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%
Yr
Current Cost
Total Inflation
Current Cost
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Cost Increase
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Future Cost
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What is Inflation?
Inflation is the rate at which the general level of prices for goods and services rises, eroding purchasing power. This calculator has two modes: Future cost — what today's price will be in N years — and Current value from past price — what a price from N years ago would be worth in today's money.
Inflation Formula
Result = Amount × (1 + Inflation Rate)^YearsWhere:
- Future mode: Amount = current cost, Result = future cost after Time period (years)
- Past mode: Amount = past price, Result = equivalent current price after Years ago
- Inflation Rate = Annual inflation rate (as decimal)
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