At global-rates.com, you can find current and historical inflation figures for a large number of countries. With the inflation calculator on this page, you can calculate the inflation for a specific period and compare the inflation figures of two countries. This allows you to easily calculate the actual inflation and display the trend of historical inflation in a graph. A detailed explanation can be found below the inflation calculator and the graph.
Do you want to calculate or compare the inflation of one country or several countries over a certain period? Then fill in the calculator below.
With this inflation calculator, you can calculate and compare the inflation for more than 40 countries worldwide. We use the official inflation figures from national statistical offices and the OECD (Organisation for Economic Co-operation and Development).
This free tool works with actual inflation figures. At global-rates.com, you will find inflation figures based on the Consumer Price Index (CPI) from a large number of countries. The Consumer Price Index is an index figure that reflects the price development of a package of goods and services as typically purchased by all households in a particular country or area.
For countries in the European Union (EU), there is another inflation figure: the European harmonized inflation – Harmonized Index of Consumer Prices (HICP). This index is calculated to compare the development of inflation in different EU countries with each other and with the average inflation in Europe.
Using these CPI and HICP price index figures, we carry out the inflation calculations on this page.
Inflation is the percentage change in this consumer price index. Suppose the consumer price index in a specific month is 105.50 and exactly 10 years later it is 139.11. Then this is the formula to calculate the total inflation over these 10 years:
((Consumer Price Index last month - Consumer Price Index first month) / Consumer Price Index first month) * 100
((139.11 - 105.50) / 105.50) * 100 = 31.8578%
The amount at inflation adjustment indicates the amount you would need at the end of the specified period to buy the same as with the original amount in the start month. Due to inflation, you will need more money.
Using the same example, we calculate the inflation-adjusted amount of 1,000 at the end of the 10-year period as follows:
Inflation Adjustment = amount * (1 + inflation)
1,000 * (1 + 0.318578) = 1,318.58
This calculation shows how the purchasing power of an amount changes due to inflation. Again, with the same example data: a starting amount of 1,000, what is its purchasing power on the end date, taking into account the inflation? We calculate it like this:
(Consumer Price Index first month / Consumer Price Index last month) * amount
(105.50 / 139.11) X 1,000 = 758.39
Inflation is an important figure that indicates how much more expensive life has become for an average household. Inflation figures are often used in:
With the inflation graph, you get a clear picture of how the inflation figures have developed over a certain period. You may use this graph if you want to show others (students, readers) the development of inflation over a certain period, as long as you include a clear source citation.
This inflation rates calculator can be very useful for calculating the inflation of a specific country over a certain period. For example, as a UK inflation calculator or US inflation calculator. Additionally, when analyzing historical inflation figures, it can be very handy to compare the inflation of different countries side by side. Think, for example, of comparing British inflation with American inflation, or comparing European inflation figures with inflation in America.
This inflation calculator is a very handy tool for this. Select the countries or areas you want to compare and choose the desired period. In the table, the total inflation per country/area is then displayed. In addition, you will see a clear graph with the monthly inflation figures (annual inflation) of both countries over the period you have chosen.
The use of this calculator, like all other content on this website, is at your own risk. We accept no responsibility for the accuracy of the data and calculations.