Child care and nursery school priced at $20 in 2000 $37.74 in 2018

Historical Price Inflation for Child care and nursery school

$

Prices for Child Care And Nursery School, 2000-2018 ($20)

According to the U.S. Bureau of Labor Statistics, prices for child care and nursery school were 88.70% higher in 2018 versus 2000 (a $17.74 difference in value).

Between 2000 and 2018: Child care and nursery school experienced an average inflation rate of 3.59% per year. This rate of change indicates significant inflation. In other words, child care and nursery school costing $20 in the year 2000 would cost $37.74 in 2018 for an equivalent purchase. Compared to the overall inflation rate of 2.12% during this same period, inflation for child care and nursery school was higher.

In the year 2000: Pricing changed by 5.48%, which is above the average yearly change for child care and nursery school during the 2000-2018 time period. Compared to inflation for all items in 2000 (3.38%), inflation for child care and nursery school was higher.

Price Inflation for Child care and nursery school since 1990

Consumer Price Index, U.S. Bureau of Labor Statistics
Years with the largest changes in pricing: 2000 (5.48%), 2006 (5.45%), and 1994 (5.27%).

Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Child care and nursery school:

Year 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
CPI 100.000 103.192 108.315 113.577 119.562 124.531 129.400 134.338 140.885 148.138 156.254 164.123 172.515 180.323 187.123 195.354 206.000 214.877 224.635 232.828 240.432 247.064 253.141 259.406 264.874 275.381 283.099 290.379 294.844

View price changes for other categories
Educational books and supplies · Wireless telephone services · Detroit, Michigan · Hospital services · More

Buying power of $20 since 2000

Below are calculations of equivalent buying power for Child care and nursery school, over time, for $20 beginning in 2000. Each of the amounts below is equivalent in terms of what it could buy at the time:

Year USD Value Inflation Rate
2000 $20.00 5.48%
2001 $21.01 5.04%
2002 $22.08 5.11%
2003 $23.08 4.53%
2004 $23.95 3.77%
2005 $25.00 4.40%
2006 $26.37 5.45%
2007 $27.50 4.31%
2008 $28.75 4.54%
2009 $29.80 3.65%
2010 $30.77 3.27%
2011 $31.62 2.76%
2012 $32.40 2.46%
2013 $33.20 2.47%
2014 $33.90 2.11%
2015 $35.25 3.97%
2016 $36.24 2.80%
2017 $37.17 2.57%
2018 $37.74 1.54%*
* Not final. See inflation summary for latest details.

How to calculate the inflation rate for child care and nursery school, 2000-2018

Start with the inflation rate formula:

CPI in 2018 / CPI in 2000 * 2000 USD value = 2018 USD value

Then plug in historical CPI values from above. The CPI for Child care and nursery school was 156.254 in the year 2000 and 294.844 in 2018:

294.844 / 156.254 * $20 = $37.74

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 2000 has the same "purchasing power" as $37.74 in 2018 (in the CPI category of Child care and nursery school).


Source: U.S. Bureau of Labor Statistics began tracking the Consumer Price Index for Child care and nursery school in 1990. In addition to child care and nursery school, the index produces monthly data on changes in prices paid by urban consumers for a variety of goods and services.

» Read more about inflation and investment.