According to the U.S. Bureau of Labor Statistics, prices for day care and preschool are 170.44% higher in 2024 versus 1997 (a $34.09 difference in value).
Between 1997 and 2024: Day care and preschool experienced an average inflation rate of 3.75% per year. This rate of change indicates significant inflation. In other words, day care and preschool costing $20 in the year 1997 would cost $54.09 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 2.50% during this same period, inflation for day care and preschool was higher.
In the year 1997: Pricing changed by 3.82%, which is above the average yearly change for day care and preschool during the 1997-2024 time period. Compared to inflation for all items in 1997 (2.33%), inflation for day care and preschool was higher.
Below are calculations of equivalent buying power for Day care and preschool, over time, for $20 beginning in 1997. Each of the amounts below is equivalent in terms of what it could buy at the time:
Year | USD Value | Inflation Rate |
---|---|---|
1997 | $20.00 | 3.82% |
1998 | $20.97 | 4.87% |
1999 | $22.05 | 5.15% |
2000 | $23.26 | 5.48% |
2001 | $24.43 | 5.04% |
2002 | $25.68 | 5.11% |
2003 | $26.85 | 4.53% |
2004 | $27.86 | 3.77% |
2005 | $29.08 | 4.40% |
2006 | $30.67 | 5.45% |
2007 | $31.99 | 4.31% |
2008 | $33.44 | 4.54% |
2009 | $34.66 | 3.65% |
2010 | $35.79 | 3.27% |
2011 | $36.78 | 2.76% |
2012 | $37.69 | 2.46% |
2013 | $38.62 | 2.47% |
2014 | $39.43 | 2.11% |
2015 | $41.00 | 3.97% |
2016 | $42.15 | 2.80% |
2017 | $43.23 | 2.57% |
2018 | $43.93 | 1.61% |
2019 | $45.15 | 2.79% |
2020 | $46.43 | 2.84% |
2021 | $47.31 | 1.88% |
2022 | $49.17 | 3.95% |
2023 | $51.95 | 5.64% |
2024 | $54.09 | 4.12%* |
* 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:
Year | 1990 | 1991 | 1992 | 1993 | 1994 | 1995 | 1996 | 1997 | 1998 | 1999 | 2000 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
CPI | 100.000 | 103.192 | 108.315 | 113.577 | 119.562 | 124.531 | 129.400 | 134.338 | 140.885 | 148.138 | 156.254 | 164.123 | 172.515 | 180.323 | 187.123 | 195.354 | 206.000 | 214.877 | 224.635 | 232.828 | 240.432 | 247.064 | 253.141 | 259.406 | 264.874 | 275.381 | 283.099 | 290.379 | 295.048 | 303.268 | 311.888 | 317.746 | 330.305 | 348.926 | 363.301 |