 97.300 | 97.300 | 97.300 | 97.300 | 97.300 | 97.300 | 97.300 | 97.300 | 97.300 | 97.300 | 97.300 | 97.300 | 258.840 | 265.840 | 269.497 |
Below are calculations of equivalent buying power for Education, over time, for $20 beginning in 2004. Each of the amounts below is equivalent in terms of what it could buy at the time:
| Year | USD Value | Inflation Rate |
|---|---|---|
| 2004 | $20.00 | - |
| 2005 | $20.00 | 0.00% |
| 2006 | $20.00 | 0.00% |
| 2007 | $20.00 | 0.00% |
| 2008 | $20.00 | 0.00% |
| 2009 | $20.00 | 0.00% |
| 2010 | $20.00 | 0.00% |
| 2011 | $20.00 | 0.00% |
| 2012 | $20.00 | 0.00% |
| 2013 | $20.00 | 0.00% |
| 2014 | $20.00 | 0.00% |
| 2015 | $20.00 | 0.00% |
| 2016 | $20.00 | 0.00% |
| 2017 | $20.00 | 0.00% |
| 2018 | $53.20 | 166.02% |
| 2019 | $54.64 | 2.70% |
| 2020 | $55.40 | 1.38%* |