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The Inflation Calculator utilizes historical Consumer Price Index (CPI) data from the U.S. to convert the purchasing power of the U.S. dollar in different years. Simply enter an amount and the year it pertains to, followed by the year the inflation-adjusted amount pertains to.
Jun 12, 2024 · $100 in 2021 is equivalent in purchasing power to about $115.91 today, an increase of $15.91 over 3 years. The dollar had an average inflation rate of 5.04% per year between 2021 and today, producing a cumulative price increase of 15.91%.
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.
How to calculate the inflation rate. To calculate the inflation rate, you’ll need a start date, an end date, and a chart of the Consumer Price Index, a measure of average changes in prices over ...
Looking for a U.S. Inflation Calculator that shows results down to the year and month?
The inflation rate in the United States between 2021 and today has been 16.25%, which translates into a total increase of $16.25. This means that 100 dollars in 2021 are equivalent to 116.25 dollars in 2024. In other words, the purchasing power of $100 in 2021 equals $116.25 today.
The U.S. dollar goes down in value almost every year. Find out how much money from the past is worth today, or vice versa.
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