Tuition, other school fees, and childcare priced at $20 in 2000 $45.71 in 2018

Historical Price Inflation for Tuition, other school fees, and childcare

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Prices for Tuition, Other School Fees, And Childcare, 2000-2018 ($20)

According to the U.S. Bureau of Labor Statistics, prices for tuition, other school fees, and childcare were 128.53% higher in 2018 versus 2000 (a $25.71 difference in value).

Between 2000 and 2018: Tuition, other school fees, and childcare experienced an average inflation rate of 4.70% per year. This rate of change indicates significant inflation. In other words, tuition, other school fees, and childcare costing $20 in the year 2000 would cost $45.71 in 2018 for an equivalent purchase. Compared to the overall inflation rate of 2.12% during this same period, inflation for tuition, other school fees, and childcare was higher.

In the year 2000: Pricing changed by 5.05%, which is above the average yearly change for tuition, other school fees, and childcare during the 2000-2018 time period. Compared to inflation for all items in 2000 (3.38%), inflation for tuition, other school fees, and childcare was higher.

Price Inflation for Tuition, other school fees, and childcare since 1978

Consumer Price Index, U.S. Bureau of Labor Statistics
Years with the largest changes in pricing: 1982 (13.27%), 1981 (12.24%), and 1983 (10.14%).

Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Tuition, other school fees, and childcare:

Year 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 59.783 64.675 71.192 79.908 90.508 99.683 109.767 119.717 129.592 139.983 151.042 162.675 175.692 191.342 208.458 225.292 239.842 253.833 267.142 280.367 294.250 308.358 323.925 341.025 362.050 386.600 414.250 440.833 468.025 494.056 522.082 548.979 573.207 597.225 621.005 643.699 664.799 688.811 708.114 724.645 740.272

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Buying power of $20 since 2000

Below are calculations of equivalent buying power for Tuition, other school fees, and childcare, 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 5.05%
2001 $21.06 5.28%
2002 $22.35 6.17%
2003 $23.87 6.78%
2004 $25.58 7.15%
2005 $27.22 6.42%
2006 $28.90 6.17%
2007 $30.50 5.56%
2008 $32.23 5.67%
2009 $33.90 5.15%
2010 $35.39 4.41%
2011 $36.87 4.19%
2012 $38.34 3.98%
2013 $39.74 3.65%
2014 $41.05 3.28%
2015 $42.53 3.61%
2016 $43.72 2.80%
2017 $44.74 2.33%
2018 $45.71 2.16%*
* Not final. See inflation summary for latest details.

How to calculate the inflation rate for tuition, other school fees, and childcare, 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 Tuition, other school fees, and childcare was 323.925 in the year 2000 and 740.272 in 2018:

740.272 / 323.925 * $20 = $45.71

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 2000 has the same "purchasing power" as $45.71 in 2018 (in the CPI category of Tuition, other school fees, and childcare).


Source: U.S. Bureau of Labor Statistics began tracking the Consumer Price Index for Tuition, other school fees, and childcare in 1978. In addition to tuition, other school fees, and childcare, the index produces monthly data on changes in prices paid by urban consumers for a variety of goods and services.

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