According to the U.S. Bureau of Labor Statistics, prices for care of invalids and elderly at home were 9.50% higher in 2020 versus 2015 (a $949.63 difference in value).
Between 2015 and 2020: Elderly care experienced an average inflation rate of 1.83% per year. In other words, elderly care costing $10,000 in the year 2015 would cost $10,949.63 in 2020 for an equivalent purchase. Compared to the overall inflation rate of 1.77% during this same period, inflation for elderly care was higher.
In the year 2015: Pricing changed by 1.01%, which is below the average yearly change for elderly care during the 2015-2020 time period. Compared to inflation for all items in 2015 (0.12%), inflation for elderly care was higher.
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 2015. Each of the amounts below is equivalent in terms of what it could buy at the time:
|Year||USD Value||Inflation Rate|