According to the U.S. Bureau of Labor Statistics, prices for technical and business school tuition and fees were 45.31% higher in 2020 versus 2007 (a $9.06 difference in value).
Between 2007 and 2020: Technical and business school tuition and fees experienced an average inflation rate of 2.92% per year. This rate of change indicates significant inflation. In other words, technical and business school tuition and fees costing $20 in the year 2007 would cost $29.06 in 2020 for an equivalent purchase. Compared to the overall inflation rate of 1.70% during this same period, inflation for technical and business school tuition and fees was higher.
In the year 2007: Pricing changed by 4.01%, which is above the average yearly change for technical and business school tuition and fees during the 2007-2020 time period. Compared to inflation for all items in 2007 (2.85%), inflation for technical and business school tuition and fees was higher.
Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Technical and business school tuition and fees:
Below are calculations of equivalent buying power for Technical and business school tuition and fees, over time, for $20 beginning in 2007. Each of the amounts below is equivalent in terms of what it could buy at the time:
|Year||USD Value||Inflation Rate|