According to the U.S. Bureau of Labor Statistics, prices for care of invalids and elderly at home were 19.31% higher in 2021 versus 2012 (a $1,931.04 difference in value).
Between 2012 and 2021: Elderly care experienced an average inflation rate of 1.98% per year. In other words, elderly care costing $10,000 in the year 2012 would cost $11,931.04 in 2021 for an equivalent purchase. Compared to the overall inflation rate of 1.61% during this same period, inflation for elderly care was higher.
In the year 2012: Pricing changed by 1.18%, which is below the average yearly change for elderly care during the 2012-2021 time period. Compared to inflation for all items in 2012 (2.07%), 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 2012. Each of the amounts below is equivalent in terms of what it could buy at the time:
|Year||USD Value||Inflation Rate|