According to the U.S. Bureau of Labor Statistics, prices for elementary and high school tuition and fees are 25.94% higher in 2023 versus 2016 (a $5.19 difference in value).
Between 2016 and 2023: Elementary and high school tuition and fees experienced an average inflation rate of 3.35% per year. This rate of change indicates significant inflation. In other words, elementary and high school tuition and fees costing $20 in the year 2016 would cost $25.19 in 2023 for an equivalent purchase. Compared to the overall inflation rate of 3.45% during this same period, inflation for elementary and high school tuition and fees was lower.
In the year 2016: Pricing changed by 3.51%, which is above the average yearly change for elementary and high school tuition and fees during the 2016-2023 time period. Compared to inflation for all items in 2016 (1.26%), inflation for elementary and high school tuition and fees was higher.
Below are calculations of equivalent buying power for Elementary and high school tuition and fees, over time, for $20 beginning in 2016. Each of the amounts below is equivalent in terms of what it could buy at the time:
|Year||USD Value||Inflation Rate|
* 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: