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]
[edit] Recent values
- 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% [3]
[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
- ^ Calculation template
