Higher Education Price Index
- Higher Education Price Index
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. ["Higher Education's Operating Costs Rose by 3.4% in 2007, Down From Last Year's Rate" by Elizabeth Quill, Chronicle of Higher Education [http://chronicle.com/daily/2007/08/2007080801n.htm?=attn August 8, 2007] ] [ [http://www.commonfund.org/Commonfund/Archive/CF+Institute/HEPI_press_release_0807.htm Commonfund Institute News] ]
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. ["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] )
*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% [ [http://www.commonfund.org/Templates/Generic/RESOURCE_REQUEST/target.pdf?RES_GUID=0DD34601-BD08-4A17-8258-8EB11797B686 Calculation template] ]
References
External links
* [http://www.commonfund.org/Commonfund/ Commonfund web site] ]
* [http://www.commonfund.org/Commonfund/CF+Institute/CI_About_HEPI.htm Description of HEPI]
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