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Inflation calculator

Even at what seems like a low rate, inflation can erode your purchasing power over time.

This tool will illustrate the historical and future impact of inflation.

Information for inflation calculation
 
$




 years


 % per year


 
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Enter the required information and then select Calculate.
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Cost of goods and services – This is the cost of goods and services at the beginning for the comparison. For example, it could be your annual retirement budget if you were to retire today.

It could also be the amount you paid for a purchase in the past, e.g. your first car in 1970, and you're wondering what it would be worth today.
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Time period – If you select a calendar year in the past 40 years, the calculator will provide the cost of the goods and services today based on actual inflation. If you select a number of years in the future and an assumed inflation rate, the calculator will provide the cost of the goods and services in the future based on the assumed rate of inflation.
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Time period – If you select a calendar year in the past 40 years, the calculator will provide the cost of the goods and services today based on actual inflation. If you select a number of years in the future and an assumed inflation rate, the calculator will provide the cost of the goods and services in the future based on the assumed rate of inflation.
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Assumed inflation rate - The percentage of change in the Consumer Price Index over a given year is the annual inflation rate. The average inflation rate over the last 10 years has been 2.2%. The average over the last 40 years has been 4.5%. You may recall that the inflation rate was at its highest in 1982, when it was in excess of 12% for the year.