According to the U.S. Bureau of Labor Statistics, prices for tuition, other school fees, and childcare were 0.77% higher in 2021 versus 2020 (a $0.15 difference in value).
Between 2020 and 2021: Tuition, other school fees, and childcare experienced an average inflation rate of 0.77% per year. In other words, tuition, other school fees, and childcare costing $20 in the year 2020 would cost $20.15 in 2021 for an equivalent purchase. Compared to the overall inflation rate of 3.55% during this same period, inflation for tuition, other school fees, and childcare was 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 2020-2021 time period. Compared to inflation for all items in 2020 (1.23%), inflation for tuition, other school fees, and childcare was higher.
Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Tuition, other school fees, and childcare:
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|