Education Cost Index

The Education Cost Index (ECI) is a measure used to assess the changing costs of providing education over time. It accounts for various expenses such as salaries, facilities, and materials, indicating how much more or less schools and educational institutions may need to spend to maintain their services compared to previous years. By tracking these costs, stakeholders can better understand funding requirements and make informed decisions about budgeting, resources, and educational planning. Essentially, the ECI helps gauge the financial landscape of education, reflecting inflation and shifts in economic conditions relevant to schools.