According to the U.S. Bureau of Labor Statistics, prices for education were 1.84% higher in 2020 versus 2019 (a $0.37 difference in value).
Between 2019 and 2020: Education experienced an average inflation rate of 1.84% per year. In other words, education costing $20 in the year 2019 would cost $20.37 in 2020 for an equivalent purchase. Compared to the overall inflation rate of 1.23% during this same period, inflation for education was higher.
In the year 2019: Pricing changed by 2.70%, which is above the average yearly change for education during the 2019-2020 time period. Compared to inflation for all items in 2019 (1.81%), inflation for education was higher.
Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Education:
Below are calculations of equivalent buying power for Education, over time, for $20 beginning in 2019. Each of the amounts below is equivalent in terms of what it could buy at the time:
|Year||USD Value||Inflation Rate|