Inflation quietly raises the cost of everything you buy. This inflation calculator shows what something that costs a set amount today could cost in the future, and how much buying power your cash loses if it doesn’t grow. Choose an average inflation rate and a time frame in years or months.
Inflation Calculator
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Why inflation matters for your money
At 3% inflation, prices roughly double in about 24 years. Cash in a checking account earning almost nothing loses value every year. That’s why it helps to keep savings in a high-yield savings account and invest long-term money where it has a chance to outpace inflation.
Ways to protect against inflation
- Earn a savings rate above inflation when you can.
- Invest for long-term goals in diversified funds.
- Consider inflation-linked bonds such as TIPS or I bonds.
- Lock in fixed rates on debt when rates are favorable.
Related: Compound Interest Calculator, What the Fed’s Latest Decision Means, All Financial Calculators.