Education price inflation, 2021→2022

Education Inflation Calculator

Prices for Education, 2021-2022 ($20)

According to the U.S. Bureau of Labor Statistics, prices for education are 1.97% higher in 2022 versus 2021 (a $0.39 difference in value).

Between 2021 and 2022: Education experienced an average inflation rate of 1.97% per year. In other words, education costing $20 in the year 2021 would cost $20.39 in 2022 for an equivalent purchase. Compared to the overall inflation rate of 6.83% during this same period, inflation for education was significantly lower.

In the year 2021: Pricing changed by 1.41%, which is below the average yearly change for education during the 2021-2022 time period. Compared to inflation for all items in 2021 (4.70%), inflation for education was much lower.

Price Inflation for Education since 1993

Consumer Price Index, U.S. Bureau of Labor Statistics

Years with the largest changes in pricing: 2004 (6.93%), 2003 (6.69%), and 2002 (6.29%).

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Buying power of $20.00 since 2021

Below are calculations of equivalent buying power for Education, over time, for $20 beginning in 2021. Each of the amounts below is equivalent in terms of what it could buy at the time:

Year	USD Value	Inflation Rate
2021	$20.00	1.41%
2022	$20.39	1.97%*

* Not final. See inflation summary for latest details.

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	2021	2022
CPI	78.450	83.300	88.008	92.675	97.267	102.100	106.975	112.517	118.483	125.942	134.367	143.683	152.675	162.075	171.379	181.271	190.860	199.348	207.772	216.334	224.525	231.915	240.530	247.528	253.214	258.840	265.846	270.739	274.556	279.957

Adjust education prices for inflation

Start with the inflation rate formula:

CPI in 2022 / CPI in 2021 * 2021 USD value = 2022 USD value

Then plug in historical CPI values from above. The CPI for Education was 274.556 in the year 2021 and 279.957 in 2022:

279.957 / 274.556 * $20 = $20.39

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 2021 has the same "purchasing power" as $20.39 in 2022 (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.