This paper explains the education price index formulated in 1979 for Canada. It defines a price index as a statistical measure designed to show changes in the price of a commodity or a set of commodities with respect to time. The index calculated for the project covers salaries and wages, instructional supplies, school facilities, supplies and…

This paper discusses the need for a school price index for Canadian schools rather than use of the current government expenditure index to measure price effects on school costs. It discusses four effects on the amount of money spent by school boards, namely, enrollment, quality of schooling, efficiency of use of resources, and current market…