Inflation Calculator
Understanding Inflation: A Comprehensive Guide
Inflation is the gradual increase in prices and the corresponding decline in the purchasing power of money over time. Our inflation calculator helps you understand how the value of money changes across different periods using historical Consumer Price Index (CPI) data from the U.S. Bureau of Labor Statistics, including projections for 2024-2025.
Key Features of Our Inflation Calculator
Historical Data
Accurate CPI data from 1913 to 2023 from official government sources.
Future Projections
Informed estimates for 2024-2025 based on current economic trends.
Visual Analysis
Interactive chart showing purchasing power changes over time.
How to Interpret the Results
When using projected data (2024-2025), keep in mind:
- Projections are based on current economic conditions and trends
- Actual inflation may differ due to unforeseen events
- Projections are marked in red in both the chart and table
- For precise planning, use historical data only
Updating the Calculator
To keep the calculator accurate:
- Check for updated CPI data monthly from the BLS website
- Replace projection values with actual data when available
- Update the cpiData array in the JavaScript code
Note About Projections
The 2024-2025 inflation projections in this calculator (4.0% for 2024 and 3.5% for 2025) are based on economic forecasts as of mid-2024. These estimates will become less accurate as new economic data emerges. For the most precise calculations, use only historical data.
