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HEPI is compiled from public data released across the academic fiscal year and uses an accumulated dataset through June 30, with potential minor adjustments. The report explains HEPI’s longer-term continuity, describes responsibility transfer in 2005, and highlights FY2015 to FY2016 discontinuity from a new AAUP faculty compensation methodology.",{"@graph":69,"@context":122},[70,84,105],{"@type":71,"itemListElement":72},"BreadcrumbList",[73,77,79,82],{"item":74,"name":75,"@type":76,"position":8},"https://docshare.wps.com","Home","ListItem",{"item":78,"name":9,"@type":76,"position":14},"https://docshare.wps.com/document/",{"item":80,"name":40,"@type":76,"position":81},"https://docshare.wps.com/document/research-report/",3,{"item":83,"name":65,"@type":76,"position":19},"https://docshare.wps.com/document/commonfund-higher-education-price-index-2016-update/583460/",{"url":83,"name":65,"@type":85,"image":86,"author":91,"headline":65,"publisher":94,"fileFormat":97,"inLanguage":63,"description":67,"dateModified":98,"datePublished":99,"encodingFormat":97,"isAccessibleForFree":100,"interactionStatistic":101},"DigitalDocument",{"url":87,"@type":88,"width":89,"height":90},"https://docshare.wps.com/thumbnails/commonfund-higher-education-price-index-2016-update/583460.png","ImageObject",300,407,{"name":92,"@type":93},"Jacob","Person",{"url":74,"name":95,"@type":96},"DocShare","Organization","application/pdf","2026-10-29","2026-10-15",true,{"@type":102,"interactionType":103,"userInteractionCount":34},"InteractionCounter",{"@type":104},"ViewAction",{"@type":106,"mainEntity":107},"FAQPage",[108,114,118],{"name":109,"@type":110,"acceptedAnswer":111},"What is HEPI and what does it measure?","Question",{"text":112,"@type":113},"HEPI is an inflation index designed for higher education institutions. It measures average relative price changes for a fixed basket of goods and services purchased through colleges’ and universities’ current fund educational and general expenditures, excluding research.","Answer",{"name":115,"@type":110,"acceptedAnswer":116},"How is HEPI compiled and when is the data cut off?",{"text":117,"@type":113},"HEPI is compiled from publicly available sources released at different points in the academic fiscal year (July 1 through June 30). This report uses the accumulated dataset as of June 30 and may be subject to small adjustments after remaining underlying items are finalized in November.",{"name":119,"@type":110,"acceptedAnswer":120},"Why are FY2015 to FY2016 HEPI results not comparable with prior years?",{"text":121,"@type":113},"Two main cost factors—faculty salaries and fringe benefits—come from AAUP faculty compensation data using a new methodology not comparable to past methods. The report uses reasonable estimates for transition from FY2015 to FY2016 and notes future HEPI calculations will rely on the new methodology, creating discontinuity.","https://schema.org",{"og:url":83,"og:type":124,"og:title":65,"og:site_name":95,"og:description":67},"article",{"robots":126,"canonical":83},"index,follow",{"doc_id":128,"site_id":62},583460,1792210950,{"code":4,"msg":5,"data":131},{"doc_id":128,"user_id":132,"nickname":92,"user_avatar":133,"doc_module":4,"category_id":39,"category_name":40,"doc_title":65,"doc_description":67,"doc_content":134,"file_id":135,"file_url":136,"file_type":137,"file_size":138,"view_count":34,"is_deleted":4,"is_public":8,"is_downloadable":8,"audit_status":8,"page_count":139,"language":140,"language_code":63,"site_id":62,"html_lang":63,"table_of_contents":141,"faqs":142,"seo_title":143,"seo_description":67,"update_tm":144,"read_time":36,"preview_page_count":4},962084931830,"https://ap-avatar.wpscdn.com/davatar_a8503ba1806abce46bf441b54a3ca4cd","Commonfund Higher Education Price Index  \n2016 Update  \nCommonfund Higher Education Price Index | 2016 Update  \nHigher Education Price Index Introduction  \nAbout HEPI  \nThe Higher Education Price Index (HEPI) is an inflation index designed specifically for use by institutions of higher education. Compiled from data reported by government agencies and industry sources, HEPI measures the average relative level in the price of a fixed market basket of goods and services purchased by colleges and universities each year through current fund educational and general expenditures, excluding research. A more accurate indicator of cost changes for colleges and universities than the Consumer Price Index (CPI), HEPI is used primarily to project future budget increases required topreserve purchasing power. With compilations dating back to 1961, HEPI offers more than 50 continuous years of higher education inflation data. It is an essential tool enabling schools to determine increases in funding necessary to maintain both real purchasing power and investment.  \nIn 2005, Commonfund Institute assumed responsibility for the index and the proprietary model used to calculate HEPI’s values from Research Associates of Washington, D.C. In subsequent years, in keeping with its commitment to improving and expanding the index, Commonfund Institute has initiated a number of additional HEPI services and refinements.  \nHEPI is compiled using data items from publicly-available sources that are released at different points in the academic fiscal year, from July 1 through June 30. This HEPI report uses the accumulated data set as of June 30, and may be subject to further small adjustments when the last of the underlying data items are finalized in November.  \nIMPORTANT NOTE: Two of the main HEPI cost factors, faculty salaries and fringe benefits, are derived from faculty compensation data published by the American Association of University Professors (AAUP), which this year began using anew methodology that is not comparable with the past. Due to this change in methodology, in this year's report we have used what we believe are reasonable estimates for changes in faculty salaries and fringe benefits to aid in the transition from FY2015 to FY2016. The new AAUP methodology represents  \na discontinuity with past years, and as a result future HEPI calculations, which will be based on the new methodology, will not be comparable with years prior to FY2016. Furthermore, because of this discontinuity, this year's HEPI report does not contain information on HEPI calculated by type of institution or by region, and does not include an analysis of changes in the purchasing power and salaries of full-time professors. In future years, we anticipate being able to resume offering these features of the HEPI report, calculating changes from this year's new AAUP base data.  \nFor further information on the AAUP's new methodology, see Barnshaw, \"Facilitating Institutional Improvement Through Enhanced Benchmarking\", Academe, March-April 2016, pp. 4-8, found at [https://www.aaup.org/sites/default/files/Facili](https://www.aaup.org/sites/default/files/Facili)tatingInstitutionalImprovementMA16.pdf.  \nAdministrative salaries throughout this report were sourced from The CUPA-HR 2015-16 Administrators in Higher Education Salary Survey Report. Research report. Knoxville, TN:  \nCUPA-HR, March 2016. Available from [http://www.cupahr](http://www.cupahr). org/surveys/ahe.aspx.  \nAll HEPI services are provided free of charge via Commonfund Institute’[s website at](s website at www.commonfund.org)[ ](s website at www.commonfund.org)[www.commonfund.org](s website at www.commonfund.org).  \nAbout Commonfund Institute  \nCommonfund Institute houses the education and research activities of Commonfund and provides the entire community of long-term investors with investment information and professional development programs. Commonfund Institute is dedicated to the advancement of investment knowledge","cbCaiaTspk4JEz9t","https://ap.wps.com/l/cbCaiaTspk4JEz9t","pdf",580268,16,"English","# Higher Education Price Index Introduction\n## About HEPI\n## Compilation Timing and Data Source Notes\n## AAUP Methodology Change and Discontinuity Warning\n## Tables and Historical Summary (1961–2016)","[{\"question\":\"What is HEPI and what does it measure?\",\"answer\":\"HEPI is an inflation index designed for higher education institutions. It measures average relative price changes for a fixed basket of goods and services purchased through colleges’ and universities’ current fund educational and general expenditures, excluding research.\"},{\"question\":\"How is HEPI compiled and when is the data cut off?\",\"answer\":\"HEPI is compiled from publicly available sources released at different points in the academic fiscal year (July 1 through June 30). This report uses the accumulated dataset as of June 30 and may be subject to small adjustments after remaining underlying items are finalized in November.\"},{\"question\":\"Why are FY2015 to FY2016 HEPI results not comparable with prior years?\",\"answer\":\"Two main cost factors—faculty salaries and fringe benefits—come from AAUP faculty compensation data using a new methodology not comparable to past methods. The report uses reasonable estimates for transition from FY2015 to FY2016 and notes future HEPI calculations will rely on the new methodology, creating discontinuity.\"}]","Commonfund Higher Education Price Index - 2016 Update | PDF",1792047325]