According to the U.S. Bureau of Labor Statistics, prices for elementary and high school tuition and fees were 31.91% higher in 2020 versus 2012 (a $6.38 difference in value).
Between 2012 and 2020: Elementary and high school tuition and fees experienced an average inflation rate of 3.52% per year. This rate of change indicates significant inflation. In other words, elementary and high school tuition and fees costing $20 in the year 2012 would cost $26.38 in 2020 for an equivalent purchase. Compared to the overall inflation rate of 1.47% during this same period, inflation for elementary and high school tuition and fees was higher.
In the year 2012: Pricing changed by 3.57%, which is above the average yearly change for elementary and high school tuition and fees during the 2012-2020 time period. Compared to inflation for all items in 2012 (2.07%), inflation for elementary and high school tuition and fees was higher.
Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Elementary and high school tuition and fees:
Below are calculations of equivalent buying power for Elementary and high school tuition and fees, over time, for $20 beginning in 2012. Each of the amounts below is equivalent in terms of what it could buy at the time:
|Year||USD Value||Inflation Rate|