According to the U.S. Bureau of Labor Statistics, prices for elementary and high school tuition and fees were 23.26% higher in 2020 versus 2014 (a $4.65 difference in value).
Between 2014 and 2020: Elementary and high school tuition and fees experienced an average inflation rate of 3.55% per year. This rate of change indicates significant inflation. In other words, elementary and high school tuition and fees costing $20 in the year 2014 would cost $24.65 in 2020 for an equivalent purchase. Compared to the overall inflation rate of 1.50% during this same period, inflation for elementary and high school tuition and fees was higher.
In the year 2014: Pricing changed by 3.89%, which is above the average yearly change for elementary and high school tuition and fees during the 2014-2020 time period. Compared to inflation for all items in 2014 (1.62%), 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 2014. Each of the amounts below is equivalent in terms of what it could buy at the time:
|Year||USD Value||Inflation Rate|