Impact of Inflation

Over Time, What Is the Long-Term Impact of Inflation?

According to the Bureau of Labor Statistics, inflation has averaged about 2.5 % over the past 10 years.

Over time, the effects of inflation can erode the value of your savings. At the end of an inflationary year, a dollar buys a little bit less than the year before. This calculator is designed to estimate the future cost of an item based on today’s prices and the rate of inflation you expect.