-----------------------------------------------------------------------------------------------------------------
      Calendar year       ||                      School year                              ||Federal fiscal year
--------------------------||---------------------------------------------------------------||--------------------
        | Gross  |Consumer||         |Consumer|Elementary/| Higher  | Research  | Academic ||         | Federal
  Year  |domestic| Price  ||  Year   | Price  | Secondary |Education|    and    | Library  ||  Year   |  budget
        |product |Index\1\||         |Index\2\|   Price   |  Price  |Development|Operations||         |composite
        | chain  |        ||         |        |   Index   |  Index  |   Index   |  Index   ||         | deflator
        | weight |        ||         |        |           |         |           |          ||         |
        |deflator|        ||         |        |           |         |           |          ||         |
--------|--------|--------||---------|--------|-----------|---------|-----------|----------||---------|----------
   1    |   2    |   3    ||    4    |   5    |     6     |     7   |     8     |    9     ||   10    |    11
--------|--------|--------||---------|--------|-----------|---------|-----------|----------||---------|----------
1919 ...|    --- |   17.3 || 1919-20 |   19.1 |       --- |     --- |       --- |      --- ||1919 ....|     ---
1929 ...|    --- |   17.1 || 1929-30 |   17.1 |       --- |     --- |       --- |      --- ||1929 ....|     ---
1934 ...|    --- |   13.4 || 1934-35 |   13.6 |       --- |     --- |       --- |      --- ||1934 ....|     ---
1939 ...|    --- |   13.9 || 1939-40 |   14.0 |       --- |     --- |       --- |      --- ||1939 ....|     ---
1940 ...|    --- |   14.0 || 1940-41 |   14.2 |       --- |     --- |       --- |      --- ||1940 ....|   0.0978
        |        |        ||         |        |           |         |           |          ||         |
1941 ...|    --- |   14.7 || 1941-42 |   15.6 |       --- |     --- |       --- |      --- ||1941 ....|   0.1009
1942 ...|    --- |   16.3 || 1942-43 |   16.9 |       --- |     --- |       --- |      --- ||1942 ....|   0.1115
1943 ...|    --- |   17.3 || 1943-44 |   17.4 |       --- |     --- |       --- |      --- ||1943 ....|   0.1199
1944 ...|    --- |   17.6 || 1944-45 |   17.8 |       --- |     --- |       --- |      --- ||1944 ....|   0.1160
1945 ...|    --- |   18.0 || 1945-46 |   18.2 |       --- |     --- |       --- |      --- ||1945 ....|   0.1141
        |        |        ||         |        |           |         |           |          ||         |
1946 ...|    --- |   19.5 || 1946-47 |   21.2 |       --- |     --- |       --- |      --- ||1946 ....|   0.1193
1947 ...|    --- |   22.3 || 1947-48 |   23.3 |       --- |     --- |       --- |      --- ||1947 ....|   0.1496
1948 ...|    --- |   24.1 || 1948-49 |   24.1 |       --- |     --- |       --- |      --- ||1948 ....|   0.1543
1949 ...|    --- |   23.8 || 1949-50 |   23.7 |       --- |     --- |       --- |      --- ||1949 ....|   0.1582
1950 ...|    --- |   24.1 || 1950-51 |   25.1 |       --- |     --- |       --- |      --- ||1950 ....|   0.1634
        |        |        ||         |        |           |         |           |          ||         |
1951 ...|    --- |   26.0 || 1951-52 |   26.3 |       --- |     --- |       --- |      --- ||1951 ....|   0.1592
1952 ...|    --- |   26.5 || 1952-53 |   26.7 |       --- |     --- |       --- |      --- ||1952 ....|   0.1627
1953 ...|    --- |   26.7 || 1953-54 |   26.9 |       --- |     --- |       --- |      --- ||1953 ....|   0.1712
1954 ...|    --- |   26.9 || 1954-55 |   26.8 |       --- |     --- |       --- |      --- ||1954 ....|   0.1765
1955 ...|    --- |   26.8 || 1955-56 |   26.9 |       --- |     --- |       --- |      --- ||1955 ....|   0.1801
        |        |        ||         |        |           |         |           |          ||         |
1956 ...|    --- |   27.2 || 1956-57 |   27.7 |       --- |     --- |       --- |      --- ||1956 ....|   0.1907
1957 ...|    --- |   28.1 || 1957-58 |   28.6 |       --- |     --- |       --- |      --- ||1957 ....|   0.2017
1958 ...|    --- |   28.9 || 1958-59 |   29.0 |       --- |     --- |       --- |      --- ||1958 ....|   0.2124
1959 ...|   23.0 |   29.1 || 1959-60 |   29.4 |       --- |     --- |       --- |      --- ||1959 ....|   0.2249
1960 ...|   23.3 |   29.6 || 1960-61 |   29.8 |       --- |    25.6 |      26.7 |      --- ||1960 ....|   0.2351
        |        |        ||         |        |           |         |           |          ||         |
1961 ...|   23.6 |   29.9 || 1961-62 |   30.1 |       --- |    26.5 |      27.5 |      --- ||1961 ....|   0.2407
1962 ...|   23.9 |   30.2 || 1962-63 |   30.4 |       --- |    27.6 |      28.5 |      --- ||1962 ....|   0.2450
1963 ...|   24.2 |   30.6 || 1963-64 |   30.8 |       --- |    28.6 |      29.5 |      --- ||1963 ....|   0.2544
1964 ...|   24.6 |   31.0 || 1964-65 |   31.2 |       --- |    29.8 |      30.7 |      --- ||1964 ....|   0.2596
1965 ...|   25.0 |   31.5 || 1965-66 |   31.9 |       --- |    31.3 |      32.0 |      --- ||1965 ....|   0.2650
        |        |        ||         |        |           |         |           |          ||         |
1966 ...|   25.7 |   32.4 || 1966-67 |   32.9 |       --- |    32.9 |      33.8 |      --- ||1966 ....|   0.2732
1967 ...|   26.6 |   33.4 || 1967-68 |   34.0 |       --- |    34.9 |      35.7 |      --- ||1967 ....|   0.2812
1968 ...|   27.7 |   34.8 || 1968-69 |   35.7 |       --- |    37.1 |      38.0 |      --- ||1968 ....|   0.2927
1969 ...|   29.0 |   36.7 || 1969-70 |   37.8 |       --- |    39.5 |      40.3 |      --- ||1969 ....|   0.3092
1970 ...|   30.6 |   38.8 || 1970-71 |   39.7 |       --- |    42.1 |      42.7 |      --- ||1970 ....|   0.3282
        |        |        ||         |        |           |         |           |          ||         |
1971 ...|   32.1 |   40.5 || 1971-72 |   41.2 |       --- |    44.3 |      45.0 |      --- ||1971 ....|   0.3508
1972 ...|   33.5 |   41.8 || 1972-73 |   42.8 |       --- |    46.7 |      47.1 |      --- ||1972 ....|   0.3736
1973 ...|   35.4 |   44.4 || 1973-74 |   46.6 |       --- |    49.9 |      50.1 |      --- ||1973 ....|   0.3961
1974 ...|   38.5 |   49.3 || 1974-75 |   51.8 |      52.7 |    54.3 |      54.8 |      --- ||1974 ....|   0.4307
1975 ...|   42.2 |   53.8 || 1975-76 |   55.5 |      57.3 |    57.8 |      59.0 |     57.3 ||1975 ....|   0.4758
        |        |        ||         |        |           |         |           |          ||         |
1976 ...|   44.6 |   56.9 || 1976-77 |   58.7 |      60.9 |    61.5 |      62.7 |     61.6 ||1976 ....|   0.5098
1977 ...|   47.5 |   60.6 || 1977-78 |   62.6 |      64.8 |    65.7 |      66.8 |     65.8 ||1977 ....|   0.5523
1978 ...|   50.9 |   65.2 || 1978-79 |   68.5 |      70.5 |    70.5 |      71.7 |     71.4 ||1978 ....|   0.5928
1979 ...|   55.3 |   72.6 || 1979-80 |   77.6 |      76.6 |    77.5 |      78.3 |     78.5 ||1979 ....|   0.6441
1980 ...|   60.4 |   82.4 || 1980-81 |   86.6 |      85.9 |    85.8 |      86.6 |     86.1 ||1980 ....|   0.7102
        |        |        ||         |        |           |         |           |          ||         |
1981 ...|   66.1 |   90.9 || 1981-82 |   94.1 |      93.7 |    93.9 |      94.0 |     94.0 ||1981 ....|   0.7817
1982 ...|   70.2 |   96.5 || 1982-83 |   98.2 |     100.0 |   100.0 |     100.0 |    100.0 ||1982 ....|   0.8369
1983 ...|   73.2 |   99.6 || 1983-84 |  101.8 |     105.0 |   104.8 |     104.5 |    105.1 ||1983 ....|   0.8776
1984 ...|   75.9 |  103.9 || 1984-85 |  105.8 |     111.9 |   110.7 |     109.9 |    111.2 ||1984 ....|   0.9125
1985 ...|   78.6 |  107.6 || 1985-86 |  108.8 |     118.4 |   116.2 |     115.3 |    117.6 ||1985 ....|   0.9452
        |        |        ||         |        |           |         |           |          ||         |
1986 ...|   80.6 |  109.6 || 1986-87 |  111.2 |     123.0 |   120.7 |     120.0 |    124.1 ||1986 ....|   0.9735
1987 ...|   83.1 |  113.6 || 1987-88 |  115.8 |     129.7 |   126.0 |     126.8 |    129.9 ||1987 ....|   1.0000
1988 ...|   86.1 |  118.3 || 1988-89 |  121.2 |     136.1 |   132.6 |     132.2 |    138.5 ||1988 ....|   1.0361
1989 ...|   89.7 |  124.0 || 1989-90 |  127.0 |     144.1 |   140.7 |     139.4 |    147.2 ||1989 ....|   1.0813
1990 ...|   93.6 |  130.7 || 1990-91 |  133.9 |     152.2 |   148.1 |     146.1 |    155.6 ||1990 ....|   1.1282
        |        |        ||         |        |           |         |           |          ||         |
1991 ...|   97.3 |  136.2 || 1991-92 |  138.2 |     158.2 |   153.2 |     151.1 |    163.0 ||1991 ....|   1.1783
1992 ...|  100.0 |  140.3 || 1992-93 |  142.5 |     161.8 |   157.9 |     155.8 |    169.9 ||1992 ....|   1.2183
1993 ...|  102.6 |  144.5 || 1993-94 |  146.2 |     166.8 |   163.2 |     160.4 |    177.1 ||1993 ....|   1.2513
1994 ...|  105.0 |  148.2 || 1994-95 |  150.4 |       --- |     --- |       --- |      --- ||1994 ....|   1.2813
1995 ...|  107.5 |  152.4 || 1995-96 |  154.5 |       --- |     --- |       --- |      --- ||1995 ....|   1.3104
1996 ...|    --- |    --- || 1996-97 |    --- |       --- |     --- |       --- |      --- ||1996 ....|   1.3434
--------|--------|--------||---------|--------|-----------|---------|-----------|----------||---------|----------

1 Index for urban wage earners and clerical workers through 1977; 1978 and later figures are for all urban consumers.

2 Consumer Price Index adjusted to a school-year basis (July through June).

---Data not available.

NOTE.--Some data have been revised from previously published figures.

SOURCE: Council of Economic Advisers, Economic Indicators, February 1991 and May 1996, and Economic Report of the President, February 1996; U.S. Department of Education, National Institute of Education, Inflation Measures for Schools and Colleges; U.S. Department of Labor, Bureau of Labor Statistics, Consumer Price Index; Research Associates of Washington, "Inflation Measures for Schools and Colleges, 1990 Update," and unpublished data; and U.S. Office of Management and Budget, Budget of the U.S. Government, Fiscal Year 1997. (This table was prepared July 1996.)