Day care and preschool priced at $20 in 2021 $22.78 in 2024

Day Care And Preschool Inflation Calculator


Prices for Day Care And Preschool, 2021-2024 ($20)

According to the U.S. Bureau of Labor Statistics, prices for day care and preschool are 13.90% higher in 2024 versus 2021 (a $2.78 difference in value).

Between 2021 and 2024: Day care and preschool experienced an average inflation rate of 4.44% per year. This rate of change indicates significant inflation. In other words, day care and preschool costing $20 in the year 2021 would cost $22.78 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 4.83% during this same period, inflation for day care and preschool was lower.

In the year 2021: Pricing changed by 1.88%, which is below the average yearly change for day care and preschool during the 2021-2024 time period. Compared to inflation for all items in 2021 (4.70%), inflation for day care and preschool was lower.

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%).

View price changes for other categories
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Buying power of $20.00 since 2021

Below are calculations of equivalent buying power for Day care and preschool, over time, for $20 beginning in 2021. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate

* 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:


Adjust day care and preschool prices for inflation

Start with the inflation rate formula:

CPI in 2024 / CPI in 2021 * 2021 USD value = 2024 USD value

Then plug in historical CPI values from above. The CPI for Day care and preschool was 317.746 in the year 2021 and 361.925 in 2024:

361.925 / 317.746 * $20 = $22.78

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 2021 has the same "purchasing power" as $22.78 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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