According to the U.S. Bureau of Labor Statistics, prices for care of invalids and elderly at home were 14.09% higher in 2020 versus 2011 (a $1,408.94 difference in value).
Between 2011 and 2020: Elderly care experienced an average inflation rate of 1.48% per year. In other words, elderly care costing $10,000 in the year 2011 would cost $11,408.94 in 2020 for an equivalent purchase. Compared to the overall inflation rate of 1.57% during this same period, inflation for elderly care was lower.
In the year 2011: Pricing changed by 1.66%, which is above the average yearly change for elderly care during the 2011-2020 time period. Compared to inflation for all items in 2011 (3.16%), inflation for elderly care was lower.
Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Care of invalids and elderly at home:
Below are calculations of equivalent buying power for Elderly care, over time, for $10000 beginning in 2011. Each of the amounts below is equivalent in terms of what it could buy at the time:
|Year||USD Value||Inflation Rate|