Inflation Rate Calculator
After reading how inflation is calculated try our FREE inflation rate calculator to see how you money is doing in the bank.
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What’s inflation and how does it affect your purchasing power?
Inflation decreases the value of the pound — meaning you can buy less with that pound over time.
Inflation isn’t a particularly complicated concept. All the stuff you spend money on — be it milk, rent, hairspray or movie tickets — can be bundled up together to come up with what’s called “cost of living.” As the cost of living rises — a number reflected in what’s called the consumer price index, or CPI — that pound that use to buy two candy bars now barely buys one. That’s inflation.