Re:American universities have an incentive to seem extortionate
by gruez on Sunday July 23, 2023 @10:16PM
(#36842331)
>It's still surprises me that The Economist would use CPI-adjusted figures, but fail to mention the adjustment
Are we reading the same article?
>A report from the College Board, a non-profit, shows that whereas published tuition and fees for private non-profit colleges increased from $29,000 in 2006-07 to $38,000 in 2021-22 (in 2021 dollars), the net price actually decreased from $17,000 to $15,000.
"in 2021 dollars" clearly implies CPI adjustment.
Re:American universities have an incentive to seem extortionate
by rahimnathwani on Sunday July 23, 2023 @10:20PM
(#36842357)
Oops. I missed that.
The figures that surprised me were the ones at the end of that sentence (the 'drop' from $17k to $15k). I reread that part, didn't see anything about constant dollars for those numbers, and then went looking for the source data.
EDIT: The rest of my comment below is (as pointed out below by gruez) incorrect. The article did say 'in 2021 dollars' in reference to one set of numbers, and it's reasonable to assume they meant that to apply to all the other numbers in the same paragraph.
It's still surprises me that The Economist would use CPI-adjusted figures, but fail to mention the adjustment. Using CPI-adjusted figures is common, but it's not the default, which is why people often add 'in real terms' or some other qualifier.