The CoinNews U.S. Inflation Calculator has been updated to include percent changes for Rate of Inflation between years.
The Inflation Calculator measures the change in buying power over an entered period of time (1913-2008). By entering any dollar amount and two different years, its easy to compare what something purchased years ago would be priced at today based on inflation. Or, vise versa.
The calculator uses the latest monthly Consumer Price Index (CPI) figures, as provided by the U.S. Department of Labor Bureau of Labor Statistics.
With the new update today, the calculator will display Rate of Inflation changes. As two examples show:
An item purchased for $20 in 1990 would now cost $32.87. The percent change for Rate of Inflation between 1985 and 2008 is 64.4%.
- An item purchased for $100 in 2007 would now cost $103.61. The percent change for Rate of Inflation between 2007 and 2008 is 3.6%.
The CoinNews Inflation Calculator will be updated again this month when new CPI data is released by the Bureau of Labor Statistics on June 13, 2008.
While the Inflation Calculator is more of a general financial interest tool, specific numismatic calculators and tools may be found via the CoinNews menu: “COIN PRICING & COLLECTOR TOOLS“.