by: FatPitchFinancials.com • 6
Inflation Adjuster calculates what the buying power of a dollar amount in a certain year is worth in another year. This inflation calculator uses the average annual Consumer Price Index (CPI-U) produced by the U.S. Bureau of Labor Statistics.
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.
Start discovering the REAL value of prices with this simple handy Inflation Adjuster tool today!
Tags: inflation , inflation ajuster