How inflation calculator works:
This inflation rate calculator app will predict future inflation or past inflation for you. Enter in a time period, average inflation rate, a starting principle and the inflation calc will show you how much that amount of money would be worth in the year you input. This inflation app uses a compound interest formula to calculate inflation.
What is Inflation?
Inflation refers to the overall rise in prices and decrease of value to a certain currency. US inflation refers to the US dollar. For example $1 in 2022 is equal to about $7 in 1970. This means the value of the dollar has decreased of the years because of US inflation and buys less than it used to. Too much inflation can lead to a recession.
This inflation rate calculator app will predict future inflation or past inflation for you. Enter in a time period, average inflation rate, a starting principle and the inflation calc will show you how much that amount of money would be worth in the year you input. This inflation app uses a compound interest formula to calculate inflation.
What is Inflation?
Inflation refers to the overall rise in prices and decrease of value to a certain currency. US inflation refers to the US dollar. For example $1 in 2022 is equal to about $7 in 1970. This means the value of the dollar has decreased of the years because of US inflation and buys less than it used to. Too much inflation can lead to a recession.
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