Higher Ed Cost Index Rose Faster Than Inflation in 2011

September 15, 2011

Costs most commonly incurred by colleges rose in 2011 at greater than the national rate of inflation and more than twice as much as they did in 2010, according an annual report by the Commonfund Institute on what it calls the Higher Education Price Index. The index, which includes factors such as faculty, administrative and staff salaries and fringe benefits, services, supplies and utilities, aims to calculate an inflation rate that more closely captures higher education spending than does the national inflation index. In 2011, according to the Commonfund Institute, those costs rose by 2.3 percent, above the 2.0 percent national inflation rate and far above 2010's 0.9 rate for the higher education index. All categories of costs except for administrative salaries and service employee salaries rose, the institute said.

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