Education priced at $20 in 2009 $30.40 in 2023

Education Inflation Calculator

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Prices for Education, 2009-2023 ($20)

According to the U.S. Bureau of Labor Statistics, prices for education are 51.99% higher in 2023 versus 2009 (a $10.40 difference in value).

Between 2009 and 2023: Education experienced an average inflation rate of 3.04% per year. This rate of change indicates significant inflation. In other words, education costing $20 in the year 2009 would cost $30.40 in 2023 for an equivalent purchase. Compared to the overall inflation rate of 2.53% during this same period, inflation for education was higher.

In the year 2009: Pricing changed by 5.29%, which is above the average yearly change for education during the 2009-2023 time period. Compared to inflation for all items in 2009 (-0.36%), inflation for education was much 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 2009

Below are calculations of equivalent buying power for Education, over time, for $20 beginning in 2009. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
2009$20.005.29%
2010$20.894.44%
2011$21.774.23%
2012$22.674.12%
2013$23.533.79%
2014$24.303.29%
2015$25.213.72%
2016$25.942.91%
2017$26.532.30%
2018$27.122.22%
2019$27.862.70%
2020$28.371.84%
2021$28.771.41%
2022$29.562.74%
2023$30.402.84%*

* 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 2009 * 2009 USD value = 2023 USD value

Then plug in historical CPI values from above. The CPI for Education was 190.857 in the year 2009 and 290.077 in 2023:

290.077 / 190.857 * $20 = $30.40

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 2009 has the same "purchasing power" as $30.40 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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