In 1970, you could buy a candy bar for a nickel, but today they go for sixty or seventy-five cents. 2000 to buy the same amount of goods or services. The ratio of the value of a basket of goods in the current year to the value of that same basket of goods in an earlier year. It measures the average level of prices of the goods and services typically consumed by an urban American family. The process of continuously rising prices, and a continuously falling value of money.
Inflation is a normal part of the economic cycle.
This calculator uses Consumer Price Index data, as tracked by the U.S. Bureau of Labor Statistics. By using this site, you agree to our Terms of Service . Your privacy is important to us. For information, please read our Privacy Policy . All rights reserved.