Elderly care priced at $10,000 in 2005 $12,068.40 in 2018

Historical Price Inflation for Elderly care

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Prices for Elderly Care, 2005-2018 ($10,000)

According to the U.S. Bureau of Labor Statistics, prices for care of invalids and elderly at home were 20.68% higher in 2018 versus 2005 (a $2,068.40 difference in value).

Between 2005 and 2018: Elderly care experienced an average inflation rate of 1.46% per year. In other words, elderly care costing $10,000 in the year 2005 would cost $12,068.40 in 2018 for an equivalent purchase. Compared to the overall inflation rate of 1.95% during this same period, inflation for elderly care was lower.

Price Inflation for Care of invalids and elderly at home since 2005

Consumer Price Index, U.S. Bureau of Labor Statistics
Years with the largest changes in pricing: 2008 (4.57%), 2016 (2.27%), and 2009 (1.84%).

Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Care of invalids and elderly at home:

Year 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
CPI 100.000 101.777 103.164 107.882 109.872 111.280 113.133 114.470 115.117 116.704 117.878 120.550 119.642 120.684

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Buying power of $10000 since 2005

Below are calculations of equivalent buying power for Elderly care, over time, for $10000 beginning in 2005. Each of the amounts below is equivalent in terms of what it could buy at the time:

Year USD Value Inflation Rate
2005 $10,000.00 -
2006 $10,177.69 1.78%
2007 $10,316.41 1.36%
2008 $10,788.15 4.57%
2009 $10,987.16 1.84%
2010 $11,127.99 1.28%
2011 $11,313.26 1.66%
2012 $11,446.98 1.18%
2013 $11,511.68 0.57%
2014 $11,670.38 1.38%
2015 $11,787.82 1.01%
2016 $12,055.02 2.27%
2017 $11,964.18 -0.75%
2018 $12,068.40 0.87%*
* Not final. See inflation summary for latest details.

How to calculate the inflation rate for elderly care, 2005-2018

Start with the inflation rate formula:

CPI in 2018 / CPI in 2005 * 2005 USD value = 2018 USD value

Then plug in historical CPI values from above. The CPI for Care of invalids and elderly at home was 100.000 in the year 2005 and 120.684 in 2018:

120.684 / 100.000 * $10,000 = $12,068.40

Therefore, according to U.S. Bureau of Labor Statistics, $10,000 in 2005 has the same "purchasing power" as $12,068.40 in 2018 (in the CPI category of Care of invalids and elderly at home).


Source: U.S. Bureau of Labor Statistics began tracking the Consumer Price Index for Care of invalids and elderly at home in 2005. In addition to elderly care, the index produces monthly data on changes in prices paid by urban consumers for a variety of goods and services.

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