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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 helps you understand how inflation will affect the future cost of goods and services based on the current cost and expected inflation rate.
Inflation Formula
Future Cost = Current Cost × (1 + Inflation Rate)^Time PeriodWhere:
- Future Cost = Cost after inflation adjustment
- Current Cost = Present cost of the item/service
- Inflation Rate = Annual inflation rate (as decimal)
- Time Period = Number of years
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