![]() ![]() You can also learn about inflation for the UK, Canada, Australia, and Europe.Ĭompared to last year's annual rate, the inflation rate in 2023 is now 3.24% 1. This calculator allows you to "correct for inflation". Use the inflation calculator form as a starting point for answering questions that you have about the historical inflation rate in the U.S. Every month, the prices of these goods are measured and compared to previous prices. Department of Labor) selects a "basket of goods," which is a collection of many goods and services that are commonly used by consumers. Bureau of Labor Statistics (a part of the U.S. What is inflation? Inflation is a measure of how prices change over time. Use the form on this page to look up inflation for any year (this year's inflation is estimated based on latest monthly CPI data). Inflation has averaged 0.94% per year since 1635, causing an overall price difference of 3,606.88%. This inflation calculator uses official records published by the U.S. Use our Inflation Calculator Updated: November 14, 2023 ![]()
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