According to the U.S. Bureau of Labor Statistics, prices for educational books and supplies were 0.59% lower in 2020 versus 2016 (a $0.59 difference in value).
Between 2016 and 2020: Educational supplies experienced an average inflation rate of -0.15% per year. In other words, educational supplies costing $100 in the year 2016 would cost $99.41 in 2020 for an equivalent purchase. Compared to the overall inflation rate of 1.83% during this same period, inflation for educational supplies was lower.
In the year 2016: Pricing changed by 4.73%, which is significantly above the average yearly change for educational supplies during the 2016-2020 time period. Compared to inflation for all items in 2016 (1.26%), 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 2016. Each of the amounts below is equivalent in terms of what it could buy at the time:
|Year||USD Value||Inflation Rate|