Inflation Calculator: Understand the Value of Money Over Time
Welcome to Bitcoin Collective's Inflation Calculator. This tool helps you understand how inflation affects the purchasing power of money over time.
Inflation Calculator
Results
$100 in 1960, Adjusted for Inflation
Buying Power of $100 Over Time, 1960-2024
Results
Buying Power of $100 Over Time, 1960-2024
Updated: 14th July 2024
What Is Inflation?
Inflation measures the rate at which the average price level of goods and services rises over time, eroding purchasing power. Our calculator uses historical inflation data to show how previous dates compares to its value now.
Why Understanding Inflation is Important
Inflation affects every aspect of the economy, from individual savings to the overall economic health. By understanding inflation, you can make better decisions about saving, investing, and spending.
Who decides the inflation?
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, commonly referred to as Consumer Price Index (CPI).
How Inflation Impacts Your Finances
Savings and Investments
Inflation erodes the value of money overtime. For example, if the inflation rate is 3% per year, $1,000 today will only be worth $970 next year in terms of purchasing power. To combat this, many people invest in assets that outpace or protect you against inflation, such as stocks, real estate or Bitcoin.
Cost of Living
Inflation affects the cost of living by increasing prices for essentials like food, housing, and healthcare etc. Understanding these changes helps you make more informed decisions with your money.
Your go-to tool for understanding the real impact of inflation on your money. Our calculator helps you see how inflation changes the value of money over time, enabling you to make smarter financial decisions.
