According to the U.S. Bureau of Labor Statistics, prices for elementary and high school tuition and fees are 140.78% higher in 2024 versus 2003 (a $28.16 difference in value).
Between 2003 and 2024: Elementary and high school tuition and fees experienced an average inflation rate of 4.27% per year. This rate of change indicates significant inflation. In other words, elementary and high school tuition and fees costing $20 in the year 2003 would cost $48.16 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 2.56% during this same period, inflation for elementary and high school tuition and fees was higher.
In the year 2003: Pricing changed by 6.65%, which is above the average yearly change for elementary and high school tuition and fees during the 2003-2024 time period. Compared to inflation for all items in 2003 (2.27%), inflation for elementary and high school tuition and fees was much higher.
Below are calculations of equivalent buying power for Elementary and high school tuition and fees, over time, for $20 beginning in 2003. Each of the amounts below is equivalent in terms of what it could buy at the time:
| Year | USD Value | Inflation Rate |
|---|---|---|
| 2003 | $20.00 | 6.65% |
| 2004 | $21.35 | 6.73% |
| 2005 | $22.74 | 6.54% |
| 2006 | $24.06 | 5.81% |
| 2007 | $25.39 | 5.52% |
| 2008 | $26.86 | 5.77% |
| 2009 | $28.26 | 5.22% |
| 2010 | $29.39 | 4.01% |
| 2011 | $30.51 | 3.78% |
| 2012 | $31.59 | 3.57% |
| 2013 | $32.75 | 3.66% |
| 2014 | $34.02 | 3.89% |
| 2015 | $35.34 | 3.86% |
| 2016 | $36.58 | 3.51% |
| 2017 | $37.89 | 3.59% |
| 2018 | $39.45 | 4.12% |
| 2019 | $40.86 | 3.57% |
| 2020 | $41.94 | 2.63% |
| 2021 | $43.02 | 2.58% |
| 2022 | $44.30 | 2.99% |
| 2023 | $46.26 | 4.42% |
| 2024 | $48.16 | 4.10%* |
* Not final. See inflation summary for latest details.
** Extended periods of 0% inflation usually indicate incomplete underlying data. This can manifest as a sharp increase in inflation later on.
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 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
| 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 | 838.132 | 868.069 | 890.926 | 913.880 | 941.174 | 982.741 | 1023.049 |