EDITOR'S NOTE:
What are we looking at? A handy US inflation calculator; nothing more nothing less.
And why is this important? Inflation tends to creep at a slow pace, occasionally punctuated by sharp surges, such as the one we’re seeing now.
Go on: It’s often the slow creep you have to watch out for. It’s why analysts use the term “insidious” to describe inflation. Before you know it, your dollar is worth a lot less than you think. But given the record-high pace of our current inflationary rise, now’s a critical time to keep an eye on it.
Our insight: If you look at the value of the dollar in 2019, before the pandemic, and compare it to current values, you’ll realize its purchasing power dropped by 11.6%. For every $100 you saved, your stash is now worth only $88.43. Meanwhile, gold is up 42.26% in the same time period. In short, your valuation of the dollar or of gold would have been incomplete had you not used the calculator.
This U.S. Inflation Calculator measures the buying power of the dollar over time. To use it, just enter any two dates from 1913 to 2022, an amount, and then click 'Calculate'.
Find the calculator here.
Learn how this calculator works. The U.S. Inflation Calculator uses the latest US government CPI data published on May 11, 2022, to adjust for inflation and calculate the cumulative inflation rate through April 2022. The U.S. Labor Department's Bureau of Labor Statistics will release the Consumer Price Index (CPI) with inflation data for May on June 10, 2022. (See a chart of recent inflation rates.)
Originally published on U.S. Inflation Calculator.
