This means that you can calculate the annual inflation rate from as far back as 1913 through January 21, 2013. The previous table reflected CPI data through December 31, 2012.
To access the Inflation Rate calculator and make a calculation simply do the following:
- Login. Open the ProAPOD website and click Login
- Select category. From the calculator’s top menu of categories click Time Value
- Select calculator. In the left menu click the Inflation Rate calculator
- Complete form. In the appropriate form that appears enter a Start year, Dollar amount spent, and Ending year
- Click Calculate
Are you aware that the $2,500 you spent for a family vacation in 1988 will now cost you (in January 2013) the sum of $4866.44? That is a rise in the annual inflation rate since 1988 of 94.7%. Or, that a new car you purchased in 1995 for $20,000 will now cost you over $30,000 because the inflation rate has increased over 51% since then. Yes, sad but true, but that’s according to the latest US government CPI data.
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