The US Inflation Calculator below measures the buying power of the dollar over time. To use it, just enter any two dates from 1913 to 2020, an amount, and then click 'Calculate'.

Inflation Calculator
  If in (enter year)  
  I purchased an item for $    
  then in (enter year)  
  that same item would cost:  
  Cumulative rate of inflation:  
 
 

Learn how this calculator works. The US Inflation Calculator uses the latest US government CPI data published on September 11, 2020 to adjust for inflation and calculate the cumulative inflation rate through August 2020. The U.S. Labor Department's Bureau of Labor Statistics will release the Consumer Price Index (CPI) with inflation data for September on October 13, 2020. (See a chart of recent inflation rates.)

Inflation, Interest Rates

Inflation helped by lower commodity prices

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The Fed and consumers may have less cause for worry over inflation as a continual fall in commodities gives everyone money to purchase more than gas and groceries.

In the last Federal Reserve meeting on August 4, the Fed said "inflation has been high, spurred by the earlier increases in the prices of energy and some other commodities."

While commodity prices have increased, they are nowhere near their punishing spring highs. As an example, oil prices dropped Monday to a low of $112.72 a barrel. A far cry from its record high of $147.27 on July 11.

Continue reading Inflation helped by lower commodity prices →

Inflation, Inflation Rates, Interest Rates

Fed warns against inflation, but hold rates at 2%

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The Federal Reserve met Tuesday and did what most expected… nothing. Concern over both inflation and economic growth were voiced. But in the end, the Fed left the benchmark federal funds rate at 2 %, where it’s been since April.

The vote was 10-1, with a dissent from Dallas Fed President Richard Fisher, who wanted to increase rates to combat inflation, as he did in the last Fed meeting.

Based on the Federal Open Market Committee (FOMC) statement after the meeting, investors took measure and concluded the Fed would not raise rates in the near term either. Continue reading Fed warns against inflation, but hold rates at 2% →

Inflation Rates, Site Information

New Inflation Rates with Chart, Graph and Table

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The US Inflation Calculator economic site now has a newly updated Inflation Rates information section that includes a chart, graph and table of monthly and annual inflation rates for the last decade.

The rates of inflation come directly from the latest Consumer Price Index (CPI) data published by the Bureau of Labor Statistics (BLS). The chart and graph offers an excellent visual tool for seeing how rates have changes throughout the years.

In economics, the inflation rate is a measure of inflation. In this case, the rate of increase of the Consumer Price Index. The rate of increase/decrease in the purchasing power of dollar is about equal.

Continue reading New Inflation Rates with Chart, Graph and Table →