According to the U.S. Bureau of Labor Statistics, prices for educational books and supplies are 8.55% higher in 2023 versus 2015 (a $8.55 difference in value).
Between 2015 and 2023: Educational supplies experienced an average inflation rate of 1.03% per year. In other words, educational supplies costing $100 in the year 2015 would cost $108.55 in 2023 for an equivalent purchase. Compared to the overall inflation rate of 3.17% during this same period, inflation for educational supplies was lower.
In the year 2015: Pricing changed by 5.32%, which is significantly above the average yearly change for educational supplies during the 2015-2023 time period. Compared to inflation for all items in 2015 (0.12%), inflation for educational supplies was much higher.
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|
* Not final. See inflation summary for latest details.
** Extended periods of 0% inflation usually indicate incomplete underlying data. This can manifest as a sharp increase in inflation later on.
Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Educational books and supplies: