Elderly care priced at $10,000 in 2018 $11,304.47 in 2021

Elderly Care Inflation Calculator

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Prices for Elderly Care, 2018-2021 ($10,000)

According to the U.S. Bureau of Labor Statistics, prices for care of invalids and elderly at home were 13.04% higher in 2021 versus 2018 (a $1,304.47 difference in value).

Between 2018 and 2021: Elderly care experienced an average inflation rate of 4.17% per year. This rate of change indicates significant inflation. In other words, elderly care costing $10,000 in the year 2018 would cost $11,304.47 in 2021 for an equivalent purchase. Compared to the overall inflation rate of 1.83% during this same period, inflation for elderly care was higher.

In the year 2018: Pricing changed by 0.98%, which is significantly below the average yearly change for elderly care during the 2018-2021 time period. Compared to inflation for all items in 2018 (2.44%), inflation for elderly care was lower.

Price Inflation for Care of invalids and elderly at home since 2005

Consumer Price Index, U.S. Bureau of Labor Statistics
Years with the largest changes in pricing: 2021 (5.81%), 2008 (4.57%), and 2020 (3.96%).

Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Care of invalids and elderly at home:

Year 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021
CPI 100.000 101.777 103.164 107.882 109.872 111.280 113.133 114.470 115.117 116.704 117.878 120.550 119.642 120.815 124.151 129.072 136.574

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Buying power of $10000 since 2018

Below are calculations of equivalent buying power for Elderly care, over time, for $10000 beginning in 2018. Each of the amounts below is equivalent in terms of what it could buy at the time:

Year USD Value Inflation Rate
2018 $10,000.00 0.98%
2019 $10,276.13 2.76%
2020 $10,683.51 3.96%
2021 $11,304.47 5.81%*
* Not final. See inflation summary for latest details.

How to calculate the inflation rate for elderly care, 2018-2021

Start with the inflation rate formula:

CPI in 2021 / CPI in 2018 * 2018 USD value = 2021 USD value

Then plug in historical CPI values from above. The CPI for Care of invalids and elderly at home was 120.815 in the year 2018 and 136.574 in 2021:

136.574 / 120.815 * $10,000 = $11,304.47

Therefore, according to U.S. Bureau of Labor Statistics, $10,000 in 2018 has the same "purchasing power" as $11,304.47 in 2021 (in the CPI category of Care of invalids and elderly at home).


Source: U.S. Bureau of Labor Statistics began tracking the Consumer Price Index for Care of invalids and elderly at home in 2005. In addition to elderly care, the index produces monthly data on changes in prices paid by urban consumers for a variety of goods and services.

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