Inflation Rate Calculator Updated for Oct 2017

The Inflation Rate Calculator included in the Pro RE Calculator suite of online real estate calculators has been updated in accordance with the latest US government CPI data released on Wednesday, November 15. This update means Pro RE Calculator users can now compute US inflation rates from 1913 through October 2017.

Example

You spent $3,300 for a used car back in 1988 and want to know how much money you would have to spend in October 2017 to purchase a similar car. Here are the steps:
  • Login to Pro RE Calculator
  • Select the category Time Value
  • Open the Inflation Rate calculator
  • Select 1988 as the starting year
  • Enter $3300.00 as the dollar amount spent
  • Select 2017 as the ending year
  • Click Calculate
Result: $6,880.71 and 108.5%. Explanation: Due to a 108.5% increase in the U.S. inflation rate since 1988, you will currently have to spend $6,880.71 for essentially the same car you paid $3,300 for back in 1988.

So You Know

1. The Inflation Rate calculator in Pro RE Calculator does not limit you to either the years or the amount you want to compute. You can select any starting year from 1913 through to the present, and enter any dollar amount you wish. 2. If you are a current user of Pro RE Calculator, the Inflation Rate calculator will automatically reflect this latest update the next time you calculate.

3. Learn more: Pro RE Calculator…

James Kobzeff

James Kobzeff has over thirty years experience as a realtor and investment real estate specialist. He is the developer of ProAPOD real estate investment software and freely shares his real estate investing articles.