Given these volatile economic times, have you wondered lately what the annual rate of inflation has been over the years? Okay, pretty disgusting.
Nonetheless, inflation doesn’t always have to be a downer. There are times when it’s just fun to calculate the annual rate of inflation. Say, for instance, you are just curious to know how much you would have to spend today for the same goods and services you spent in some prior year due to national annual inflation rate increases. Maybe a vacation in 1984, an engagement ring in 1967, or a birthday present in 1939?
In this article I want to show how to make the annual rate of inflation calculation very easily without putting in the time and effort generally required by hand-held calculators. This is the benefit of using iCalculator.
iCalculator is a 100% web-based real estate calculator I developed that functions as a real estate calculator and teaches you the definitions and formulas to dozens of real estate investing measures and returns at the same time. It requires no download and can be accessed from a PC, MAC, iPAD and other similar devices with an internet connection. You simply login and start learning as you calculate.
Since our topic is annual rate of inflation, let’s use that.
Say you spent $40 to purchase some goods or service in 1990 and would like to know how much those goods and services would cost you in 2012.
- Login to the calculator
- Click Time Value in the toolbar menu
- Click Inflation Rate in the sidebar menu
- Enter a start year, dollar amount spent, and ending year
- Click Calculate
The annual rate of inflation has climbed 76.3% since you spent that money in 1990 and now would have to spend $70.51 in 2012 to purchase the same amount of goods and services.
Of course, inflation rate is only one of dozens of calculations you can instantly make with this unique online real estate calculator. But inflation seemed like an appropriate place to let you know about it.
So You Know
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