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Costs increased across all eight HEPI-tracked components versus last year’s seven, with tighter growth ranging from 1.7% for utilities to 3.4% for service employees. The introduction explains HEPI’s methodology, coverage, and use for projecting future budget needs to preserve purchasing power, and provides historical context and reporting scope through 1961.",{"@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-2018-update/583510/",{"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-2018-update/583510.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":39},"InteractionCounter",{"@type":104},"ViewAction",{"@type":106,"mainEntity":107},"FAQPage",[108,114,118],{"name":109,"@type":110,"acceptedAnswer":111},"What was the HEPI inflation rate for fiscal year 2018, and how does it compare to prior years?","Question",{"text":112,"@type":113},"HEPI reports 2.8% inflation for FY2018, down from 3.3% the prior year but higher than the 2.4% average for the preceding five fiscal years.","Answer",{"name":115,"@type":110,"acceptedAnswer":116},"How did cost increases in 2018 compare with 2017 across HEPI’s components?",{"text":117,"@type":113},"FY2018 costs rose in all eight components tracked by HEPI, compared with last year when costs rose in seven of the eight. The increases this year were in a tighter range, from 1.7% to 3.4%.",{"name":119,"@type":110,"acceptedAnswer":120},"What is HEPI designed to measure, and how is it used by higher education institutions?",{"text":121,"@type":113},"HEPI is an inflation index tailored for higher education, measuring average relative price levels of a fixed market basket of goods and services purchased by colleges and universities each year (excluding research). It is used primarily to project future budget increases needed to preserve purchasing power.","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},583510,1792053356,{"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":39,"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":145,"preview_page_count":4},962084931830,"https://ap-avatar.wpscdn.com/davatar_a8503ba1806abce46bf441b54a3ca4cd","Commonfund  \nHigher Education Price Index®  \n2018 Update  \nCommonfund Higher Education Price Index® | 2018 Update  \nTable of Contents  \nEXECUTIVE SUMMARY 1  INTRODUCTION:  \nTHE HIGHER EDUCATION PRICE INDEX 1   \nAbout HEPI 1  \nTHE HEPI TABLES 2  \nHigher Education Price Index 2  \nTable A | Historical summary of Higher Education Price Index® 3 and Consumer Price Index  \nSummary Output 4  \nTable B | Higher Education Price Index 2007–2018 4  \nHigher Education Price Index Analysis 5  \nHEPI for 2018 5  \nFigure 1 | The Higher Education Price Index 5  \nHighlights of 2018 Study 6  \nSupporting Data 6  \n5-Year Changes in Cost Factors: Figure 2 Analysis 7  \nHEPI for FY2018 versus a 5-Year Average: Figure 3 Analysis 8 Figure 3 | Annual Percentage Changes in the Eight HEPI 9 Cost Factors vs. 5-year Average  \nSensitivity Analysis of the 8 HEPI Regression 10  \nComponents: Figure 4 Analysis  \nFigure 4 | HEPI Cost Factor Weightings 10  \nFigure 5: Sensitivity of HEPI to a 5 Percent Increase 11  \nin Faculty Salaries or Miscellaneous Services  \nFigure 5 | Sensitivity of HEPI to a 5 Percent Increase in 11  \nFaculty Salaries or Miscellaneous Services  \nHIGHER EDUCATION PRICE INDEX FOR DIFFERENT TYPES OF  \nEDUCATIONAL INSTITUTIONS 12   \nTable C | Higher Education Price Index 2005–2018 13  \nby Major Categories of Public and Private Educational Institutions  \nCOST FACTOR DIFFERENCES  \nBY INSTITUTION TYPE 14   \nFigure 6 | FY2018 Faculty Salaries—Public Institutions 14  \nFigure 7 | FY2018 Faculty Salaries—Private Institutions 14  \nFigure 8 | FY2018 Fringe Benefits—Public Institutions 15  \nFigure 9 | FY2018 Fringe Benefits—Private Institutions 15  \nFigure 10 | Private Master’s Degree-granting 16  \nInstitutions—Faculty Salaries and Fringe Benefits  \nHIGHER EDUCATION PRICE INDICES  \nFOR DIFFERENT REGIONS OF THE COUNTRY 17   \nTable D | Higher Education Price Index 2005-2018 18  \nSummarized by Region  \nCOST FACTOR DIFFERENCES BY REGION 19  Figure 11 | FY2018 Faculty Salaries by Region 19  \nFigure 12 | FY2018 Fringe Benefits by Region 20  \nLIMITATIONS AND OPPORTUNITIES OF HEPI  \nBY INSTITUTIONAL TYPE AND REGION 20  PURCHASING POWER AND SALARIES  \nOF FULL-TIME PROFESSORS 21   \nTable E | Higher Education Faculty Salaries in Current and 22 Constant FY2018 Dollars—Public Faculty Salaries  \nIllustrative Data  \nTable F | Higher Education Faculty Salaries in Current and 23 Constant FY2018 Dollars—Private Faculty Salaries  \nIllustrative Data  \nEND NOTES 24  \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 and the promotion of best practices in financial management. It provides a wide variety of resources, including conferences, seminars and roundtables on topics such as endowments and governance; proprietary and third-party research such as the Commonfund Benchmark Studies®; publications including the Commonfund Higher Education Price Index® (HEPI); and events such as the annual Commonfund Forum and Investment Stewardship Academy.  \nCommonfund Higher Education Price Index® | 2018 Update  \nExecutive Summary  \nCommonfund Higher Education Price Index (HEPI) data show that inflation for colleges and universities was 2.8 percent for fiscal year 2018, a decline from last year’s 3.3 percent but higher than the average of 2.4 percent for the preceding five fiscal years. Over the past 10 years, FY2018 HEPI was the third highest rate of inflation, trailing only FY2017 and FY2014 .1  \nFY2018 costs rose in all eight components tracked by HEPI compared with last year when costs rose in seven of the eight. Differentiating this year from last, this year no single cost rose as much as last year’s 14.5 percent increase in utility costs and 4.1 percent in fringe benefits; instead, costs this year were ina tighter range of 1.7 per","cbCaieVUcMU8yEjj","https://ap.wps.com/l/cbCaieVUcMU8yEjj","pdf",1666752,28,"English","# Executive Summary\n## About HEPI\n## HEPI Table Overview\n## Higher Education Price Index Analysis\n# Higher Education Price Index by Institution Type\n## Cost Factor Differences by Institution Type\n# Higher Education Price Indices by Region\n## Cost Factor Differences by Region\n# Purchasing Power and Salaries of Full-Time Professors\n## Public Faculty Salaries (Illustrative Data)\n## Private Faculty Salaries (Illustrative Data)\n# End Notes","[{\"question\":\"What was the HEPI inflation rate for fiscal year 2018, and how does it compare to prior years?\",\"answer\":\"HEPI reports 2.8% inflation for FY2018, down from 3.3% the prior year but higher than the 2.4% average for the preceding five fiscal years.\"},{\"question\":\"How did cost increases in 2018 compare with 2017 across HEPI’s components?\",\"answer\":\"FY2018 costs rose in all eight components tracked by HEPI, compared with last year when costs rose in seven of the eight. The increases this year were in a tighter range, from 1.7% to 3.4%.\"},{\"question\":\"What is HEPI designed to measure, and how is it used by higher education institutions?\",\"answer\":\"HEPI is an inflation index tailored for higher education, measuring average relative price levels of a fixed market basket of goods and services purchased by colleges and universities each year (excluding research). It is used primarily to project future budget increases needed to preserve purchasing power.\"}]","Commonfund Higher Education Price Index - 2018 Update | PDF",1792047482,71]