Elementary and high school tuition and fees priced at $20 in 2000 $47.81 in 2018

Historical Price Inflation for Elementary and high school tuition and fees

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Prices for Elementary And High School Tuition And Fees, 2000-2018 ($20)

According to the U.S. Bureau of Labor Statistics, prices for elementary and high school tuition and fees were 139.03% higher in 2018 versus 2000 (a $27.81 difference in value).

Between 2000 and 2018: Elementary and high school tuition and fees experienced an average inflation rate of 4.96% per year. This rate of change indicates significant inflation. In other words, elementary and high school tuition and fees costing $20 in the year 2000 would cost $47.81 in 2018 for an equivalent purchase. Compared to the overall inflation rate of 2.12% during this same period, inflation for elementary and high school tuition and fees was higher.

In the year 2000: Pricing changed by 6.90%, which is above the average yearly change for elementary and high school tuition and fees during the 2000-2018 time period. Compared to inflation for all items in 2000 (3.38%), inflation for elementary and high school tuition and fees was much higher.

Price Inflation for Elementary and high school tuition and fees since 1977

Consumer Price Index, U.S. Bureau of Labor Statistics
Years with the largest changes in pricing: 1982 (12.31%), 1981 (12%), and 1980 (11.99%).

Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Elementary and high school tuition and fees:

Year 1977 1978 1979 1980 1981 1982 1983 1984 1985 1986 1987 1988 1989 1990 1991 1992 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 57.600 59.331 64.600 72.346 81.031 91.008 99.615 109.354 119.062 129.238 141.292 154.585 167.962 182.808 198.031 213.662 228.931 242.631 259.223 272.815 288.100 307.892 327.315 349.892 372.615 398.415 424.892 453.500 483.169 511.223 539.442 570.583 600.396 624.473 648.102 671.214 695.784 722.824 750.706 777.085 804.950 836.351

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Buying power of $20 since 2000

Below are calculations of equivalent buying power for Elementary and high school tuition and fees, 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 6.90%
2001 $21.30 6.49%
2002 $22.77 6.92%
2003 $24.29 6.65%
2004 $25.92 6.73%
2005 $27.62 6.54%
2006 $29.22 5.81%
2007 $30.83 5.52%
2008 $32.61 5.77%
2009 $34.32 5.22%
2010 $35.70 4.01%
2011 $37.05 3.78%
2012 $38.37 3.57%
2013 $39.77 3.66%
2014 $41.32 3.89%
2015 $42.91 3.86%
2016 $44.42 3.51%
2017 $46.01 3.59%
2018 $47.81 3.90%*
* Not final. See inflation summary for latest details.

How to calculate the inflation rate for elementary and high school tuition and fees, 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 Elementary and high school tuition and fees was 349.892 in the year 2000 and 836.351 in 2018:

836.351 / 349.892 * $20 = $47.81

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 2000 has the same "purchasing power" as $47.81 in 2018 (in the CPI category of Elementary and high school tuition and fees).


Source: U.S. Bureau of Labor Statistics began tracking the Consumer Price Index for Elementary and high school tuition and fees in 1977. In addition to elementary and high school tuition and fees, the index produces monthly data on changes in prices paid by urban consumers for a variety of goods and services.

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