According to the U.S. Bureau of Labor Statistics, prices for technical and business school tuition and fees are 113.71% higher in 2024 versus 2002 (a $22.74 difference in value).
Between 2002 and 2024: Technical and business school tuition and fees experienced an average inflation rate of 3.51% per year. This rate of change indicates significant inflation. In other words, technical and business school tuition and fees costing $20 in the year 2002 would cost $42.74 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 2.55% during this same period, inflation for technical and business school tuition and fees was higher.
In the year 2002: Pricing changed by 5.17%, which is above the average yearly change for technical and business school tuition and fees during the 2002-2024 time period. Compared to inflation for all items in 2002 (1.59%), inflation for technical and business school tuition and fees was much higher.
Below are calculations of equivalent buying power for Technical and business school tuition and fees, over time, for $20 beginning in 2002. Each of the amounts below is equivalent in terms of what it could buy at the time:
| Year | USD Value | Inflation Rate |
|---|---|---|
| 2002 | $20.00 | 5.17% |
| 2003 | $21.47 | 7.37% |
| 2004 | $23.18 | 7.95% |
| 2005 | $25.10 | 8.26% |
| 2006 | $26.52 | 5.67% |
| 2007 | $27.58 | 4.01% |
| 2008 | $28.85 | 4.59% |
| 2009 | $30.10 | 4.36% |
| 2010 | $31.17 | 3.56% |
| 2011 | $32.74 | 5.01% |
| 2012 | $34.13 | 4.27% |
| 2013 | $35.13 | 2.92% |
| 2014 | $35.78 | 1.84% |
| 2015 | $36.32 | 1.53% |
| 2016 | $36.93 | 1.68% |
| 2017 | $38.11 | 3.17% |
| 2018 | $38.92 | 2.14% |
| 2019 | $39.35 | 1.11% |
| 2020 | $40.25 | 2.28% |
| 2021 | $40.86 | 1.51% |
| 2022 | $41.26 | 0.99% |
| 2023 | $42.10 | 2.03% |
| 2024 | $42.74 | 1.52%* |
* 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 Technical and business school tuition and fees:
| Year | 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 | 100.000 | 102.408 | 109.938 | 116.138 | 122.492 | 128.831 | 138.331 | 149.323 | 161.662 | 170.823 | 177.666 | 185.812 | 193.920 | 200.814 | 210.868 | 219.875 | 226.290 | 230.461 | 233.982 | 237.917 | 245.462 | 250.712 | 253.499 | 259.278 | 263.197 | 265.806 | 271.210 | 275.326 |