According to the U.S. Bureau of Labor Statistics, prices for educational books and supplies are 0.23% lower in 2021 versus 2017 (a $0.23 difference in value).
Between 2017 and 2021: Educational supplies experienced an average inflation rate of -0.06% per year. In other words, educational supplies costing $100 in the year 2017 would cost $99.77 in 2021 for an equivalent purchase. Compared to the overall inflation rate of 2.40% during this same period, inflation for educational supplies was lower.
In the year 2017: Pricing changed by 1.57%, which is above the average yearly change for educational supplies during the 2017-2021 time period. Compared to inflation for all items in 2017 (2.13%), inflation for educational supplies was lower.
Below are calculations of equivalent buying power for Educational supplies, over time, for $100 beginning in 2017. Each of the amounts below is equivalent in terms of what it could buy at the time:
|Year||USD Value||Inflation Rate|
Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Educational books and supplies: