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Financial Calculators

Inflation Calculator

See what inflation does to prices and to the value of your money. Choose whether you want the future cost of something that costs a given amount today, or the future purchasing power of a sum of money.

I want to know
$
% a year
years
Cost in 10 years$1,628.89
Increase
$628.89
Cumulative inflation
62.89%
Step-by-step working
  1. Growth factor = (1 + 5%)^10 = 1.628895
  2. $1,000.00 × 1.628895 = $1,628.89

How to use the Inflation Calculator

  1. Choose future cost or future purchasing power.
  2. Enter the amount, the expected average inflation rate and the number of years.
  3. Press Calculate.

Formula

Future cost = Amount × (1 + i)n   Purchasing power = Amount ÷ (1 + i)n

Examples

  • 1,000 at 5% for 10 years → items cost ≈ 1,628.89; 1,000 buys what ≈ 613.91 buys today.

Frequently asked questions

Where can I find past inflation rates?

National statistics offices publish consumer price index (CPI) data, for example the Ministry of Statistics (MoSPI) in India, the Bureau of Labor Statistics in the US and the ONS in the UK.

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