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Purchasing power corresponds to the value of a currency expressed in terms of the amount of goods or services that one unit of money can buy. Purchasing power is strongly linked to inflation, one of the most important macroeconomic indicators. Check out our inflation calculator to learn more.
Our inflation calculator helps you understand how the purchasing power of a certain dollar amount will change over time. In general, the value of money decreases over time. This means that $5 today won’t buy you the same amount of goods or services as it would in 10 years.
Easily calculate how the buying power of the U.S. dollar has changed from 1913 to 2024. Get inflation rates and U.S. inflation news.
Buying Power Calculator. Enter the amount along with the reference year and target year in the tool and the calculator will find the buying power of consumer. The buying power calculator computes the equivalent ($) dollar value of any amount relative to the reference year.
Purchasing Power Today of a US Dollar Transaction in the Past. Enter data as a number without a $ sign or commas. Enter any year between 1790 and 2022.
Calculates the equivalent purchasing power of an amount some years ago based on a certain average inflation rate. The Inflation Calculator utilizes historical Consumer Price Index (CPI) data from the U.S. to convert the purchasing power of the U.S. dollar in different years.
Calculate the inflation and change in buying power between any two years from 1913 through this year. CPI inflation calculator and percentage change in the Consumer Price Index.
Calculate the time value of money based on historical data from the United States, using inflation rates and CPI. To start, select an amount and two years/months.
The Buying Power Calculator is designed to help you understand the impact of inflation and the changing value of money. With just a few inputs, namely the amount, reference year, and target year, this tool instantly calculates the buying power of your money in the specified target year.
Calculate the current value of a given amount in a reference year, considering inflation, with this Buying Power Calculator. Input the current year, the reference year, and the amount in dollars, and find out how much that amount would be worth today.