According to the U.S. Bureau of Labor Statistics, prices for educational books and supplies were 20.15% higher in 2020 versus 2012 (a $20.15 difference in value).
Between 2012 and 2020: Educational supplies experienced an average inflation rate of 2.32% per year. This rate of change indicates significant inflation. In other words, educational supplies costing $100 in the year 2012 would cost $120.15 in 2020 for an equivalent purchase. Compared to the overall inflation rate of 1.48% during this same period, inflation for educational supplies was higher.
In the year 2012: Pricing changed by 6.22%, which is significantly above the average yearly change for educational supplies during the 2012-2020 time period. Compared to inflation for all items in 2012 (2.07%), inflation for educational supplies was much higher.
Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Educational books and supplies:
Below are calculations of equivalent buying power for Educational supplies, over time, for $100 beginning in 2012. Each of the amounts below is equivalent in terms of what it could buy at the time:
|Year||USD Value||Inflation Rate|