Inflation Calculator is a tool to see how the value of money has changed, due to inflation. The Inflation Calculator is one of important tool in finance today.
The Inflation Calculator uses monthly consumer price index (CPI) data from 1914 to the present to show changes in the cost of a fixed "basket" of consumer purchases. These include food, shelter, furniture, clothing, transportation, and recreation. An increase in this cost is called inflation.
The calculator's results are based on the most recent month for which the CPI data are available. This will normally be about two months prior to the current month.
How to use the Calculator
How to get and use Inflation Calculator? The Inflation Calculator can be used by online. Several website provide Inflation Calculator for free. To use it, you just need to enter any dollar amount, and the years you wish to compare, then click the Calculate button.
One of Online Inflation Calculator is CPI Inflation Calculator. The CPI Inflation Calculator uses the average Consumer Price Index for a given calendar year. This data represents changes in prices of all goods and services purchased for consumption by urban households. This index value has been calculated every year since 1913. For the current year, the latest monthly index value is used.
You can try to use Inflation Calculator by online at www.bls.gov/data/inflation_calculator.htm. Check this out!
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