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How does the inflation calculator work?

The Inflation Calculator provided by following the link offers precise outcomes by presenting the accumulated inflation rate between specific months and years, instead of computing the overall inflation rate for calendar years (or up until the latest month for 2023), which is done by the more widely used calculator above.

How are inflation rates calculated?

The table displays historical inflation rates with annual figures from 1914 to the present. These inflation rates are calculated using the Consumer Price Index, which is published monthly by the Bureau of Labor Statistics ( BLS) of the U.S. Department of Labor. The latest BLS data, covering up to June, was released on July 11, 2024.

How much is inflation per year?

This inflation calculator uses official records published by the U.S. Department of Labor. Inflation has averaged 0.94% per year since 1635, causing an overall price difference of 3,685.24%. Use the form on this page to look up inflation for any year (this year's inflation is estimated based on latest monthly CPI data). What is inflation?

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