Educational supplies price inflation, 2023→2024

Educational Supplies Inflation Calculator

Prices for Educational Supplies, 2023-2024 ($100)

According to the U.S. Bureau of Labor Statistics, prices for educational books and supplies are 0.59% lower in 2024 versus 2023 (a $0.59 difference in value).

Between 2023 and 2024: Educational supplies experienced an average inflation rate of -0.59% per year. In other words, educational supplies costing $100 in the year 2023 would cost $99.41 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 2.83% during this same period, inflation for educational supplies was significantly lower.

In the year 2023: Pricing changed by -1.58%, which is below the average yearly change for educational supplies during the 2023-2024 time period. Compared to inflation for all items in 2023 (4.12%), inflation for educational supplies was much lower.

Price Inflation for Educational books and supplies since 1967

Consumer Price Index, U.S. Bureau of Labor Statistics

Years with the largest changes in pricing: 1982 (13.30%), 1981 (12.43%), and 1983 (10.31%).

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Buying power of $100.00 since 2023

Below are calculations of equivalent buying power for Educational supplies, over time, for $100 beginning in 2023. Each of the amounts below is equivalent in terms of what it could buy at the time:

Year	USD Value	Inflation Rate
2023	$100.00	-1.58%
2024	$99.41	-0.59%*

* 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:

Year	1967	1968	1969	1970	1971	1972	1973	1974	1975	1976	1977	1978	1979	1980	1981	1982	1983	1984	1985	1986	1987	1988	1989	1990	1991	1992	1993	1994	1995	1996	1997	1998	1999	2000	2001	2002	2003	2004	2005	2006	2007	2008	2009	2010	2011	2012	2013	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
CPI	33.685	35.446	37.400	38.785	41.431	44.154	45.569	47.223	50.277	53.654	56.900	61.623	65.692	71.392	80.269	90.946	100.323	108.738	118.200	128.115	138.123	148.092	158.023	171.292	180.285	190.338	197.577	205.515	214.400	226.923	238.408	250.754	261.708	279.885	295.908	317.554	335.400	351.023	365.638	388.892	420.418	450.187	482.072	505.569	529.545	562.555	594.710	615.447	648.165	678.783	689.453	696.102	685.365	677.716	687.075	712.527	701.241	697.130

Adjust educational supplies prices for inflation

Start with the inflation rate formula:

CPI in 2024 / CPI in 2023 * 2023 USD value = 2024 USD value

Then plug in historical CPI values from above. The CPI for Educational books and supplies was 701.241 in the year 2023 and 697.130 in 2024:

697.130 / 701.241 * $100 = $99.41

Therefore, according to U.S. Bureau of Labor Statistics, $100 in 2023 has the same "purchasing power" as $99.41 in 2024 (in the CPI category of Educational books and supplies).

Source: U.S. Bureau of Labor Statistics began tracking the Consumer Price Index for Educational books and supplies in 1967. In addition to educational supplies, the index produces monthly data on changes in prices paid by urban consumers for a variety of goods and services.