8 Best Free Online Inflation Calculator Websites

Here is a list of the best free online inflation calculator websites. Inflation is a broad measure. Basically, inflation means an increase in price or value like food, goods, cost of living, etc. An inflation calculator determines the inflation from the worth of a good, service, or currency at two different times. This change in worth or price is inflation.

This post covers the inflation calculators that calculate the inflation of the currency. Most of these calculators use the US Dollar. But there are calculators for Candian Dollar, Pound, and Indian Rupee as well. Some of these calculators use the Consumer Price Index (CPI) to fetch the value of the supported currency and calculate the inflation based on that. Rest determine the increase in value of the currency for a given inflation rate. You can go through the post and check these calculators in detail.

My Favorite Online Inflation Calculator

OmniCalculator is my favorite inflation calculator on this list. This calculator can help you calculate the historic inflation of five popular currencies including the US, UK, Canada, Australia, and India. And, you can also switch it into the regular mode to calculate the worth of an amount for a given inflation rate and vice versa.

You can check out our other lists of the best free Money Management Websites, EPF Retirement Calculator Websites, and Online Real GDP Calculator Websites.

OmniCalculator.com

OmniCalculator offers a free online inflation calculator. This calculator has two simple modes for inflation calculation; Historic and Regular. The History mode shows you the value of a selected currency over time with the help of a graph. You can pick Australia, India, US, UK, or Canada and then get their currency value quarterly or annually from 1957 to 2021. Whereas the regular mode is where you can find the inflation rate from the initial and final value of a currency. You can also do the opposite and find the current or old value of a currency from the inflation rate.

How to calculate the inflation rate on OmniCalculator?

• Follow the link given below to open this inflation calculator on OmniCalculator.
• Pick Regular Type calculation from the top.
• Then add the initial and final currency values and pick the time gap,
• Doing this gives you the inflation rate along with Total inflation.

Highlights:

• This calculator has two types of inflation calculation; Regular and Historic.
• It calculates the value of money over time for a given inflation rate.
• Quarterly/yearly track of inflation from 1957 to 2021 for 5 countries.
• It also generates a Value of money over time graph of the selected currency.

Calculator.net

Calculator.net has a big collection of online calculators for various needs. Under its Finance calculators, there is a free online inflation calculator. This calculator has three types. The first type is to calculate the equivalent value of the U.S. dollar in any year from 1914 to 2022. The second type of calculator calculates inflation based on a certain average inflation rate after some years. And the third type of calculator calculates the equivalent purchasing power of an amount some years ago based on a certain average inflation rate.

How to calculate the inflation rate on Calculator.net?

• Use the link given below to open this inflation calculator.
• Pick the calculator of your choice.
• Then insert the amount and inflation rate.
• After that, click the Calculate button to get the inflation amount.

Highlights:

• Inflation Calculator with U.S. CPI Data.
• Forward Flat Rate Inflation Calculator.
• Backward Flat Rate Inflation Calculator.
• Offers a Historical Inflation Rate for the U.S.

CalculatorSoup.com

CalculatorSoup is another free website with an online inflation calculator. This is a simple calculator that works for US Dollars only. To find the inflation, you can insert the amount and pick the initial and final year for the calculation. The calculator fetches the US Dollar prices and then gives you the inflation rate and also the current value of that amount.

How to calculate the inflation rate on CalculatorSoup?

• Go to this inflation calculator using the link given below.
• Enter the amount of money (US Dollar) and pick the initial and final year.
• Then click the Calculate button to get the inflation amount and rate.

Highlights:

• This calculator calculates inflation of the US Dollar only.
• It finds the total inflation rate along with average inflation per year.

USInflationCalculator.com

USInflationCalculator offers a free inflation calculator for US Dollar. This calculator measures the buying power of the dollar over time. You can just enter any two dates from 1913 to 2022 and an amount. Then it tells you how much the same item would cost now. Along with that, it also cumulative ratio of inflation.

How to calculate the inflation rate on USInflationCalculator?

• Head over to this inflation calculator using the link given below.
• Pick the initial and final year and enter an amount into the calculator.
• Then click the Calculate button to get the inflation amount and rate.

Highlights:

• This calculator calculates inflation of the US Dollar only.
• It also calculates the cumulative ratio of inflation.

BLS.gov

BLS.gov is a US Bureau of Labor Statistics website. This website has an online inflation calculator for the US dollar. This calculator uses the Consumer Price Index for All Urban Consumers (CPI-U). You can insert an amount into the calculator and then select the time period between 1913 to 2022. When you do that, this calculator gives you the amount after inflation.

How to calculate the inflation rate on BLS.gov?

• Go to this calculator on the BLS.gov website using the link provided below.
• Enter the amount and pick an initial and final month and year for inflation calculation.
• Then click the Calculate button to get the inflation amount and rate.

Highlights:

• This calculator calculates the inflation of the US Dollar.
• It can calculate the inflation from 1913 to 2022.

BankofEngland.co.uk

BankofEngland has a free online inflation calculator for pound. This also calculator uses Consumer Price Index (CPI) inflation data from the Office for National Statistics. It allows you to find the average inflation rate from 1949 to 2021. You can simply pick a range by selecting the initial and final year and add an amount. In return, it shows how much that amount is worth in the final year.

How to calculate the inflation rate on BankofEngland?

• Go to this calculator using the link provided below.
• Enter the amount and pick an initial and final year for inflation calculation.
• Then click the Show Amount button to get the inflation amount.

Highlights:

• This calculator calculates the inflation of Pound.
• It can calculate the inflation from 1949 to 2021.

BankofCanada.ca

BankofCanada.ca also offers a free online inflation calculator for the Canadian dollar. This calculator can calculate the rate of inflation from 1914 to 2022. It uses the monthly consumer price index (CPI) for the calculation. All you have to do is put an amount and pick the year range. When you do that, it shows the worth of that amount in the final year. Along with that, it also shows the inflation period, average annual inflation rate, CPI, and percentage change.

How to calculate the inflation rate on BankofCanada.ca?

• Follow the link given below to open this calculator in your browser.
• Enter the amount and click the Calculate button to get the results.

Highlights:

• This calculator calculates the inflation of the Canadian Dollar.
• It can calculate the inflation from 1914 to 2022.
• It gives the CPI for the initial and final years along with the average annual rate of inflation.

AdvisorKhoj.com

AdvisorKhoj offers a free online inflation calculator. This simple calculator uses the Indian currency. Basically, it takes an amount, inflation rate, and inflation period as input. When you provide that data, it tells you the worth of that amount in the given time period. It also represents the same thing with the help of a pie chart.

How to calculate the inflation rate on AdvisorKhoj?

• Use the link provided below to open this calculator directly in your browser.
• Add the current cost, inflation rate, and time period.
• This gets you the future cost of the current amount based on inflation and time period.

Highlights:

• This calculator calculates the inflation of the Indian Rupee.
• It calculates the final worth of an amount from the inflation rate and time period.