According to the U.S. Bureau of Labor Statistics, prices for child care and nursery school were 18.84% higher in 2021 versus 2014 (a $3.77 difference in value).
Between 2014 and 2021: Child care and nursery school experienced an average inflation rate of 2.50% per year. This rate of change indicates significant inflation. In other words, child care and nursery school costing $20 in the year 2014 would cost $23.77 in 2021 for an equivalent purchase. Compared to the overall inflation rate of 1.44% during this same period, inflation for child care and nursery school was higher.
In the year 2014: Pricing changed by 2.11%, which is below the average yearly change for child care and nursery school during the 2014-2021 time period. Compared to inflation for all items in 2014 (1.62%), inflation for child care and nursery school was higher.
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 2014. Each of the amounts below is equivalent in terms of what it could buy at the time:
|Year||USD Value||Inflation Rate|