Our Inflation Calculator helps you understand how inflation affects your money. While we provide U.S. inflation data, you can input custom rates for any country. Calculate future values, estimate inflation rates, or determine future purchasing power needs.
Simply enter your values and click “Calculate” to see inflation’s impact on your finances.
Inflation Calculator
Calculation Options
Calculate Future Price: This option allows you to find out how much a certain amount will be worth in the future. Enter the original amount, the expected inflation rate, and the time period in years to calculate the future price. This helps you understand how inflation affects the purchasing power of your money over time.
Calculate Original Amount: If you want to know how much you need to invest today to reach a certain amount in the future, choose this option. You need to enter the future price, the expected inflation rate, and the time period in years. The calculator will then show you the required original amount to reach the desired goal.
Calculate Time Period: This option allows you to calculate how long it takes for a certain amount to grow to a desired future price due to inflation. Enter the original amount, the future price, and the expected inflation rate to determine the required time period in years.
Calculate Inflation Rate: With this option, you can calculate the inflation rate needed to reach a certain amount in the future. You need to enter the original amount, the future price, and the time period in years. The calculator will then show you the necessary annual inflation rate to reach the desired goal.
Average U.S. Inflation for the Last 5, 10, 15, and 20 Years
| Average Inflation: | Time Period: |
|---|---|
| Average inflation for the last 5 years for U.S. | 4.12% |
| Average inflation for the last 10 years for U.S. | 2.82% |
| Average inflation for the last 15 years for U.S. | 2.57% |
| Average inflation for the last 20 years for U.S. | 2.60% |
Historical Inflation Data for the United States
The following table shows the inflation rates in the United States since 2000. The data is based on the Consumer Price Index and has been rounded to one decimal place. This overview allows you to trace the development of inflation in the United States over the past decades.
| Year | Inflation Rate YOY |
|---|---|
| 2000 | 3.40% |
| 2001 | 1.60% |
| 2002 | 2.40% |
| 2003 | 1.90% |
| 2004 | 3.30% |
| 2005 | 3.40% |
| 2006 | 2.50% |
| 2007 | 4.10% |
| 2008 | 0.10% |
| 2009 | 2.70% |
| 2010 | 1.50% |
| 2011 | 3.00% |
| 2012 | 1.70% |
| 2013 | 1.50% |
| 2014 | 0.80% |
| 2015 | 0.70% |
| 2016 | 2.10% |
| 2017 | 2.10% |
| 2018 | 1.90% |
| 2019 | 2.30% |
| 2020 | 1.40% |
| 2021 | 7.00% |
| 2022 | 6.50% |
| 2023 | 3.40% |
Source of data: bls.gov
Practical Example: Formula for Calculating the Effects of Inflation
To calculate the effects of inflation on your money, you can use the following formula:
Formula:
\(Future\ Price = Original\ Amount \times (1 + \frac{Inflation\ Rate}{100})^{Time\ Period}\)Example: Suppose you want to know how much your current amount of $1,000 will be worth in 10 years if the annual inflation rate is 2%.
Calculation:
\(Future\ Price = 1,000 \times (1 + \frac{2}{100})^{10}\)This results in:
\(Future\ Price = 1,000 \times (1.02)^{10} = 1,000 \times 1.21899 = $1,218.99\)This means that your current amount of $1,000 will grow to $1,218.99 in 10 years with an annual inflation rate of 2%. Keep in mind that the purchasing power of your money decreases due to inflation.
In this case, the original purchasing power of $1,000 would only correspond to a purchasing power of about $820.35 in 10 years.
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