Inflation rate Calculator
Welcome to our Inflation rate Calculator!
Only the most insouciant among us (or the inhumanly indifferent) would not remember with nostalgia when a favorite sweet cost so cheap that a rupee was enough to have enough for us as well as for our entire circle of friends. Today that same sweet (if we are lucky enough to find a sweet shop that stocks it still) cost upwards of a rupee per piece!
Basically, inflation eats into our expenses and drives cost of living upward as if there is no limit. But what is its effect in real terms?
That is where this Effect on Inflation on Cost calculator will come handy.
Let�s check out how this works. Enter the present cost of an item, say a favorite brand of chocolate in the Present Value field. Now, enter the number of years after which you would want to check its cost again. Enter the average rate of inflation at which you think prices are going up over the years.
Your answer will be displayed in the bottom left corner. While it might give you a nasty shock as to what the future is going to look like expense-wise, we think you will be better prepared to face the future. And rest assured, in the bar chart that is displayed, the future cost will always be higher than the present cost!