%
Yr
Current Cost
Total Inflation

Current Cost

Cost Increase

Future Cost

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)^Years

Where:

  • 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)