What Is Index That Reports Price Changes For 80,000 Goods And Services

Electric current Inflation Rate
8.26%
Trailing 12-month CPI

Current CPI
289.109
Bureau of Labor Statistics

Annual Inflation (2021)
4.70%
Bureau of Labor Statistics

Use our Inflation Estimator

Updated: May 11, 2022

This aggrandizement calculator uses official records published by the U.S. Department of Labor. Inflation has averaged 0.92% per twelvemonth since 1635, causing an overall toll difference of three,383.24%.

Apply the class on this page to wait up aggrandizement for any yr (this twelvemonth's inflation is estimated based on latest monthly CPI data).

Well-nigh Inflation

What is inflation? Inflation is a measure of how prices change over time. The U.S. Bureau of Labor Statistics (a function of the U.S. Department of Labor) selects a "basket of goods," which is a collection of many goods and services that are commonly used by consumers. Every month, the prices of these goods are measured and compared to previous prices.

Use the inflation calculator class as a starting point for answering questions that you lot have nigh the historical inflation charge per unit in the U.S. This reckoner allows you to "right for inflation". You tin can also acquire about inflation for the Great britain, Canada, Australia, and Europe.

Compared to terminal twelvemonth's annual charge per unit, the inflation rate in 2022 is now viii.26% ¹. If this number holds, $100 today would be equivalent to $108.26 next yr.

Go to the current inflation folio for a more detailed, calendar month-to-month view of official inflation rates, or test assumptions to predict future inflation.

Inflation from 1635 to 2022
Cumulative toll change	3,383.24%
Average inflation charge per unit	0.92%
Cost divergence ($100 base)	$3,383.24
CPI in 1635	8.3
CPI in 2022	289.109

Note that CPI data prior to 1913 is estimated past Dr. Robert Sahr of Oregon State University and the American Antique Social club.

U.S. inflation chart since 1665

You may also be interested in inflation since 2000 or aggrandizement since 1950.

Aggrandizement by Spending Category

Every item in the Consumer Price Index "basket of goods" is categorized into spending categories. There are 8 major categories (food, housing, dress, transportation, medical intendance, recreation, education, and other), and over 200 subcategories.

In the past twelvemonth, the biggest mover is Transportation, which changed by eleven.96%. This is followed by Food and beverages (5.71%), Apparel (iv.96%), and finally Housing (4.26%).

Transportation has averaged 3.39% inflation since 1935. Nutrient and beverages, Apparel, and Housing averaged 3.94%, 1.99%, and 4.eighteen% respectively since they were starting time recorded.

In summary:

Transportation: xi.96% (avg. iii.39% between 1935 and 2022)
Nutrient and beverages: 5.71% (avg. 3.94% between 1967 and 2022)
Apparel: four.96% (avg. 1.99% between 1913 and 2022)
Housing: 4.26% (avg. iv.xviii% between 1967 and 2022)

Notation that category changes will announced every bit "-100%" if data for this twelvemonth has non notwithstanding been released.

Inflation by City (1990-current)

Inflation can vary widely by city, fifty-fifty within the Us. For obvious reasons nosotros do not have aggrandizement data going all the manner dorsum to the 1600s for these cities, but this extract showing inflation from 1990 to present day will give y'all an idea of how inflation varies by location.

Click through to see more metropolis details or run your own inflation calculation using the form at the top of the page.

Here's how purchasing power in some major cities changed between 1990 and 2020:

San Diego, California: 3.41% average rate, $100 → $255.60, cumulative change of 155.lx%
Seattle, Washington: three.33% average charge per unit, $100 → $258.44, cumulative modify of 158.44%
Denver, Colorado: 2.80% average rate, $100 → $216.67, cumulative alter of 116.67%
San Francisco, California: ii.78% boilerplate rate, $100 → $221.79, cumulative modify of 121.79%
Atlanta, Georgia: 2.63% boilerplate rate, $100 → $212.52, cumulative change of 112.52%
Miami-Fort Lauderdale, Florida: 2.threescore% average rate, $100 → $210.49, cumulative alter of 110.49%
Tampa, Florida: 2.52% boilerplate rate, $100 → $200.77, cumulative change of 100.77%
Boston, Massachusetts: ii.45% average rate, $100 → $202.00, cumulative change of 102.00%
New York: 2.42% average rate, $100 → $199.92, cumulative change of 99.92%
Minneapolis-St Paul, Minnesota: two.37% boilerplate charge per unit, $100 → $192.89, cumulative change of 92.89%
Houston, Texas: ii.23% boilerplate charge per unit, $100 → $189.62, cumulative change of 89.62%
Dallas-Fort Worth, Texas: 2.22% average rate, $100 → $188.82, cumulative change of 88.82%
Philadelphia, Pennsylvania: ii.nineteen% boilerplate rate, $100 → $187.52, cumulative modify of 87.52%
Chicago, Illinois: ii.09% boilerplate rate, $100 → $182.26, cumulative alter of 82.26%
Detroit, Michigan: 2.08% average rate, $100 → $181.85, cumulative change of 81.85%
St Louis, Missouri: 2.04% average rate, $100 → $179.57, cumulative change of 79.57%

San Diego, California experienced the highest average inflation rate of all the cities, 3.41%, in the 29 years between 1990 and 2020.

In other words, $100 in 1990 is equivalent to $255.lx in 2020 in San Diego!

St. Louis, Missouri experienced the lowest inflation charge per unit of 2.04% during the 29 years between 1990 and 2020. $100 in 1990 is equivalent to $179.57 in 2020 in St. Louis.

Inflation past Country (1990-current)

Inflation can also vary widely by country. For comparison, in the Great britain £100.00 in 1990 would be equivalent to £225.41 in 2020, an accented change of £125.41 and a cumulative change of 125.41%. For more than, see the U.k. inflation figurer.

In Canada, CA$100.00 in 1990 would exist equivalent to CA$166.96 in 2020, an absolute change of CA$66.96 and a cumulative change of 66.96%. This site as well has a Canada inflation figurer.

Compare the rates higher up to the US'south overall absolute change of $95.98 and total per centum change of 95.98%.

Nosotros also track rates for other countries:

Inflation in Europe: how the Euro tracks beyond 37 countries
Inflation in Australia: inflation down under
Inflation in Venezuela: a recent example of delinquent hyperinflation

The Consumer Price Index

The result of the Bureau of Labor Statistics' monthly "basket of goods" measurement is a unmarried number known as the Consumer Price Index (CPI). This the weighted average of many changes in the toll of goods and services.

Inflation is quantified every bit a charge per unit because it is a measure of how the CPI changes over time. When yous see an inflation charge per unit, the number is based on change in CPI between two points in time.

It's of import to know which dates are being compared in society to empathise the inflation charge per unit. In virtually cases, inflation rates are 12-calendar month trailing. This means, for instance, that the aggrandizement rate released in March 2022 is based on a comparison to the CPI in March 2021. If the inflation rate is annual, then it's based on the twelvemonth-over-year CPI.

Select 1 of the options below to explore the basket of goods, or view the U.Due south. CPI over time.

Purchasing Power

The concept of "purchasing power" is used to compare the value of a dollar between unlike years. The Consumer Price Alphabetize directly measures purchasing power past keeping track of how many dollars information technology takes to buy common goods and services.

For example, if an apple costs $0.50 final twelvemonth and $1.00 today, we can say that "the purchasing power of a dollar has decreased," because a dollar now buys you lot 1 apple instead of two (you lot can view actual inflation rates for apples and many other items).

Inflation is linked to purchasing power. Equally inflation takes place, the purchasing power of the dollar decreases. If deflation takes place, the purchasing power of the dollar increases.

Case: Summate the Inflation Charge per unit for $100 since 2000

This inflation calculator uses the post-obit inflation rate formula:

CPI in 2020 CPI in 2000

2000 USD value

2020 USD value

And then plug in historical CPI values. The U.S. CPI was 172.2 in the year 2000 and 257.208 in 2020:

257.208 172.2

$100

$149.37

$100 in 2000 has the same "purchasing power" or "buying power" as $149.37 in 2020.

To go the total inflation charge per unit for the 20 years between 2000 and 2020, we use the post-obit formula:

CPI in 2020 - CPI in 2000 CPI in 2000

100

Cumulative inflation rate (twenty years)

Plugging in the values to this equation, we go:

257.208 - 172.2 172.ii

100

49.37%

Information source & citation

Raw information for these calculations comes from the Bureau of Labor Statistics' Consumer Cost Alphabetize (CPI), established in 1913. Aggrandizement information from 1634 to 1912 is sourced from a historical written report conducted past political science professor Robert Sahr at Oregon State University and from the American Antique Society.

You may utilize the following MLA citation for this page: "Inflation Calculator." U.South. Official Inflation Information, Alioth Finance, 21 May. 2022, https://www.officialdata.org/.

Ian Webster

Nigh the author

Ian Webster is an engineer and data skilful based in San Mateo, California. He has worked for Google, NASA, and consulted for governments around the world on information pipelines and data assay. Disappointed by the lack of clear resource on the impacts of aggrandizement on economic indicators, Ian believes this website serves equally a valuable public tool. Ian earned his degree in Computer Science from Dartmouth College.

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