According to the U.S. Bureau of Labor Statistics, prices for tuition, other school fees, and childcare are 3.79% higher in 2022 versus 2020 (a $0.76 difference in value).
Between 2020 and 2022: Tuition, other school fees, and childcare experienced an average inflation rate of 1.88% per year. In other words, tuition, other school fees, and childcare costing $20 in the year 2020 would cost $20.76 in 2022 for an equivalent purchase. Compared to the overall inflation rate of 6.17% during this same period, inflation for tuition, other school fees, and childcare was significantly lower.
In the year 2020: Pricing changed by 1.96%, which is above the average yearly change for tuition, other school fees, and childcare during the 2020-2022 time period. Compared to inflation for all items in 2020 (1.23%), inflation for tuition, other school fees, and childcare was higher.
Below are calculations of equivalent buying power for Tuition, other school fees, and childcare, over time, for $20 beginning in 2020. 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: