Higher Education Price Index
From Wikipedia, the free encyclopedia
The Higher Education Price Index (HEPI) is a measure of the inflation rate applicable to United States higher education; more precisely, the increase in costs in a defined basket of goods and services typically purchased by institutions of higher education. The index is calculated on a fiscal year basis ending each June 30, by the Commonfund Institute, a branch of Commonfund, a non-profit organization devoted to the management of college and university endowments.[1][2]
[edit] Recent values
- 2008 Fiscal year: 3.6% (as compared to a 3.7% increase in the Consumer Price Index. This marked the first time since 1995 that the higher education price index for a year was less than the Consumer Price Index.[3])
- 2007 Fiscal year: 3.4% (as compared to a 2.6% increase in the Consumer Price Index.
- 2006 Fiscal year: 5.0%
- 2005 Fiscal year: 3.6%
- 2004 Fiscal year: 4.6%
- 2003 Fiscal year: 2.9%
- 2002 Fiscal year: 4.1% [4]
[edit] References
- ^ " Higher Education's Operating Costs Rose by 3.4% in 2007, Down From Last Year's Rate" by Elizabeth Quill, Chronicle of Higher Education August 8, 2007
- ^ Commonfund Institute News
- ^ "Higher-Education Price Index Rises 3.6 Percent, Trailing Consumer Price Index." The Chronicle of Higher Education. July 24, 2008. http://chronicle.com/daily/2008/07/3956n.htm
- ^ Calculation template
