[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"detail-sidebar-cat-0-en-105":3,"doc-seo-583897-105":59,"doc-detail-583897-en":130},{"code":4,"msg":5,"data":6},0,"success",[7,13,18,23,28,33,38,43,48,51,55],{"id":8,"doc_module":4,"doc_module_name":9,"category_name":10,"show_sort_weight":11,"slug":12},1,"Document","Story & Novel",90,"story-novel",{"id":14,"doc_module":4,"doc_module_name":9,"category_name":15,"show_sort_weight":16,"slug":17},2,"Literature",80,"literature",{"id":19,"doc_module":4,"doc_module_name":9,"category_name":20,"show_sort_weight":21,"slug":22},4,"Exam",70,"exam",{"id":24,"doc_module":4,"doc_module_name":9,"category_name":25,"show_sort_weight":26,"slug":27},5,"Comic",60,"comic",{"id":29,"doc_module":4,"doc_module_name":9,"category_name":30,"show_sort_weight":31,"slug":32},6,"Technology",50,"technology",{"id":34,"doc_module":4,"doc_module_name":9,"category_name":35,"show_sort_weight":36,"slug":37},7,"Healthcare",40,"healthcare",{"id":39,"doc_module":4,"doc_module_name":9,"category_name":40,"show_sort_weight":41,"slug":42},8,"Research & Report",30,"research-report",{"id":44,"doc_module":4,"doc_module_name":9,"category_name":45,"show_sort_weight":46,"slug":47},9,"Religion & Spirituality",20,"religion-spirituality",{"id":46,"doc_module":4,"doc_module_name":9,"category_name":49,"show_sort_weight":46,"slug":50},"World Cup","world-cup",{"id":52,"doc_module":4,"doc_module_name":9,"category_name":53,"show_sort_weight":52,"slug":54},10,"Lifestyle","lifestyle",{"id":56,"doc_module":4,"doc_module_name":9,"category_name":57,"show_sort_weight":24,"slug":58},19,"General","general",{"code":4,"msg":60,"data":61},"ok",{"site_id":62,"language":63,"slug":64,"title":65,"keywords":66,"description":67,"schema_data":68,"social_meta":123,"head_meta":125,"extra_data":127,"updated_unix":129},105,"en","commonfund-higher-education-price-index-2023-update-executive-summary","Commonfund Higher Education Price Index - 2023 Update - Executive Summary","","Commonfund’s Higher Education Price Index (HEPI) analyzes inflation in the operating budgets of colleges and universities. The FY2023 update reports that costs for a fixed market basket rose 4.0%, down from 5.2% in FY2022 and 2.7% in FY2021. The report compares HEPI with the Consumer Price Index, details how changes vary across cost components, and explains HEPI’s design, limitations, and how institutions can use the index for long-term budgeting and governance decisions.",{"@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-2023-update-executive-summary/583897/",{"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-2023-update-executive-summary/583897.png","ImageObject",300,407,{"name":92,"@type":93},"Connor ","Person",{"url":74,"name":95,"@type":96},"DocShare","Organization","application/pdf","2026-11-12","2026-10-15",true,{"@type":102,"interactionType":103,"userInteractionCount":52},"InteractionCounter",{"@type":104},"ViewAction",{"@type":106,"mainEntity":107},"FAQPage",[108,114,118],{"name":109,"@type":110,"acceptedAnswer":111},"What does HEPI measure and how is it used by higher education institutions?","Question",{"text":112,"@type":113},"HEPI measures average relative price levels for a fixed market basket of goods and services purchased by colleges and universities. It is used mainly to project future budget increases needed to preserve purchasing power.","Answer",{"name":115,"@type":110,"acceptedAnswer":116},"What was the HEPI cost increase rate in FY2023 compared with prior years?",{"text":117,"@type":113},"Costs rose 4.0% in FY2023, compared with 5.2% in FY2022 and 2.7% in FY2021.",{"name":119,"@type":110,"acceptedAnswer":120},"How does HEPI’s inflation trend compare with the Consumer Price Index (CPI)?",{"text":121,"@type":113},"In FY2023, HEPI increased 4.0% while the CPI rose 6.3%. The report notes this is the second year in a row that CPI exceeded HEPI.","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},583897,1792192346,{"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":52,"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},687207022233,"https://ap-avatar.wpscdn.com/davatar_155a257f0dc6eb9ab79c44ca47cae57d","Commonfund Higher Education Price Index  \n2023 Update  \nCommonfund Higher Education Price Index | 2023 Update  \nWelcome  \nThis year, some of the biggest questions facing higher education are in the process of being answered – will inflation continue to make headlines, and how will institutions respond, especially as high interest rates and market volatility persist? Price increases lingered longer than some anticipated throughout the real economy, impacting students, households, and institutional budgets. Despite many bumps in the road, we’ve seen incredible resilience in the face of an aggressive interest rate raising regime in the form of economic growth and low unemployment rates.  \nHow these dynamics will play out in terms of student enrollment, programmatic innovation, and fundraising are ongoing questions for Trustees and senior staff at institutions of higher education. Commonfund understands the importance of having high-quality and relevant data inputs to anchor good governance and decision making for the long term. That’s why Commonfund’s annual Higher Education Price Index (HEPI) isolates costs most relevant to the operation of higher ed.  \nAs this year’s report shows, costs for a market basket of items making up those operating budgets increased at an annual rate of 4.0 percent in FY2023 compared with 5.2 percent in FY2022 (and 2.7 percent in FY2021) . Inflation is easing, but for higher education institutions, it is still well above the prior decade’s norm. We anticipate this will be an ongoing subject of attention alongside other high priority agenda topics.  \nGeorge Suttles Executive Director Commonfund Institute  \nCommonfund Higher Education Price Index | 2023 Update  \nTable of Contents  \nHIGHER EDUCATION PRICE INDEX INTRODUCTION 1   \nHIGHER EDUCATION PRICE INDEX ANALYSIS 5   \nHIGHER EDUCATION PRICE INDEX FOR DIFFERENT  \nTYPES OF EDUCATIONAL INSTITUTIONS 12  HIGHER EDUCATION PRICE INDICES FOR DIFFERENT  \nREGIONS OF THE COUNTRY 16  LIMITATIONS AND OPPORTUNITIES OF HEPI BY INSTITUTIONAL TYPE AND REGION 19  PURCHASING POWER AND SALARIES OF  \nFULL-TIME PROFESSORS 20  HEPI DESIGN AND USE 23  HEPI QUESTIONS AND ANSWERS 25  SOURCES 27  IMPORTANT NOTES 28   \nAbout Commonfund Institute  \nCommonfund Institute is among the nation’s most trusted sources for relevant, useful, and proprietary data, analytics, and best practices in financial management. The Institute provides a wide variety of resources, including conferences, seminars, roundtables, and online learning through Commonfund Institute Online. Insights cover 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 | 2023 Update  \nHigher Education Price Index Introduction  \nExecutive Summary  \nCommonfund Higher Education Price Index® (HEPI) data show that costs for colleges and universities rose 4.0 percent in FY2023, a decreased rate of inflation compared with 5.2 percent in FY2022 and up from 2.7 percent in FY2021 .(FY2023 covers the period from July 1, 2022, to June 30, 2023, and coincides with the budget year of most institutions of higher education.)  \nThis year is a welcome reprieve from the FY2022 rate of 5.2 percent, which had been the highest since the 6.0 percent rise in FY2001 . The lowest annual rate, an increase of 0.9 percent, occurred in FY2010 . That year marked the beginning of a decade when annual increases in HEPI averaged less than 2.2 percent. By contrast, HEPI increased nearly 3.5 percent on average since FY2020 .  \nYear over year, inflation of costs for higher education institutions declined in four of the eight components tracked by HEPI in FY2023, with the most pronounced decreases in two components: utilities and supplies and materials – the same two categories that increased mo","cbCairm98S2gaXCX","https://ap.wps.com/l/cbCairm98S2gaXCX","pdf",1077587,32,"English","# Table of Contents\n## Higher Education Price Index Introduction\n## Higher Education Price Index Analysis\n## Higher Education Price Index for Different Types of Educational Institutions\n## Higher Education Price Indices for Different Regions of the Country\n## Limitations and Opportunities of HEPI by Institutional Type and Region\n## Purchasing Power and Salaries of Full-Time Professors\n## HEPI Design and Use\n## HEPI Questions and Answers\n## Sources\n## Important Notes","[{\"question\":\"What does HEPI measure and how is it used by higher education institutions?\",\"answer\":\"HEPI measures average relative price levels for a fixed market basket of goods and services purchased by colleges and universities. It is used mainly to project future budget increases needed to preserve purchasing power.\"},{\"question\":\"What was the HEPI cost increase rate in FY2023 compared with prior years?\",\"answer\":\"Costs rose 4.0% in FY2023, compared with 5.2% in FY2022 and 2.7% in FY2021.\"},{\"question\":\"How does HEPI’s inflation trend compare with the Consumer Price Index (CPI)?\",\"answer\":\"In FY2023, HEPI increased 4.0% while the CPI rose 6.3%. The report notes this is the second year in a row that CPI exceeded HEPI.\"}]","Commonfund Higher Education Price Index - 2023 Update - Executive Summary | PDF",1792048853,81]