Inflation Calculator (USA Only)
Originally published: 16/02/2025 10:40
Publication number: ELQ-43007-1
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Inflation Calculator (USA Only)

Convert USD amounts to equivalent amount based on time.

Description
This is a robust, aesthetically-pleasing inflation calculator that allows for conversion/comparison of a USD ($) amount at a chosen point in time to another chosen point in time (month/year), thereby showing the impact of inflation. This tool applies exclusively to the United States. The tool incorporates a calming, professional aesthetic utilizing cool blues soft hues.
A graph is provided to track the average inflation across the years chosen for anlalysis. Only yellow cells should be altered by the user. Data concerning inflation rates and CPI are sourced from Bureau of Labor Statistics (BLS).
To use, simply choose a span of time (month/year) in the "To" and "From" sections on the INPUT tab. From there, enter an amount that you would like converted. The CPI of each chosen period will auto-populate. The converted (new) amount will auto-calculate, along with the rate of inflation of the chosen time period.
Altering other tabs will likely result in fatal errors.
This model and others can be enhanced upon request (more countries, etc). Moreover, models like this are available as a web-based tool that can be easily-viewed on any web browser and shared with others.

This Best Practice includes
1 Excel File

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Further information

Create a robust, aesthetically-pleasing experience for users who wish to assess the impacts of inflation over time based on a dollar amount.

This tool is best-suited for professionals who wish to assess inflation impacts in the United States in a format that is presentable and user-friendly.

This model is not appropriate for users who wish to assess inflation impacts of currencies outside of the United States.


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