How tuition compares to the overall inflation rate

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"During that time, the average cost of tuition and required fees for one year of college rose from $1,289 to $7,122, significantly outpacing the inflation rate of the overall basket of goods and services purchased by households," Bundick and Pollard wrote.

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Price Inflation of Tuition, 1979-2017. According to the Bureau of Labor Statistics, which collects Consumer Price Index (CPI) data for college tuition, tuition back in 2000 was just 40.5% of what tuition is now in 2017. The average inflation rate for tuition during this period was 5.46% per year. In other words,

College Tuition and Fees vs Overall Inflation Source: | Education Inflation Commentary To Print this Chart: When Printer dialog box appears be sure to switch to Landscape mode

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For example, the overall composite inflation rate may be 1 percent, but oil and gas may actually be 10 percent lower while housing related expenses are 4 percent higher. The Shocking Increase Of College Tuition By State. by Tyler Durden.. or 28 percent, above the rate of inflation (in non-inflation-adjusted terms, average tuition is up $2,702).

Indeed, since 1995, there has basically been no relationship between how much commodity prices have changed in the past and how much the overall inflation rate will change in the future. You can see.

In order to calculate annual inflation over multiple years, you must first locate the current inflation rate and then collect data on historical trends. With this information in hand, you begin calculating annual inflation over the designated time period.

The CPI measures the change in cost over time for a representative basket of goods, such as food, housing, transportation and education. From 1978 to 2014, the index increased about 246 percent. So, clearly, the rate of increase for tuition has surpassed inflation.

Are Tuition & Fees Increasing or Decreasing? Tuition and Fees for out-of-state students attending Washington State University grew with a standard yearly rate of 0.4% over the past 5 years. In the same time period, tuition grew by 0.0% and fees grew by 6.6%. Due to this, we estimate the cost of tuition and fees this year will total $25,920.