A College Student Wishes to Compare Tuition Fee Increases During

Short Answer

A college student wishes to compare tuition fee increases during the period 2003 to 2015to the general increase in the cost of living. Tuition increased from $345 per course in the 2003/2004 academic year to $515 per course in the 2015/2016 academic year. The CPI rose from 95.4 at the end in 2003 to 121.7 at the end of 2015. What would tuition fee per course have been in the 2015/16 year if tuition increases had merely kept pace with inflation during the 12 years?