According to the U.S. Bureau of Labor Statistics, prices for educational books and supplies were 1.27% higher in 2021 versus 2016 (a $1.27 difference in value).
Between 2016 and 2021: Educational supplies experienced an average inflation rate of 0.25% per year. In other words, educational supplies costing $100 in the year 2016 would cost $101.27 in 2021 for an equivalent purchase. Compared to the overall inflation rate of 2.10% during this same period, inflation for educational supplies was lower.
In the year 2016: Pricing changed by 4.72%, which is significantly above the average yearly change for educational supplies during the 2016-2021 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|