Adjusts a monetary amount for inflation over a selected period.
The inflation calculator shows how the purchasing power of money changes over time, converting between today's and future (or past) values at a given average inflation rate.
Future value = Present value × (1 + rate)^years Present value = Future value / (1 + rate)^years Real value of $X in n years = X / (1 + rate)^n
$1,000 today at 3% annual inflation. In 10 years its purchasing power = $1,000 / 1.03^10 = $744. Or: to match $1,000 today you will need $1,000 × 1.03^10 = $1,344 in 10 years.
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