Education priced at $20 in 2000 $45.93 in 2018

Historical Price Inflation for Education

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Prices for Education, 2000-2018 ($20)

According to the U.S. Bureau of Labor Statistics, prices for education were 129.66% higher in 2018 versus 2000 (a $25.93 difference in value).

Between 2000 and 2018: Education experienced an average inflation rate of 4.73% per year. This rate of change indicates significant inflation. In other words, education costing $20 in the year 2000 would cost $45.93 in 2018 for an equivalent purchase. Compared to the overall inflation rate of 2.12% during this same period, inflation for education was higher.

In the year 2000: Pricing changed by 5.20%, which is above the average yearly change for education during the 2000-2018 time period. Compared to inflation for all items in 2000 (3.38%), inflation for education was higher.

Price Inflation for Education since 1993

Consumer Price Index, U.S. Bureau of Labor Statistics
Years with the largest changes in pricing: 2004 (6.96%), 2003 (6.66%), and 2002 (6.29%).

Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Education:

Year 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
CPI 78.369 83.277 88.023 92.677 97.285 102.108 106.969 112.531 118.515 125.969 134.362 143.715 152.669 162.085 171.388 181.277 190.857 199.337 207.768 216.328 224.521 231.914 240.535 247.526 253.211 258.443

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Buying power of $20 since 2000

Below are calculations of equivalent buying power for Education, over time, for $20 beginning in 2000. Each of the amounts below is equivalent in terms of what it could buy at the time:

Year USD Value Inflation Rate
2000 $20.00 5.20%
2001 $21.06 5.32%
2002 $22.39 6.29%
2003 $23.88 6.66%
2004 $25.54 6.96%
2005 $27.13 6.23%
2006 $28.81 6.17%
2007 $30.46 5.74%
2008 $32.22 5.77%
2009 $33.92 5.29%
2010 $35.43 4.44%
2011 $36.93 4.23%
2012 $38.45 4.12%
2013 $39.90 3.79%
2014 $41.22 3.29%
2015 $42.75 3.72%
2016 $43.99 2.91%
2017 $45.00 2.30%
2018 $45.93 2.07%*
* Not final. See inflation summary for latest details.

How to calculate the inflation rate for education, 2000-2018

Start with the inflation rate formula:

CPI in 2018 / CPI in 2000 * 2000 USD value = 2018 USD value

Then plug in historical CPI values from above. The CPI for Education was 112.531 in the year 2000 and 258.443 in 2018:

258.443 / 112.531 * $20 = $45.93

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 2000 has the same "purchasing power" as $45.93 in 2018 (in the CPI category of Education).


Source: U.S. Bureau of Labor Statistics began tracking the Consumer Price Index for Education in 1993. In addition to education, the index produces monthly data on changes in prices paid by urban consumers for a variety of goods and services.

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