Inflation Adjuster calculates what the buying power of a dollar amount in a certain year is worth in another year. This professional version of the inflation calculator provides you the option to select the average annual Consumer Price Index (CPI-U), the Producer Price Index (PPI) for Finished Goods, or the Employment Cost Index (ECI) private industry wage and salary index produced by the U.S. Bureau of Labor Statistics. In addition, you also have the option of selecting the Gross Domestic Product (GDP) Implicit Price Deflator produced by the Bureau of Economic Analysis.
The CPI represents changes in prices of all goods and services purchased for consumption by urban households. This index value has been calculated every year since 1913. For the current year, the latest monthly index value is used.
In addition to estimating the buying power of a certain dollar amount, the Inflation Adjuster also reports on the total percent nominal price change and the annualized rate of inflation for the selected time period.
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