According to the U.S. Bureau of Labor Statistics, prices for tuition, other school fees, and childcare are 17.19% higher in 2022 versus 2015 (a $3.44 difference in value).
Between 2015 and 2022: Tuition, other school fees, and childcare experienced an average inflation rate of 2.29% per year. This rate of change indicates significant inflation. In other words, tuition, other school fees, and childcare costing $20 in the year 2015 would cost $23.44 in 2022 for an equivalent purchase. Compared to the overall inflation rate of 3.01% during this same period, inflation for tuition, other school fees, and childcare was lower.
In the year 2015: Pricing changed by 3.62%, which is above the average yearly change for tuition, other school fees, and childcare during the 2015-2022 time period. Compared to inflation for all items in 2015 (0.12%), inflation for tuition, other school fees, and childcare was much higher.
Below are calculations of equivalent buying power for Tuition, other school fees, and childcare, over time, for $20 beginning in 2015. Each of the amounts below is equivalent in terms of what it could buy at the time:
|Year||USD Value||Inflation Rate|
* 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: