Elementary and high school tuition and fees priced at $20 in 1978 $329.89 in 2023

Elementary And High School Tuition And Fees Inflation Calculator

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Prices for Elementary And High School Tuition And Fees, 1978-2023 ($20)

According to the U.S. Bureau of Labor Statistics, prices for elementary and high school tuition and fees are 1,549.47% higher in 2023 versus 1978 (a $309.89 difference in value).

Between 1978 and 2023: Elementary and high school tuition and fees experienced an average inflation rate of 6.43% per year. This rate of change indicates significant inflation. In other words, elementary and high school tuition and fees costing $20 in the year 1978 would cost $329.89 in 2023 for an equivalent purchase. Compared to the overall inflation rate of 3.48% during this same period, inflation for elementary and high school tuition and fees was higher.

In the year 1978: Pricing changed by 3%, which is significantly below the average yearly change for elementary and high school tuition and fees during the 1978-2023 time period. Compared to inflation for all items in 1978 (7.63%), inflation for elementary and high school tuition and fees was much lower.

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%).

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Buying power of $20.00 since 1978

Below are calculations of equivalent buying power for Elementary and high school tuition and fees, over time, for $20 beginning in 1978. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1978$20.003.00%
1979$21.788.88%
1980$24.3911.99%
1981$27.3112.00%
1982$30.6812.31%
1983$33.589.46%
1984$36.869.78%
1985$40.138.88%
1986$43.578.55%
1987$47.639.33%
1988$52.119.41%
1989$56.628.65%
1990$61.628.84%
1991$66.758.33%
1992$72.027.89%
1993$77.177.15%
1994$81.795.98%
1995$87.386.84%
1996$91.965.24%
1997$97.125.60%
1998$103.796.87%
1999$110.346.31%
2000$117.956.90%
2001$125.616.49%
2002$134.306.92%
2003$143.236.65%
2004$152.876.73%
2005$162.876.54%
2006$172.335.81%
2007$181.845.52%
2008$192.345.77%
2009$202.395.22%
2010$210.514.01%
2011$218.473.78%
2012$226.263.57%
2013$234.543.66%
2014$243.663.89%
2015$253.063.86%
2016$261.953.51%
2017$271.343.59%
2018$282.534.12%
2019$292.623.57%
2020$300.332.63%
2021$308.062.58%
2022$317.262.99%
2023$329.893.98%*

* 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 Elementary and high school tuition and fees:

Year19771978197919801981198219831984198519861987198819891990199119921993199419951996199719981999200020012002200320042005200620072008200920102011201220132014201520162017201820192020202120222023
CPI57.60059.33164.60072.34681.03191.00899.615109.354119.062129.238141.292154.585167.962182.808198.031213.662228.931242.631259.223272.815288.100307.892327.315349.892372.615398.415424.892453.500483.169511.223539.442570.583600.396624.473648.102671.214695.784722.824750.706777.085804.950838.132868.069890.926913.880941.174978.645

Adjust elementary and high school tuition and fees prices for inflation

Start with the inflation rate formula:

CPI in 2023 / CPI in 1978 * 1978 USD value = 2023 USD value

Then plug in historical CPI values from above. The CPI for Elementary and high school tuition and fees was 59.331 in the year 1978 and 978.645 in 2023:

978.645 / 59.331 * $20 = $329.89

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 1978 has the same "purchasing power" as $329.89 in 2023 (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.

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