Higher Education Price Index

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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]

Recent values[edit]

  • 2014 Fiscal year estimate: 2.8%[3]
  • 2013 Fiscal year: 1.6%[4]
  • 2012 Fiscal year: 1.7%[5]
  • 2011 Fiscal year: 2.3%[6]
  • 2010 Fiscal year: 0.9%[7]
  • 2009 Fiscal year: 2.3%[8]
  • 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.[9])
  • 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% [10]

References[edit]

  1. ^ " 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
  2. ^ Commonfund Institute News
  3. ^ [1]
  4. ^ [2]
  5. ^ [3]
  6. ^ [4]
  7. ^ [5]
  8. ^ [6]
  9. ^ "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
  10. ^ Calculation template

External links[edit]