According to the U.S. Bureau of Labor Statistics, prices for educational books and supplies are 2.40% higher in 2023 versus 2021 (a $2.40 difference in value).
Between 2021 and 2023: Educational supplies experienced an average inflation rate of 1.19% per year. In other words, educational supplies costing $100 in the year 2021 would cost $102.40 in 2023 for an equivalent purchase. Compared to the overall inflation rate of 5.97% during this same period, inflation for educational supplies was significantly lower.
In the year 2021: Pricing changed by 1.38%, which is above the average yearly change for educational supplies during the 2021-2023 time period. Compared to inflation for all items in 2021 (4.70%), inflation for educational supplies was much lower.
Below are calculations of equivalent buying power for Educational supplies, over time, for $100 beginning in 2021. Each of the amounts below is equivalent in terms of what it could buy at the time:
|Year||USD Value||Inflation Rate|
* Not final. See inflation summary for latest details.
** Extended periods of 0% inflation usually indicate incomplete underlying data. This can manifest as a sharp increase in inflation later on.
Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Educational books and supplies: