According to the U.S. Bureau of Labor Statistics, prices for educational books and supplies were 4.25% higher in 2020 versus 2015 (a $4.25 difference in value).
Between 2015 and 2020: Educational supplies experienced an average inflation rate of 0.84% per year. In other words, educational supplies costing $100 in the year 2015 would cost $104.25 in 2020 for an equivalent purchase. Compared to the overall inflation rate of 1.73% during this same period, inflation for educational supplies was lower.
In the year 2015: Pricing changed by 5.33%, which is significantly above the average yearly change for educational supplies during the 2015-2020 time period. Compared to inflation for all items in 2015 (0.12%), 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 2015. Each of the amounts below is equivalent in terms of what it could buy at the time:
|Year||USD Value||Inflation Rate|