Convert Dollars From One Year to Equivalent Dollars in Another Year
Calculate Inflation Rates Between Two Years
The brown/tan cells are input fields. For example, enter the start and end years and immediately see the inflation rate between the two years. Enter a price and convert between the start year price and end year price (e.g., from 1900 to 2019 dollars -- or vice versa).
Notes: On some phones you may need to double click to enter data. On some computers, you may have to enter some fields more than once for it to "take." Please leave a comment if you are having problems.
In the example above, we see that as of January 1900 the CPI was 7.9, and inflation for the year was -2.4% (deflation), whereas in 2019 the CPI had risen to 251.7 and yearly inflation was 2.5%. The inflation rate between the two dates is shown as averaging 3.0%.
Using the projected price feature, we see that we would expect that something that cost $0.05 in 1900 would cost $1.59 in 2019. Or, if we had entered $1.59 in the 2019 column we would have found that something that cost $1.59 in 2019 would have cost approximately $0.05 in 1900. Note these are just theoretical, average numbers and do not apply to any specific goods or services.
Finally, the purchasing power feature shows that $100 in purchasing power in 1900 gets reduced to $3.14 by 2019, a 96.9% decrease in purchasing power.
Please leave your comments in the comment section at the bottom of the post if you have problems. Include hardware, operating system and browser if possible.
Related Posts
The Observations Inflation Calculator/Spreadsheet The original post -- includes descriptions of all of the fields, plus some additional capabilities beyond those in the calculator.
The Decrease in Purchasing Power of the U.S. Dollar Since 1900 graph comparing 1900 dollars to now. Again, handy for seeing the big picture, and a discussion.
What Will $10,000 be Worth in 10-20 Years? The flipside. The impact of inflation going forward.
How Much Will Your Bond/CD be Worth in N Years? (calculator) Similar to this calculator.
Data Sources
Pre-1913: Robert Shiller "Irrational Exuberance" data
1913 forward: Consumer Price Index for All Urban Consumers: All Items (CPI-U) from the U.S. Department of Labor: Bureau of Labor Statistics.
Copyright © 2013 Last modified: 8/28/2020
Appendix: (below is just an image, not a calculator)
It worked on my HP laptop with Windows 7 and Internet explorer 9.
ReplyDeleteIt did not work on my Dell desktop with Vista and Chrome. No image at all.
ReplyDeleteOn my Droid Razr I could see the image, but could not enter data until I switched from the mobile version to the web version of the site.
ReplyDeleteNow it seems to work in mobile mode as well as web mode.
DeleteWorks fine on my Dell laptop running with Windows 7
ReplyDeleteThanks. I'm told it also works on Mac/Safari. My biggest concern now is those who use Chrome as their browser (about 25% or my traffic).
DeleteThis works perfectly on my Mac running Firefox.
ReplyDeleteGreat. Thanks!
DeleteYes it worked for me - thank you - using IE9 Windows 7 on a desk top PC
ReplyDeleteGood to hear!
DeleteWorks.
ReplyDeleteWindows 10, Enterprise.
Opera.