According to the U.S. Bureau of Labor Statistics, prices for educational books and supplies were 9.38% higher in 2020 versus 2014 (a $9.38 difference in value).
Between 2014 and 2020: Educational supplies experienced an average inflation rate of 1.51% per year. In other words, educational supplies costing $100 in the year 2014 would cost $109.38 in 2020 for an equivalent purchase. Compared to the overall inflation rate of 1.41% during this same period, inflation for educational supplies was higher.
In the year 2014: Pricing changed by 3.49%, which is above the average yearly change for educational supplies during the 2014-2020 time period. Compared to inflation for all items in 2014 (1.62%), inflation for educational supplies was 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 2014. Each of the amounts below is equivalent in terms of what it could buy at the time:
|Year||USD Value||Inflation Rate|