According to the U.S. Bureau of Labor Statistics, prices for child care and nursery school were 26.24% higher in 2020 versus 2011 (a $5.25 difference in value).
Between 2011 and 2020: Child care and nursery school experienced an average inflation rate of 2.62% per year. This rate of change indicates significant inflation. In other words, child care and nursery school costing $20 in the year 2011 would cost $25.25 in 2020 for an equivalent purchase. Compared to the overall inflation rate of 1.57% during this same period, inflation for child care and nursery school was higher.
In the year 2011: Pricing changed by 2.76%, which is above the average yearly change for child care and nursery school during the 2011-2020 time period. Compared to inflation for all items in 2011 (3.16%), inflation for child care and nursery school was lower.
Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Child care and nursery school:
Below are calculations of equivalent buying power for Child care and nursery school, over time, for $20 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|