HomeCare April 12, 2024
At a 14.2% increase, the Consumer Price Index saw the largest reported increase since 2005 when it first started gathering data on the industry
WASHINGTON—The March Consumer Price Index (CPI) Report showed an annual price increase in home health care costs at 14.2%. This is the largest reported increase from the CPI since 2005, when the Bureau of Labor Statistics first started gathering data on the industry.
The CPI measures the change in prices paid by consumers for goods and services and reflects spending patterns for urban consumers, urban wage workers and clerical workers. However, the CPI does not include the spending patterns of people living in rural nonmetropolitan areas, farming families, people in the armed forces and those...
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