Technical and business school tuition and fees priced at $20 in 2000 $43.14 in 2018

Historical Price Inflation for Technical and business school tuition and fees

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Prices for Technical And Business School Tuition And Fees, 2000-2018 ($20)

According to the U.S. Bureau of Labor Statistics, prices for technical and business school tuition and fees were 115.68% higher in 2018 versus 2000 (a $23.14 difference in value).

Between 2000 and 2018: Technical and business school tuition and fees experienced an average inflation rate of 4.36% per year. This rate of change indicates significant inflation. In other words, technical and business school tuition and fees costing $20 in the year 2000 would cost $43.14 in 2018 for an equivalent purchase. Compared to the overall inflation rate of 2.12% during this same period, inflation for technical and business school tuition and fees was higher.

In the year 2000: Pricing changed by 5.64%, which is above the average yearly change for technical and business school tuition and fees during the 2000-2018 time period. Compared to inflation for all items in 2000 (3.38%), inflation for technical and business school tuition and fees was higher.

Price Inflation for Technical and business school tuition and fees since 1997

Consumer Price Index, U.S. Bureau of Labor Statistics
Years with the largest changes in pricing: 2005 (8.26%), 2004 (7.95%), and 2003 (7.37%).

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

Year 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
CPI 100.000 102.408 109.938 116.138 122.492 128.831 138.331 149.323 161.662 170.823 177.666 185.812 193.920 200.814 210.868 219.875 226.290 230.461 233.982 237.917 245.462 250.492

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Buying power of $20 since 2000

Below are calculations of equivalent buying power for Technical and business 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 5.64%
2001 $21.09 5.47%
2002 $22.19 5.17%
2003 $23.82 7.37%
2004 $25.71 7.95%
2005 $27.84 8.26%
2006 $29.42 5.67%
2007 $30.60 4.01%
2008 $32.00 4.59%
2009 $33.39 4.36%
2010 $34.58 3.56%
2011 $36.31 5.01%
2012 $37.86 4.27%
2013 $38.97 2.92%
2014 $39.69 1.84%
2015 $40.29 1.53%
2016 $40.97 1.68%
2017 $42.27 3.17%
2018 $43.14 2.05%*
* Not final. See inflation summary for latest details.

How to calculate the inflation rate for technical and business 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 Technical and business school tuition and fees was 116.138 in the year 2000 and 250.492 in 2018:

250.492 / 116.138 * $20 = $43.14

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 2000 has the same "purchasing power" as $43.14 in 2018 (in the CPI category of Technical and business school tuition and fees).


Source: U.S. Bureau of Labor Statistics began tracking the Consumer Price Index for Technical and business school tuition and fees in 1997. In addition to technical and business 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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