According to the U.S. Bureau of Labor Statistics, prices for educational books and supplies are 0.78% higher in 2022 versus 2018 (a $0.78 difference in value).
Between 2018 and 2022: Educational supplies experienced an average inflation rate of 0.20% per year. In other words, educational supplies costing $100 in the year 2018 would cost $100.78 in 2022 for an equivalent purchase. Compared to the overall inflation rate of 3.25% during this same period, inflation for educational supplies was significantly lower.
In the year 2018: Pricing changed by 0.96%, which is above the average yearly change for educational supplies during the 2018-2022 time period. Compared to inflation for all items in 2018 (2.44%), inflation for educational supplies was lower.
Below are calculations of equivalent buying power for Educational supplies, over time, for $100 beginning in 2018. 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: