According to the U.S. Bureau of Labor Statistics, prices for nursing homes and adult day services are 18.68% higher in 2024 versus 2020 (a $3.74 difference in value).
Between 2020 and 2024: Nursing homes and adult day services experienced an average inflation rate of 4.37% per year. This rate of change indicates significant inflation. In other words, nursing homes and adult day services costing $20 in the year 2020 would cost $23.74 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 4.91% during this same period, inflation for nursing homes and adult day services was lower.
In the year 2020: Pricing changed by 2.72%, which is below the average yearly change for nursing homes and adult day services during the 2020-2024 time period. Compared to inflation for all items in 2020 (1.23%), inflation for nursing homes and adult day services was higher.
Below are calculations of equivalent buying power for Nursing homes and adult day services, over time, for $20 beginning in 2020. Each of the amounts below is equivalent in terms of what it could buy at the time:
| Year | USD Value | Inflation Rate |
|---|---|---|
| 2020 | $20.00 | 2.72% |
| 2021 | $20.66 | 3.28% |
| 2022 | $21.52 | 4.20% |
| 2023 | $22.66 | 5.27% |
| 2024 | $23.74 | 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 |