Nursing homes and adult day services priced at $20 in 2000 $38.90 in 2018

Historical Price Inflation for Nursing homes and adult day services

$

Prices for Nursing Homes And Adult Day Services, 2000-2018 ($20)

According to the U.S. Bureau of Labor Statistics, prices for nursing homes and adult day services were 94.52% higher in 2018 versus 2000 (a $18.90 difference in value).

Between 2000 and 2018: Nursing homes and adult day services experienced an average inflation rate of 3.77% per year. This rate of change indicates significant inflation. In other words, nursing homes and adult day services costing $20 in the year 2000 would cost $38.90 in 2018 for an equivalent purchase. Compared to the overall inflation rate of 2.12% during this same period, inflation for nursing homes and adult day services was higher.

In the year 2000: Pricing changed by 4.88%, which is above the average yearly change for nursing homes and adult day services during the 2000-2018 time period. Compared to inflation for all items in 2000 (3.38%), 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
CPI 100.000 102.315 107.062 111.554 116.992 121.792 127.931 135.200 140.431 144.985 151.008 159.592 165.343 171.630 177.003 182.188 188.805 194.472 200.080 206.406 213.676 220.254 227.574

View price changes for other categories
Women's apparel · Hospital services · New cars · Legal services · More

Buying power of $20 since 2000

Below are calculations of equivalent buying power for Nursing homes and adult day services, 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 4.88%
2001 $20.82 4.10%
2002 $21.87 5.04%
2003 $23.11 5.68%
2004 $24.01 3.87%
2005 $24.79 3.24%
2006 $25.81 4.15%
2007 $27.28 5.68%
2008 $28.27 3.60%
2009 $29.34 3.80%
2010 $30.26 3.13%
2011 $31.15 2.93%
2012 $32.28 3.63%
2013 $33.25 3.00%
2014 $34.20 2.88%
2015 $35.29 3.16%
2016 $36.53 3.52%
2017 $37.65 3.08%
2018 $38.90 3.32%*
* Not final. See inflation summary for latest details.

How to calculate the inflation rate for nursing homes and adult day services, 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 Nursing homes and adult day services was 116.992 in the year 2000 and 227.574 in 2018:

227.574 / 116.992 * $20 = $38.90

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 2000 has the same "purchasing power" as $38.90 in 2018 (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.

» Read more about inflation and investment.