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Out of pocket? Students face much higher inflation.

Geoff Riley

21st August 2008

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Students preparing to head to university in a few weeks time should be warned that the inflation rate they face is well above the official rate for the consumer price index - according to a new student price index calculated by the an economist working for the Open University. Economist Alan Shipman finds that for those in higher education, inflation for full-time students is nearly 7% because students spend a far higher proportion of their budget on items that have risen in price fastest over the past year – food, housing, travel, and the additional cost of tuition fees.

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Geoff Riley

Geoff Riley FRSA has been teaching Economics for nearly forty years. He has over twenty years experience as Head of Economics at leading schools. He writes extensively and is a contributor and presenter on CPD and Revision conferences in the UK and overseas.

@tutor2uGeoff

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