The US Inflation Calculator measures the buying power of the dollar over time. Just enter any two dates from 1913 to 2018, an amount, and then click 'Calculate'.

Inflation Calculator

  If in (enter year)  
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  then in (enter year)  
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*Learn how this calculator works. This US Inflation Calculator uses the latest US government CPI data published on September 13 to adjust for inflation and calculate the cumulative inflation rate through August 2018. The Consumer Price Index (CPI) and inflation for September 2018 is scheduled for release by the U.S. Labor Department's Bureau of Labor Statistics on October 11, 2018. (See a chart of recent inflation rates.)


US Producer Prices Jump 1.8% in November, Annual Wholesale Inflation Hits 2.4%

Producer prices in the U.S. increased much more than expected in November, as did the annual wholesale inflation reading, according to a government report on Tuesday.

The Labor Department’s Producer Price Index (PPI), which measures inflation pressures before they reach the consumer, soared 1.8% in November — the biggest gain in three months. Expectations generally ranged from between 0.8% and 1.0%. October’s PPI advanced 0.3%. (Prices declined 0.6% in September after a 1.7% increase in August.)

"The numbers were a bit higher than expected, and investors are concerned a bit, but the market is not moving too much on it because there is a low possibility that these little tickles of inflation would lead to changes in rates," Keith Springer, president of Capital Financial Advisory Services in Sacramento, California, said on Reuters.

Energy prices at the wholesale level surged 6.9% in November as compared to a 1.6% increase in October and a 2.4% decline in September. Gasoline was a big part of the increase, soaring 14.2% in the month. Energy as a whole accounted for about 75% of November’s PPI increase. Continue reading US Producer Prices Jump 1.8% in November, Annual Wholesale Inflation Hits 2.4%

Annual U.S. Inflation Down 0.2%, Consumer Prices Rise 0.3% in October

U.S. consumer prices rose more than expected in October as higher fuel and new and used car prices drove up the cost of living for Americans, according to government data released Wednesday.

The newest Labor Department monthly report reveals that the Consumer Price Index (CPI) edged 0.3% higher, exceeding the 0.2% expectations voice by economists. The increase — the fifth in six months — follows a September elevation of 0.2% which came on the heels of a 0.4% rise in August.

"The latest CPI report does not alter the underlying picture and we continue to expect weaker inflation in 2010 as a result of the substantial amount of spare capacity in the economy," wrote Anna Piretti, an economist for BNP Paribas, who was cited on MarketWatch.

Energy prices were also up for the fifth time in the last six months. The indexes for gasoline, fuel oil, natural gas, and electricity all increased. New car prices rose sharply, jumping at a rate that has not been seen since the 1980s.

In October, core consumer prices or core inflation, which excludes volatile food and energy prices, rose by 0.2% after increasing by the same level in September. That was also 0.1% more than many analysts had expected. Continue reading Annual U.S. Inflation Down 0.2%, Consumer Prices Rise 0.3% in October

Inflation Calculator, US Inflation Rates and CPI Data Updates

The cost of living in the US rose more than expected in October, as Americans paid more for fuel, food and new cars, the government reported Wednesday.

Consumer prices rose 0.3% in October after a 0.2% increase in September, according to the latest Consumer Price Index (CPI) data released by the Labor Department. The increase is 0.1% higher than many economists had forecasted. The good news for consumers is that prices are down 0.2% from a year earlier.

"I don’t see anything in the report that suggests there’s any real inflation flare-up," Joseph LaVorgna, chief U.S. economist at Deutsche Bank Securities Inc. in New York, said on Bloomberg. "The Fed is comfortably on hold."

In October, energy prices climbed 1.5% while food prices advanced 0.1%. Prices for new cars rose 1.6%, the biggest increase in 28 years. Continue reading Inflation Calculator, US Inflation Rates and CPI Data Updates

U.S. Producer Prices Rise in October, but Core Wholesale Inflation Falls

U.S. producer prices in October increased 0.3% as a result of higher food and energy prices, but core wholesale inflation, which excludes the volatile food and energy costs, declined 0.6%, according to a government reported released Tuesday.

The Labor Department’s Producer Price Index, which measures inflation pressures before they reach the consumer, has increased twice during the past four months. Prices declined 0.6% in September following a 1.7% increase in August.

Energy prices at the wholesale level increased 1.6% in October after a decline of 2.4% in September. Gasoline costs climbed 1.9%, accounting for almost half of the increase. Food prices also rose 1.6%, following a 0.1% decline in the month prior. Fresh and dry vegetables prices jumped 24.2% and accounted for about half of the increase.

"There is little doubt that over the last few months, inflation has picked up in the economy," wrote Dan Greenhaus, an economist for Miller Tabak & Co. who was cited on MarketWatch. "But in a general sense, the overall slack in the economy and weakness in the labor market will work to hold down broader inflation measurements over the coming quarters."

Compared with a year earlier, producer prices were 1.9% lower in October. Continue reading U.S. Producer Prices Rise in October, but Core Wholesale Inflation Falls

US Inflation Remains ‘Subdued’, Says Fed

The Federal Reserve ended its two-day meeting Wednesday, and as expected the Federal Open Market Committee (FOMC) did not raise interest rates. Further, in an exact parallel to its last statement, it noted that US inflation remained under control, stating:

With substantial resource slack likely to continue to dampen cost pressures and with longer-term inflation expectations stable, the Committee expects that inflation will remain subdued for some time.

September inflation data indicated that consumer prices declined 1.3% during the prior 12 months and that core annual inflation, which excludes volatile food and energy prices, rose just 1.5% — well within the Federal Reserve’s comfort range of between 1%-2%.

It appears its benchmark federal funds rate will remain virtually at zero for some time as the "economic activity is likely to remain weak for a time," according to the FOMC.

"The one consistent theme with all the Fed speakers is that they’re not going to raise rates any time soon," Drew Matus, an economist at Bank of America-Merrill Lynch, was quoted on NYTimes.com. "That is the one consistent theme that gets hammered home time and again."

In a unanimous vote, the FOMC decided to keep its key rate unchanged in a range of zero to 0.25 percent.

The released Fed statement follows in its entirety: Continue reading US Inflation Remains ‘Subdued’, Says Fed

US wholesale inflation drops as producer prices decline 0.6% in September

Sharply lower energy costs helped pull US wholesale inflation down as producer prices declined 0.6% in September and 4.8% on a year-over-year basis, the government reported Tuesday.

The latest Labor Department’s Producer Price Index number, which measures prices at the factory door and inflation pressures before they reach the consumer, follows 1.7% increase in August.

"Inflation is not an immediate concern," Ryan Sweet, an economist at Moody’s Economy.com in West Chester, Pennsylvania, was quoted on Bloomberg. "We’re probably going to see core inflation continue to soften over the next couple of months" and "this will likely keep the Fed on the sidelines for the foreseeable future."

Both food and energy prices at the wholesale level dropped in September, falling 0.1% and 2.4%, respectively. Continue reading US wholesale inflation drops as producer prices decline 0.6% in September

US Consumer Prices Edge Higher in September, 12-Month Inflation Down 1.3%

US consumer prices inched slightly higher but at a slower pace in September than in August, government released data revealed Thursday.

The Consumer Price Index rose 0.2% last month following a 0.4% increase in August, according to the latest monthly CPI report from the Labor Department. Excluding volatile food and energy prices, the so called core CPI also increased by 0.2%. The same August reading was up by 0.1%.

The latest data again eases concerns of rising inflation — at least for now — as a result of the Fed injecting an unprecedented amount of money into the US economy to stir the recovery.

"Today’s figures won’t shift the argument about inflation risks at the Fed. They don’t show deflation, but nor do they show sufficient inflation pressures to make the doves want to tighten soon," Nigel Gault, chief U.S. economist at IHS Global Insight in Lexington, Massachusetts, was quoted on Reuters.

Continue reading US Consumer Prices Edge Higher in September, 12-Month Inflation Down 1.3%

US Inflation Calculator, Inflation Rates Update

US inflation is contained for at least one more month as consumer prices edged slightly higher in September, the government reported Thursday.

Consumer prices rose slightly at 0.2% following a 0.4% increase in August, according to Consumer Price Index data released by the Labor Department. Prices were held in check by falling food costs and moderating energy bills.

"Inflation remains muted," Jennifer Lee, an economist at BMO Capital Markets in Toronto, was quoted on Bloomberg. "There is still much excess capacity to absorb, retailers are still fighting for their share of consumers’ shrinking wallets."

Annual inflation is down 1.3% after the 1.5% reading in August. It was the seventh consecutive monthly decline. Continue reading US Inflation Calculator, Inflation Rates Update

Fed: Economy has ‘Picked Up’, US Inflation ‘Subdued’

The Federal Reserve ended its two-day meeting Wednesday, and the Federal Open Market Committee (FOMC) held interest rates steady near zero, as expected. The FOMC followed the meeting with a statement saying that "economic activity has picked up." It also indicated US inflation was under control, stating:

With substantial resource slack likely to continue to dampen cost pressures and with longer-term inflation expectations stable, the Committee expects that inflation will remain subdued for some time.

To provide support to mortgage lending and housing markets, the Fed noted that it expects to finish purchases of "$1.25 trillion of agency mortgage-backed securities and up to $200 billion of agency debt" in a slowing pace until the first quarter of 2010.

August inflation data showed that consumer prices had decreased 1.5% during the prior 12 months and that core annual inflation, which excludes volatile food and energy prices, rose just 1.4%. That was the smallest year-over-year gain since February 2004, and well within the Federal Reserve’s traditional comfort zone of between 1%-2%. Continue reading Fed: Economy has ‘Picked Up’, US Inflation ‘Subdued’

Annual US inflation Down 1.5%, August Consumer Prices Higher on Energy Costs

U.S. consumer prices rose slightly in August but the key measure of inflation remained lower over the past 12 months, the government reported Wednesday morning.

Led by a 9.1% increase in gasoline prices, the Consumer Price Index rose 0.4% in August and followed no change in July, according to the Labor Department. The core CPI, which excludes volatile energy and food prices, increased 0.1% in August, the same level as July.

"For inflation to be a concern, we’d have to see core rates rising consistently above 0.2% each month and wages start to rise," PNC analyst Robert Dye was quoted on CNNMoney. "The labor markets are far from healed enough for that to happen."

The latest data also helps to ease concerns of rising inflation due to recent government spending and the Federal Reserve monetary policy of injecting cash into the US economy in a continuing effort to stimulate a recovery. Continue reading Annual US inflation Down 1.5%, August Consumer Prices Higher on Energy Costs