Understanding Inflation's Impact on Your Money
Inflation is the gradual increase in prices over time, which reduces the purchasing power of your money. Our inflation calculator helps you understand how much your dollars will be worth in the future, allowing you to make better financial decisions.
Why Calculate Inflation?
Understanding inflation is crucial for long-term financial planning. Whether you're saving for retirement, planning major purchases, or evaluating investment returns, you need to account for inflation's effect on your purchasing power. A dollar today won't buy the same amount tomorrow.
How Inflation Compounds
Inflation compounds annually, meaning each year's inflation builds on the previous year's prices. Even at a modest 3% annual rate, prices double approximately every 24 years. This compounding effect is why