According to the U.S. Bureau of Labor Statistics, prices for educational books and supplies are 66.88% higher in 2022 versus 2007 (a $66.88 difference in value).
Between 2007 and 2022: Educational supplies experienced an average inflation rate of 3.47% per year. This rate of change indicates significant inflation. In other words, educational supplies costing $100 in the year 2007 would cost $166.88 in 2022 for an equivalent purchase. Compared to the overall inflation rate of 2.15% during this same period, inflation for educational supplies was higher.
In the year 2007: Pricing changed by 8.11%, which is significantly above the average yearly change for educational supplies during the 2007-2022 time period. Compared to inflation for all items in 2007 (2.85%), inflation for educational supplies was much higher.
Below are calculations of equivalent buying power for Educational supplies, over time, for $100 beginning in 2007. Each of the amounts below is equivalent in terms of what it could buy at the time:
Year | USD Value | Inflation Rate |
---|---|---|
2007 | $100.00 | 8.11% |
2008 | $107.08 | 7.08% |
2009 | $114.68 | 7.09% |
2010 | $120.27 | 4.88% |
2011 | $125.96 | 4.73% |
2012 | $133.79 | 6.22% |
2013 | $141.45 | 5.72% |
2014 | $146.39 | 3.49% |
2015 | $154.19 | 5.33% |
2016 | $161.47 | 4.72% |
2017 | $164.00 | 1.57% |
2018 | $165.58 | 0.96% |
2019 | $163.03 | -1.54% |
2020 | $161.21 | -1.12% |
2021 | $163.44 | 1.38% |
2022 | $166.88 | 2.11%* |
Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Educational books and supplies:
Year | 1967 | 1968 | 1969 | 1970 | 1971 | 1972 | 1973 | 1974 | 1975 | 1976 | 1977 | 1978 | 1979 | 1980 | 1981 | 1982 | 1983 | 1984 | 1985 | 1986 | 1987 | 1988 | 1989 | 1990 | 1991 | 1992 | 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 | 33.692 | 35.425 | 37.392 | 38.792 | 41.425 | 44.150 | 45.567 | 47.217 | 50.267 | 53.667 | 56.875 | 61.642 | 65.708 | 71.375 | 80.292 | 90.950 | 100.333 | 108.775 | 118.208 | 128.117 | 138.117 | 148.100 | 158.025 | 171.292 | 180.308 | 190.367 | 197.625 | 205.533 | 214.417 | 226.917 | 238.375 | 250.742 | 261.717 | 279.925 | 295.933 | 317.575 | 335.417 | 351.008 | 365.617 | 388.842 | 420.390 | 450.156 | 482.086 | 505.590 | 529.518 | 562.448 | 594.624 | 615.393 | 648.193 | 678.783 | 689.453 | 696.102 | 685.365 | 677.715 | 687.075 | 701.554 |