The formula, made clear.
Future cost = current amount × (1 + annual inflation rate) raised to the number of years.
Inflation varies by year, country and product category. This is a planning scenario, not an economic forecast.
MONEY PLANNING TOOL
Inflation Calculator
Estimate what a current price may become in future and how inflation can reduce purchasing power.
Estimated future cost1,343.92Increase 343.92 · today’s 1,000 may have 744.09 purchasing power
When to use this calculator
Compare long-term saving goals or future household costs by applying one steady annual inflation assumption.
See the calculation in context
At 3% annual inflation, an item costing 1,000 today may cost about 1,343.92 after 10 years.
Frequently asked questions
Is the inflation rate guaranteed?
No. Inflation changes over time and differs across countries and types of goods.
What does purchasing power mean?
It describes how much the same amount of money may be able to buy after prices change.