According to the U.S. Bureau of Labor Statistics, prices for care of invalids and elderly at home were 8.48% higher in 2021 versus 2019 (a $847.95 difference in value).
Between 2019 and 2021: Elderly care experienced an average inflation rate of 4.15% per year. This rate of change indicates significant inflation. In other words, elderly care costing $10,000 in the year 2019 would cost $10,847.95 in 2021 for an equivalent purchase. Compared to the overall inflation rate of 1.15% during this same period, inflation for elderly care was significantly higher.
In the year 2019: Pricing changed by 2.76%, which is below the average yearly change for elderly care during the 2019-2021 time period. Compared to inflation for all items in 2019 (1.81%), 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 2019. Each of the amounts below is equivalent in terms of what it could buy at the time:
|Year||USD Value||Inflation Rate|