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The CPI inflation calculator uses the Consumer Price Index for All Urban Consumers (CPI-U) U.S. city average series for all items, not seasonally adjusted. This data represents changes in the prices of all goods and services purchased for consumption by urban households.
Calculates the equivalent purchasing power of an amount some years ago based on a certain average inflation rate. 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.
The formula for calculating the Inflation Rate using the Consumer Price Index (CPI) is relatively simple. Every month the Bureau of Labor Statistics (BLS) surveys thousands of prices all over the country and generates the CPI or (Consumer Price Index).
The CPI inflation calculator is a helpful tool that helps you to compute the cumulative inflation rate together with the average yearly inflation rate in any interval starting from 1993 until the last year.
Calculate the inflation and change in buying power between any two years from 1913 through this year. CPI inflation calculator and percentage change in the Consumer Price Index.
When you pick the starting month and year and ending month and year, enter $100 for the amount, and select ‘Calculate’, the Inflation Calculator retrieves the CPI data for the pair of dates, which is: CPI for April 2000 = 171.300, and; CPI for May 2022 = 292.296; It then performs the following inflation calculations using the data:
Use the form on this page to look up inflation for any year (this year's inflation is estimated based on latest monthly CPI data). What is inflation? Inflation is a measure of how prices change over time.
With this US Inflation Calculator you are able to find out how the value of the USD has changed over the years. Figures based on the Consumer Price Index for All Urban Consumers (CPI-U) as at September 2024. Source: U.S. Bureau of Labor Statistics.
The CPI Inflation Calculator extracts the latest CPI data directly from the Bureau of Labor Statistics. The All-Items CPI, used by the calculator to calculate inflation rates in the United States, is updated as soon as the Bureau of Labor Statistics (BLS) releases its monthly CPI data.
To begin, enter a dollar amount and then select two different years for a comparison. 1. Enter the Dollar Amount. 3. Select the Ending Year. 2. Select the Starting Year. 4. Click the ‘Calculate’ button. How the CPI Inflation Calculator Works.