According to the U.S. Bureau of Labor Statistics, prices for nursing homes and adult day services are 186.84% higher in 2024 versus 1996 (a $37.37 difference in value).
Between 1996 and 2024: Nursing homes and adult day services experienced an average inflation rate of 3.84% per year. This rate of change indicates significant inflation. In other words, nursing homes and adult day services costing $20 in the year 1996 would cost $57.37 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 2.50% during this same period, 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 1996. Each of the amounts below is equivalent in terms of what it could buy at the time:
| Year | USD Value | Inflation Rate |
|---|---|---|
| 1996 | $20.00 | - |
| 1997 | $20.46 | 2.32% |
| 1998 | $21.41 | 4.64% |
| 1999 | $22.31 | 4.20% |
| 2000 | $23.40 | 4.88% |
| 2001 | $24.36 | 4.10% |
| 2002 | $25.59 | 5.04% |
| 2003 | $27.04 | 5.68% |
| 2004 | $28.09 | 3.87% |
| 2005 | $29.00 | 3.24% |
| 2006 | $30.20 | 4.15% |
| 2007 | $31.92 | 5.68% |
| 2008 | $33.07 | 3.60% |
| 2009 | $34.33 | 3.80% |
| 2010 | $35.40 | 3.13% |
| 2011 | $36.44 | 2.93% |
| 2012 | $37.76 | 3.63% |
| 2013 | $38.89 | 3.00% |
| 2014 | $40.02 | 2.88% |
| 2015 | $41.28 | 3.16% |
| 2016 | $42.74 | 3.52% |
| 2017 | $44.05 | 3.08% |
| 2018 | $45.56 | 3.43% |
| 2019 | $47.06 | 3.28% |
| 2020 | $48.34 | 2.72% |
| 2021 | $49.92 | 3.28% |
| 2022 | $52.02 | 4.20% |
| 2023 | $54.76 | 5.27% |
| 2024 | $57.37 | 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 |