According to the U.S. Bureau of Labor Statistics, prices for nursing homes and adult day services are 167.92% higher in 2024 versus 1998 (a $33.58 difference in value).
Between 1998 and 2024: Nursing homes and adult day services experienced an average inflation rate of 3.86% per year. This rate of change indicates significant inflation. In other words, nursing homes and adult day services costing $20 in the year 1998 would cost $53.58 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 2.55% during this same period, inflation for nursing homes and adult day services was higher.
In the year 1998: Pricing changed by 4.64%, which is above the average yearly change for nursing homes and adult day services during the 1998-2024 time period. Compared to inflation for all items in 1998 (1.55%), inflation for nursing homes and adult day services was much higher.
Below are calculations of equivalent buying power for Nursing homes and adult day services, over time, for $20 beginning in 1998. Each of the amounts below is equivalent in terms of what it could buy at the time:
| Year | USD Value | Inflation Rate |
|---|---|---|
| 1998 | $20.00 | 4.64% |
| 1999 | $20.84 | 4.20% |
| 2000 | $21.86 | 4.88% |
| 2001 | $22.75 | 4.10% |
| 2002 | $23.90 | 5.04% |
| 2003 | $25.26 | 5.68% |
| 2004 | $26.23 | 3.87% |
| 2005 | $27.08 | 3.24% |
| 2006 | $28.21 | 4.15% |
| 2007 | $29.81 | 5.68% |
| 2008 | $30.89 | 3.60% |
| 2009 | $32.06 | 3.80% |
| 2010 | $33.07 | 3.13% |
| 2011 | $34.03 | 2.93% |
| 2012 | $35.27 | 3.63% |
| 2013 | $36.33 | 3.00% |
| 2014 | $37.38 | 2.88% |
| 2015 | $38.56 | 3.16% |
| 2016 | $39.92 | 3.52% |
| 2017 | $41.15 | 3.08% |
| 2018 | $42.56 | 3.43% |
| 2019 | $43.95 | 3.28% |
| 2020 | $45.15 | 2.72% |
| 2021 | $46.63 | 3.28% |
| 2022 | $48.59 | 4.20% |
| 2023 | $51.15 | 5.27% |
| 2024 | $53.58 | 4.76%* |
* 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 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 | 2021 | 2022 | 2023 | 2024 |
| 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 | 241.697 | 249.614 | 260.090 | 273.800 | 286.844 |