Technical and business school tuition and fees price inflation, 2022→2024

Technical And Business School Tuition And Fees Inflation Calculator

Prices for Technical And Business School Tuition And Fees, 2022-2024 ($20)

According to the U.S. Bureau of Labor Statistics, prices for technical and business school tuition and fees are 3.63% higher in 2024 versus 2022 (a $0.73 difference in value).

Between 2022 and 2024: Technical and business school tuition and fees experienced an average inflation rate of 1.80% per year. In other words, technical and business school tuition and fees costing $20 in the year 2022 would cost $20.73 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 3.50% during this same period, inflation for technical and business school tuition and fees was lower.

In the year 2022: Pricing changed by 0.99%, which is below the average yearly change for technical and business school tuition and fees during the 2022-2024 time period. Compared to inflation for all items in 2022 (8%), inflation for technical and business school tuition and fees was much lower.

Price Inflation for Technical and business school tuition and fees since 1997

Consumer Price Index, U.S. Bureau of Labor Statistics

Years with the largest changes in pricing: 2005 (8.26%), 2004 (7.95%), and 2003 (7.37%).

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Buying power of $20.00 since 2022

Below are calculations of equivalent buying power for Technical and business school tuition and fees, over time, for $20 beginning in 2022. Each of the amounts below is equivalent in terms of what it could buy at the time:

Year	USD Value	Inflation Rate
2022	$20.00	0.99%
2023	$20.41	2.03%
2024	$20.73	1.57%*

* 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	275.462

Adjust technical and business school tuition and fees prices for inflation

Start with the inflation rate formula:

CPI in 2024 / CPI in 2022 * 2022 USD value = 2024 USD value

Then plug in historical CPI values from above. The CPI for Technical and business school tuition and fees was 265.806 in the year 2022 and 275.462 in 2024:

275.462 / 265.806 * $20 = $20.73

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 2022 has the same "purchasing power" as $20.73 in 2024 (in the CPI category of Technical and business school tuition and fees).

Source: U.S. Bureau of Labor Statistics began tracking the Consumer Price Index for Technical and business school tuition and fees in 1997. In addition to technical and business school tuition and fees, the index produces monthly data on changes in prices paid by urban consumers for a variety of goods and services.