According to the U.S. Bureau of Labor Statistics, prices for educational books and supplies are 3.52% higher in 2022 versus 2020 (a $3.52 difference in value).
Between 2020 and 2022: Educational supplies experienced an average inflation rate of 1.74% per year. In other words, educational supplies costing $100 in the year 2020 would cost $103.52 in 2022 for an equivalent purchase. Compared to the overall inflation rate of 5.01% during this same period, inflation for educational supplies was significantly lower.
In the year 2020: Pricing changed by -1.12%, which is below the average yearly change for educational supplies during the 2020-2022 time period. Compared to inflation for all items in 2020 (1.23%), inflation for educational supplies was lower.
Below are calculations of equivalent buying power for Educational supplies, over time, for $100 beginning in 2020. 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: