According to the U.S. Bureau of Labor Statistics, prices for educational books and supplies were 1.80% lower in 2020 versus 2019 (a $1.80 difference in value).
Between 2019 and 2020: Educational supplies experienced an average inflation rate of -1.80% per year. In other words, educational supplies costing $100 in the year 2019 would cost $98.20 in 2020 for an equivalent purchase. Compared to the overall inflation rate of 0.72% during this same period, inflation for educational supplies was lower.
In the year 2019: Pricing changed by -1.55%, which is above the average yearly change for educational supplies during the 2019-2020 time period. Compared to inflation for all items in 2019 (1.81%), inflation for educational supplies was much lower.
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 2019. Each of the amounts below is equivalent in terms of what it could buy at the time:
|Year||USD Value||Inflation Rate|