Day care and preschool price inflation, 2016→2023

Day Care And Preschool Inflation Calculator

Prices for Day Care And Preschool, 2016-2023 ($20)

According to the U.S. Bureau of Labor Statistics, prices for day care and preschool are 22.80% higher in 2023 versus 2016 (a $4.56 difference in value).

Between 2016 and 2023: Day care and preschool experienced an average inflation rate of 2.98% per year. This rate of change indicates significant inflation. In other words, day care and preschool costing $20 in the year 2016 would cost $24.56 in 2023 for an equivalent purchase. Compared to the overall inflation rate of 3.45% during this same period, inflation for day care and preschool was lower.

In the year 2016: Pricing changed by 2.80%, which is below the average yearly change for day care and preschool during the 2016-2023 time period. Compared to inflation for all items in 2016 (1.26%), 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: 2000 (5.48%), 2006 (5.45%), and 1994 (5.27%).

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Buying power of $20.00 since 2016

Below are calculations of equivalent buying power for Day care and preschool, over time, for $20 beginning in 2016. Each of the amounts below is equivalent in terms of what it could buy at the time:

Year	USD Value	Inflation Rate
2016	$20.00	2.80%
2017	$20.51	2.57%
2018	$20.84	1.61%
2019	$21.42	2.79%
2020	$22.03	2.84%
2021	$22.45	1.88%
2022	$23.33	3.95%
2023	$24.56	5.25%*

* 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
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	347.659

Adjust day care and preschool prices for inflation

Start with the inflation rate formula:

CPI in 2023 / CPI in 2016 * 2016 USD value = 2023 USD value

Then plug in historical CPI values from above. The CPI for Day care and preschool was 283.099 in the year 2016 and 347.659 in 2023:

347.659 / 283.099 * $20 = $24.56

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 2016 has the same "purchasing power" as $24.56 in 2023 (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.