Site of the Week: CPI Inflation Calculator

CPI Inflation Calculator

As your Christmas list gets longer, you may have found your budget isn’t going as far as you need it to. If your curious as to how much a budget of $500 (or pick your number) in today’s dollars compared to five years ago, this budget calculator will do the work for you. The CPI inflation calculator uses the average Consumer Price Index for a given calendar year and the data represents changes in prices of all goods and services purchased for consumption by urban households. This index value has been calculated every year since 1913. For the current year, the latest monthly index value is used. Go ahead, see how far your Christmas budget would have taken you back in 1913!