Day care and preschool priced at $20 in 1996 $55.94 in 2024

Day Care And Preschool Inflation Calculator

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Prices for Day Care And Preschool, 1996-2024 ($20)

According to the U.S. Bureau of Labor Statistics, prices for day care and preschool are 179.70% higher in 2024 versus 1996 (a $35.94 difference in value).

Between 1996 and 2024: Day care and preschool experienced an average inflation rate of 3.74% per year. This rate of change indicates significant inflation. In other words, day care and preschool costing $20 in the year 1996 would cost $55.94 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 2.49% during this same period, inflation for day care and preschool was higher.

In the year 1996: Pricing changed by 3.91%, which is above the average yearly change for day care and preschool during the 1996-2024 time period. Compared to inflation for all items in 1996 (2.93%), inflation for day care and preschool was higher.

Price Inflation for Day care and preschool since 1990

Consumer Price Index, U.S. Bureau of Labor Statistics
Years with the largest changes in pricing: 2023 (5.64%), 2000 (5.48%), and 2006 (5.45%).

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Buying power of $20.00 since 1996

Below are calculations of equivalent buying power for Day care and preschool, over time, for $20 beginning in 1996. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1996$20.003.91%
1997$20.763.82%
1998$21.784.87%
1999$22.905.15%
2000$24.155.48%
2001$25.375.04%
2002$26.665.11%
2003$27.874.53%
2004$28.923.77%
2005$30.194.40%
2006$31.845.45%
2007$33.214.31%
2008$34.724.54%
2009$35.993.65%
2010$37.163.27%
2011$38.192.76%
2012$39.132.46%
2013$40.092.47%
2014$40.942.11%
2015$42.563.97%
2016$43.762.80%
2017$44.882.57%
2018$45.601.61%
2019$46.872.79%
2020$48.212.84%
2021$49.111.88%
2022$51.053.95%
2023$53.935.64%
2024$55.943.73%*

* Not final. See inflation summary for latest details.
** Extended periods of 0% inflation usually indicate incomplete underlying data. This can manifest as a sharp increase in inflation later on.


Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Day care and preschool:

Year19901991199219931994199519961997199819992000200120022003200420052006200720082009201020112012201320142015201620172018201920202021202220232024
CPI100.000103.192108.315113.577119.562124.531129.400134.338140.885148.138156.254164.123172.515180.323187.123195.354206.000214.877224.635232.828240.432247.064253.141259.406264.874275.381283.099290.379295.048303.268311.888317.746330.305348.926361.925

Adjust day care and preschool prices for inflation

Start with the inflation rate formula:

CPI in 2024 / CPI in 1996 * 1996 USD value = 2024 USD value

Then plug in historical CPI values from above. The CPI for Day care and preschool was 129.400 in the year 1996 and 361.925 in 2024:

361.925 / 129.400 * $20 = $55.94

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 1996 has the same "purchasing power" as $55.94 in 2024 (in the CPI category of Day care and preschool).


Source: U.S. Bureau of Labor Statistics began tracking the Consumer Price Index for Day care and preschool in 1990. In addition to day care and preschool, the index produces monthly data on changes in prices paid by urban consumers for a variety of goods and services.

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