According to the U.S. Bureau of Labor Statistics, prices for elementary and high school tuition and fees are 414.71% higher in 2024 versus 1991 (a $82.94 difference in value).
Between 1991 and 2024: Elementary and high school tuition and fees experienced an average inflation rate of 5.09% per year. This rate of change indicates significant inflation. In other words, elementary and high school tuition and fees costing $20 in the year 1991 would cost $102.94 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 2.55% during this same period, inflation for elementary and high school tuition and fees was higher.
In the year 1991: Pricing changed by 8.33%, which is significantly above the average yearly change for elementary and high school tuition and fees during the 1991-2024 time period. Compared to inflation for all items in 1991 (4.23%), inflation for elementary and high school tuition and fees was much higher.
Below are calculations of equivalent buying power for Elementary and high school tuition and fees, over time, for $20 beginning in 1991. Each of the amounts below is equivalent in terms of what it could buy at the time:
Year | USD Value | Inflation Rate |
---|---|---|
1991 | $20.00 | 8.33% |
1992 | $21.58 | 7.89% |
1993 | $23.12 | 7.15% |
1994 | $24.50 | 5.98% |
1995 | $26.18 | 6.84% |
1996 | $27.55 | 5.24% |
1997 | $29.10 | 5.60% |
1998 | $31.10 | 6.87% |
1999 | $33.06 | 6.31% |
2000 | $35.34 | 6.90% |
2001 | $37.63 | 6.49% |
2002 | $40.24 | 6.92% |
2003 | $42.91 | 6.65% |
2004 | $45.80 | 6.73% |
2005 | $48.80 | 6.54% |
2006 | $51.63 | 5.81% |
2007 | $54.48 | 5.52% |
2008 | $57.63 | 5.77% |
2009 | $60.64 | 5.22% |
2010 | $63.07 | 4.01% |
2011 | $65.45 | 3.78% |
2012 | $67.79 | 3.57% |
2013 | $70.27 | 3.66% |
2014 | $73.00 | 3.89% |
2015 | $75.82 | 3.86% |
2016 | $78.48 | 3.51% |
2017 | $81.30 | 3.59% |
2018 | $84.65 | 4.12% |
2019 | $87.67 | 3.57% |
2020 | $89.98 | 2.63% |
2021 | $92.30 | 2.58% |
2022 | $95.05 | 2.99% |
2023 | $99.25 | 4.42% |
2024 | $102.94 | 3.72%* |
* 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:
Year | 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 | 57.600 | 59.331 | 64.600 | 72.346 | 81.031 | 91.008 | 99.615 | 109.354 | 119.062 | 129.238 | 141.292 | 154.585 | 167.962 | 182.808 | 198.031 | 213.662 | 228.931 | 242.631 | 259.223 | 272.815 | 288.100 | 307.892 | 327.315 | 349.892 | 372.615 | 398.415 | 424.892 | 453.500 | 483.169 | 511.223 | 539.442 | 570.583 | 600.396 | 624.473 | 648.102 | 671.214 | 695.784 | 722.824 | 750.706 | 777.085 | 804.950 | 838.132 | 868.069 | 890.926 | 913.880 | 941.174 | 982.741 | 1019.294 |