Tuition, other school fees, and childcare priced at $20 in 1987 $114.56 in 2022

Tuition, Other School Fees, And Childcare Inflation Calculator

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Prices for Tuition, Other School Fees, And Childcare, 1987-2022 ($20)

According to the U.S. Bureau of Labor Statistics, prices for tuition, other school fees, and childcare are 472.81% higher in 2022 versus 1987 (a $94.56 difference in value).

Between 1987 and 2022: Tuition, other school fees, and childcare experienced an average inflation rate of 5.11% per year. This rate of change indicates significant inflation. In other words, tuition, other school fees, and childcare costing $20 in the year 1987 would cost $114.56 in 2022 for an equivalent purchase. Compared to the overall inflation rate of 2.71% during this same period, inflation for tuition, other school fees, and childcare was higher.

In the year 1987: Pricing changed by 7.99%, which is above the average yearly change for tuition, other school fees, and childcare during the 1987-2022 time period. Compared to inflation for all items in 1987 (3.66%), inflation for tuition, other school fees, and childcare was much higher.

Price Inflation for Tuition, other school fees, and childcare since 1977

Consumer Price Index, U.S. Bureau of Labor Statistics
Years with the largest changes in pricing: 1982 (13.24%), 1981 (12.25%), and 1983 (10.13%).

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Buying power of $20.00 since 1987

Below are calculations of equivalent buying power for Tuition, other school fees, and childcare, over time, for $20 beginning in 1987. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1987$20.007.99%
1988$21.587.91%
1989$23.257.72%
1990$25.118.00%
1991$27.358.92%
1992$29.798.93%
1993$32.198.07%
1994$34.276.45%
1995$36.275.84%
1996$38.175.24%
1997$40.064.96%
1998$42.054.94%
1999$44.074.81%
2000$46.295.05%
2001$48.745.29%
2002$51.746.16%
2003$55.256.78%
2004$59.207.15%
2005$63.006.41%
2006$66.886.17%
2007$70.605.56%
2008$74.615.67%
2009$78.455.15%
2010$81.904.41%
2011$85.344.19%
2012$88.743.98%
2013$91.983.66%
2014$94.993.28%
2015$98.433.62%
2016$101.192.80%
2017$103.552.34%
2018$105.922.29%
2019$108.992.90%
2020$111.131.96%
2021$112.701.41%
2022$114.561.65%*
* Not final. See inflation summary for latest details.

Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Tuition, other school fees, and childcare:

Year1977197819791980198119821983198419851986198719881989199019911992199319941995199619971998199920002001200220032004200520062007200820092010201120122013201420152016201720182019202020212022
CPI57.80059.79264.69271.22379.94690.53199.700109.769119.708129.608139.962151.038162.700175.715191.385208.469225.300239.823253.831267.123280.377294.238308.385323.969341.092362.108386.654414.292440.862468.062494.079522.098548.971573.174597.208620.979643.681664.780688.814708.115724.655741.262762.749777.716788.712801.717

Adjust tuition, other school fees, and childcare prices for inflation

Start with the inflation rate formula:

CPI in 2022 / CPI in 1987 * 1987 USD value = 2022 USD value

Then plug in historical CPI values from above. The CPI for Tuition, other school fees, and childcare was 139.962 in the year 1987 and 801.717 in 2022:

801.717 / 139.962 * $20 = $114.56

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 1987 has the same "purchasing power" as $114.56 in 2022 (in the CPI category of Tuition, other school fees, and childcare).


Source: U.S. Bureau of Labor Statistics began tracking the Consumer Price Index for Tuition, other school fees, and childcare in 1977. In addition to tuition, other school fees, and childcare, the index produces monthly data on changes in prices paid by urban consumers for a variety of goods and services.

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