Tuition, other school fees, and childcare priced at $20 in 1996 $60.15 in 2022

Tuition, Other School Fees, And Childcare Inflation Calculator

$

Prices for Tuition, Other School Fees, And Childcare, 1996-2022 ($20)

According to the U.S. Bureau of Labor Statistics, prices for tuition, other school fees, and childcare are 200.76% higher in 2022 versus 1996 (a $40.15 difference in value).

Between 1996 and 2022: Tuition, other school fees, and childcare experienced an average inflation rate of 4.33% per year. This rate of change indicates significant inflation. In other words, tuition, other school fees, and childcare costing $20 in the year 1996 would cost $60.15 in 2022 for an equivalent purchase. Compared to the overall inflation rate of 2.40% during this same period, inflation for tuition, other school fees, and childcare was higher.

In the year 1996: Pricing changed by 5.24%, which is above the average yearly change for tuition, other school fees, and childcare during the 1996-2022 time period. Compared to inflation for all items in 1996 (2.93%), inflation for tuition, other school fees, and childcare was 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%).

View price changes for other categories
Atlanta, Georgia · Wireless telephone services · Alcoholic beverages · Baby food · More

Buying power of $20.00 since 1996

Below are calculations of equivalent buying power for Tuition, other school fees, and childcare, over time, for $20 beginning in 1996. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1996$20.005.24%
1997$20.994.96%
1998$22.034.94%
1999$23.094.81%
2000$24.265.05%
2001$25.545.29%
2002$27.116.16%
2003$28.956.78%
2004$31.027.15%
2005$33.016.41%
2006$35.046.17%
2007$36.995.56%
2008$39.095.67%
2009$41.105.15%
2010$42.914.41%
2011$44.714.19%
2012$46.493.98%
2013$48.193.66%
2014$49.773.28%
2015$51.573.62%
2016$53.022.80%
2017$54.262.34%
2018$55.502.29%
2019$57.112.90%
2020$58.231.96%
2021$59.051.41%
2022$60.151.86%*

* 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 Tuition, other school fees, and childcare:

Year1977197819791980198119821983198419851986198719881989199019911992199319941995199619971998199920002001200220032004200520062007200820092010201120122013201420152016201720182019202020212022
CPI57.80059.79264.69271.22379.94690.53199.700109.769119.708129.608139.962151.038162.700175.715191.385208.469225.300239.823253.831267.123280.377294.238308.385323.969341.092362.108386.654414.292440.862468.062494.079522.098548.971573.174597.208620.979643.681664.780688.814708.115724.655741.262762.749777.716788.712803.402

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

Start with the inflation rate formula:

CPI in 2022 / CPI in 1996 * 1996 USD value = 2022 USD value

Then plug in historical CPI values from above. The CPI for Tuition, other school fees, and childcare was 267.123 in the year 1996 and 803.402 in 2022:

803.402 / 267.123 * $20 = $60.15

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 1996 has the same "purchasing power" as $60.15 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.

» Read more about inflation and investment.