Elementary and high school tuition and fees priced at $20 in 1977 $323.14 in 2022

Elementary And High School Tuition And Fees Inflation Calculator

$

Prices for Elementary And High School Tuition And Fees, 1977-2022 ($20)

According to the U.S. Bureau of Labor Statistics, prices for elementary and high school tuition and fees are 1,515.71% higher in 2022 versus 1977 (a $303.14 difference in value).

Between 1977 and 2022: Elementary and high school tuition and fees experienced an average inflation rate of 6.38% per year. This rate of change indicates significant inflation. In other words, elementary and high school tuition and fees costing $20 in the year 1977 would cost $323.14 in 2022 for an equivalent purchase. Compared to the overall inflation rate of 3.54% during this same period, inflation for elementary and high school tuition and fees was higher.

Price Inflation for Elementary and high school tuition and fees since 1977

Consumer Price Index, U.S. Bureau of Labor Statistics
Years with the largest changes in pricing: 1982 (12.31%), 1981 (12%), and 1980 (11.99%).

View price changes for other categories
Jewelry · Fish and seafood · Public transportation · Boston, Massachusetts · More

Buying power of $20.00 since 1977

Below are calculations of equivalent buying power for Elementary and high school tuition and fees, over time, for $20 beginning in 1977. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1977$20.00-
1978$20.603.00%
1979$22.438.88%
1980$25.1211.99%
1981$28.1412.00%
1982$31.6012.31%
1983$34.599.46%
1984$37.979.78%
1985$41.348.88%
1986$44.878.55%
1987$49.069.33%
1988$53.689.41%
1989$58.328.65%
1990$63.478.84%
1991$68.768.33%
1992$74.197.89%
1993$79.497.15%
1994$84.255.98%
1995$90.016.84%
1996$94.735.24%
1997$100.035.60%
1998$106.916.87%
1999$113.656.31%
2000$121.496.90%
2001$129.386.49%
2002$138.346.92%
2003$147.536.65%
2004$157.476.73%
2005$167.776.54%
2006$177.515.81%
2007$187.315.52%
2008$198.125.77%
2009$208.475.22%
2010$216.834.01%
2011$225.043.78%
2012$233.063.57%
2013$241.593.66%
2014$250.983.89%
2015$260.663.86%
2016$269.823.51%
2017$279.503.59%
2018$291.024.12%
2019$301.413.57%
2020$309.352.63%
2021$317.322.58%
2022$323.141.84%*
* Not final. See inflation summary for latest details.

Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Elementary and high school tuition and fees:

Year1977197819791980198119821983198419851986198719881989199019911992199319941995199619971998199920002001200220032004200520062007200820092010201120122013201420152016201720182019202020212022
CPI57.60059.33164.60072.34681.03191.00899.615109.354119.062129.238141.292154.585167.962182.808198.031213.662228.931242.631259.223272.815288.100307.892327.315349.892372.615398.415424.892453.500483.169511.223539.442570.583600.396624.473648.102671.214695.784722.824750.706777.085804.950838.132868.069890.926913.880930.651

Adjust elementary and high school tuition and fees prices for inflation

Start with the inflation rate formula:

CPI in 2022 / CPI in 1977 * 1977 USD value = 2022 USD value

Then plug in historical CPI values from above. The CPI for Elementary and high school tuition and fees was 57.600 in the year 1977 and 930.651 in 2022:

930.651 / 57.600 * $20 = $323.14

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 1977 has the same "purchasing power" as $323.14 in 2022 (in the CPI category of Elementary and high school tuition and fees).


Source: U.S. Bureau of Labor Statistics began tracking the Consumer Price Index for Elementary and high school tuition and fees in 1977. In addition to elementary and high school tuition and fees, the index produces monthly data on changes in prices paid by urban consumers for a variety of goods and services.

» Read more about inflation and investment.