It adjusts a past dollar amount to its present-day value by factoring in U.S. inflation rates. This helps you understand how the purchasing power of money changes over time.
You can calculate inflation starting from 1913 (the earliest year with official U.S. Consumer Price Index data) up to the most recent year available.
We use official Consumer Price Index (CPI) data published by the U.S. Bureau of Labor Statistics (BLS) to ensure accurate calculations.
This version of the calculator is based on U.S. inflation data. For other countries, you would need local CPI or inflation data.
Inflation shows how prices increase over time and how the value of money decreases. Knowing this helps you compare past and present prices and make better financial decisions.