Inflation Calculator
See how inflation can erode purchasing power over time, or what something might cost in the future at a given inflation rate.
This uses the inflation rate you enter, not a forecast. Future inflation is uncertain and can differ significantly from any assumption.
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%
Future cost in 20 years
$1,806
Purchasing power of today's amount, that many years from now
$554
Formula: futureCost = amount × (1 + rate)^years. This is why a fixed amount of cash tends to buy less over time — see the Inflation dictionary entry.
Sources & further reading