Nursing homes and adult day services priced at $20 in 1996 $48.01 in 2020

Nursing Homes And Adult Day Services Inflation Calculator

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Prices for Nursing Homes And Adult Day Services, 1996-2020 ($20)

According to the U.S. Bureau of Labor Statistics, prices for nursing homes and adult day services were 140.05% higher in 2020 versus 1996 (a $28.01 difference in value).

Between 1996 and 2020: Nursing homes and adult day services experienced an average inflation rate of 3.72% per year. This rate of change indicates significant inflation. In other words, nursing homes and adult day services costing $20 in the year 1996 would cost $48.01 in 2020 for an equivalent purchase. Compared to the overall inflation rate of 2.09% during this same period, inflation for nursing homes and adult day services was higher.

Price Inflation for Nursing homes and adult day services since 1996

Consumer Price Index, U.S. Bureau of Labor Statistics
Years with the largest changes in pricing: 2007 (5.68%), 2003 (5.68%), and 2002 (5.04%).

Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Nursing homes and adult day services:

Year 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
CPI 100.000 102.315 107.062 111.554 116.992 121.792 127.931 135.200 140.431 144.985 151.008 159.592 165.343 171.630 177.003 182.188 188.805 194.472 200.080 206.406 213.676 220.254 227.819 235.292 240.047

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Buying power of $20 since 1996

Below are calculations of equivalent buying power for Nursing homes and adult day services, over time, for $20 beginning in 1996. Each of the amounts below is equivalent in terms of what it could buy at the time:

Year USD Value Inflation Rate
1996 $20.00 -
1997 $20.46 2.32%
1998 $21.41 4.64%
1999 $22.31 4.20%
2000 $23.40 4.88%
2001 $24.36 4.10%
2002 $25.59 5.04%
2003 $27.04 5.68%
2004 $28.09 3.87%
2005 $29.00 3.24%
2006 $30.20 4.15%
2007 $31.92 5.68%
2008 $33.07 3.60%
2009 $34.33 3.80%
2010 $35.40 3.13%
2011 $36.44 2.93%
2012 $37.76 3.63%
2013 $38.89 3.00%
2014 $40.02 2.88%
2015 $41.28 3.16%
2016 $42.74 3.52%
2017 $44.05 3.08%
2018 $45.56 3.43%
2019 $47.06 3.28%
2020 $48.01 2.02%*
* Not final. See inflation summary for latest details.

How to calculate the inflation rate for nursing homes and adult day services, 1996-2020

Start with the inflation rate formula:

CPI in 2020 / CPI in 1996 * 1996 USD value = 2020 USD value

Then plug in historical CPI values from above. The CPI for Nursing homes and adult day services was 100.000 in the year 1996 and 240.047 in 2020:

240.047 / 100.000 * $20 = $48.01

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 1996 has the same "purchasing power" as $48.01 in 2020 (in the CPI category of Nursing homes and adult day services).


Source: U.S. Bureau of Labor Statistics began tracking the Consumer Price Index for Nursing homes and adult day services in 1996. In addition to nursing homes and adult day services, the index produces monthly data on changes in prices paid by urban consumers for a variety of goods and services.

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