Nominal Amount =

Nominal Year = 2021

Real Amount =

Real Year = 2021

cpi = [9.9; 10; 10.1; 10.9; 12.8; 15.1; 17.3; 20; 17.9; 16.8; 17.1; 17.1; 17.5; 17.7; 17.4; 17.1; 17.1; 16.7; 15.2; 13.7; 13; 13.4; 13.7; 13.9; 14.4; 14.1; 13.9; 14; 14.7; 16.3; 17.3; 17.6; 18; 19.5; 22.3; 24.1; 23.8; 24.1; 26; 26.5; 26.7; 26.9; 26.8; 27.2; 28.1; 28.9; 29.1; 29.6; 29.9; 30.2; 30.6; 31; 31.5; 32.4; 33.4; 34.8; 36.7; 38.8; 40.5; 41.8; 44.4; 49.3; 53.8; 56.9; 60.6; 65.2; 72.6; 82.4; 90.9; 96.5; 99.6; 103.9; 107.6; 109.6; 113.6; 118.3; 124; 130.7; 136.2; 140.3; 144.5; 148.2; 152.4; 156.9; 160.5; 163; 166.6; 172.2; 177.1; 179.9; 184; 188.9; 195.3; 201.6; 207.342; 215.303; 214.537; 218.056; 224.939; 229.594; 232.957; 236.736; 237.017; 240.007; 245.12; 251.107; 255.657; 258.811; 270.970]

Calculates the value of a good or service in current (real) or nominal rates based on the annual [https://www.bls.gov/cpi/tables/supplemental-files/historical-cpi-u-202211.pdf | consumer price index (CPI)] in the United States.

Similar to the inflation template except uses actual US CPI rates instead. This computation covers years 1913 to 2021.

A pack of chewing gum was $0.05 in 1960. How much would that be equivalent to in 2009?

- Nominal Amount: 0.05

- Nominal Year: 1960

- Real Year: 2009

If the pack of gum increased in price the same as the CPI then it would cost $0.36 in 2009.

Nominal Amount

Nominal Year

Real Amount

Real Year

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CPI