Inflation Calculators
Description:
Two websites that provide inflation calculators are:
- Bureau of Labor Statistics This calculator provides inflation calculation for the years 1913–2006.
- Westegg provides an inflation calculator for the years 1800–2005.
An example of a question that can be answered with these calculators:
Q: Taking into account inflation, what would a salary of $25,000 in 1983 be equivalent to in 1998?
A: Utilizing the Westegg website, what cost $25000 in 1983 would cost $41211.83 in 1998. Also, if you were to buy exactly the same products in 1998 and 1983, they would cost you $25000 and $15165.55 respectively. Therefore, A $25,000 salary in 1983 would have been the equivalent of $41,211.83 earned in 1998.
Source:
Westegg
Bureau of Labor Statistics
Date Last Revisited: 2/14/07
