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Apr 10, 2024 · This inflation calculator uses the official US consumer price index and breaks down inflation by spending category. Enter any year since 1635 to adjust for inflation, measure change in purchasing power, and more.
About This Answer. Our inflation calculator helps you understand how the purchasing power of a certain dollar amount will change over time. In general, the value of money decreases over time. This means that $5 today won’t buy you the same amount of goods or services as it would in 10 years.
The US inflation calculator uses the following formulae: To revalue a sum of money between two periods in time adjusting to the CPI use the following formula: Sum of money ($) times (later date index divided by earlier date index) e.g: $100 x (240.849 [2016]) /238.316 [2015] = $101.062.
Easily calculate how the buying power of the U.S. dollar has changed from 1913 to 2023. Get inflation rates and U.S. inflation news.
Jun 5, 2023 · The CPI inflation calculator is a tool to estimate the change in the general level of prices in the United States over different time intervals. It relies on the consumer price index data, which is published by the U.S. Bureau of Labor Statistics (BLS CPI) every month.
Apr 10, 2024 · Below is a chart and table displaying annual US inflation rates for calendar years from 2000 and 2014 through 2024. For inflation rates in prior years, please refer to historical inflation rates. If you would like to calculate the accumulated rates between two different dates, you can use the US Inflation Calculator.
About the Bank. $ in. is worth $ in. Calculate. Tweet Download the app. This inflation calculator uses the consumer price index (CPI), which measures the average change in prices over time using a periodically updated market basket of goods and services. Through 1977, there was just one CPI measure.
