# 2010 Inflation Calculator

Amount in 2010:

RESULT: \$1 in 2010 is worth \$1.36 today.

You might be interested in calculating the value of \$1 for the year 2015. Or calculate the value of \$1 for the year 2020

.

# \$1 in 2010 is worth \$1.36 today.

## The value of \$1 from 2010 to 2022

\$1 in 2010 has the purchasing power of about \$1.36 today, a \$0.36 increase in 12 years. Between 2010 and today, the dollar experienced an average annual inflation rate of 2.59%, resulting in a cumulative price increase of 35.84%.

According to the Bureau of Labor Statistics consumer price index, today's prices are several times higher than the average price since 2010.

In 2010, the inflation rate was 1.64%. Inflation is now 8.52% higher than it was last year. If this figure holds true, \$1 today will be worth \$9.52 next year in purchasing power.

## Inflation from 2010 to 2022

Summary Value
Cumulative price change (from 2010 to today) 35.84%
Average inflation rate (from 2010 to today) 2.59%
Converted amount \$1.36
Price Difference \$0.36
CPI in 2010 218.1
CPI in 2022 296.276
Inflation in 2010 1.64%
Inflation in 2022 8.52%
\$1 in 2010 \$1.36 in 2022

## Buying power of \$1 in 2010

If you had \$1 in your hand in 2010, its adjusted value for inflation today would be \$1.36. Put another way, you would need \$1.36 to beat the rising inflation. When \$1 becomes equivalent to \$1.36 over time, the "real value" of a single US dollar decreases. In other words, a dollar will pay for fewer items at the store.

This effect explains how inflation gradually erodes the value of a dollar. By calculating the value in 2010 dollars, it's evident how \$1 loses its worth over 12 years.

## Dollar inflation for \$1 from 2010 to 2022

The below tabular column shows the effect of inflation on \$1 in the year 2010 to the year 2010.

Year Dollar Value Inflation Rate
2010 1 1.64%
2011 1.03 3.16%
2012 1.05 2.07%
2013 1.07 1.46%
2014 1.09 1.62%
2015 1.09 0.12%
2016 1.1 1.26%
2017 1.12 2.13%
2018 1.15 2.49%
2019 1.17 1.76%
2020 1.19 1.23%
2021 1.24 4.70%
2022 1.36 8.52%

## Conversion of 2010 dollars to today's price

Based on the 35.84% change in prices, the following 2010 amounts are shown in today's dollars:

Initial value Today value
\$1 dollar in 2010 \$1.36 dollars today
\$5 dollars in 2010 \$6.79 dollars today
\$10 dollars in 2010 \$13.58 dollars today
\$50 dollars in 2010 \$67.92 dollars today
\$100 dollars in 2010 \$135.84 dollars today
\$500 dollars in 2010 \$679.22 dollars today
\$1,000 dollars in 2010 \$1358.44 dollars today
\$5,000 dollars in 2010 \$6792.21 dollars today
\$10,000 dollars in 2010 \$13584.41 dollars today
\$50,000 dollars in 2010 \$67922.05 dollars today
\$100,000 dollars in 2010 \$135844.11 dollars today
\$500,000 dollars in 2010 \$679220.54 dollars today
\$1,000,000 dollars in 2010 \$1358441.08 dollars today

## How to calculate the inflated value of \$1 in 2010

To calculate the change in value between 2010 and today, we use the following inflation rate formula:

CPI Today / CPI in 2010 x USD Value in 2010 = Current USD Value

By plugging the values into the formula above, we get:

296.276/ 218.1 x \$1 = \$1.36

To buy the same product that you could buy for \$1 in 2010, you would need \$1.36 in 2022.

### To calculate the cumulative or total inflation rate in the past 12 years between 2010 and 2022, we use the following formula:

CPI in 2022 - CPI in 2010 / CPI in 2010 x 100 = Cumulative Inflation Rate

By inserting the values to this equation, we get:

( 296.276 - 218.1 / 218.1) x 100 = 35.84%

### Alternate method to calculate today's value of money after inflation - Using compound interest formula

Given that money changes over time due to inflation, which acts as compound interest, we can use the following formula:

FV = PV (1+i/100)^n

where,

• FV = Future value
• PV = Present value
• i: Average interest rate (inflation)
• n: Number of times the interest is compounded (i.e. # of years)

The future value in this case represents the amount obtained after applying the inflation rate to our initial value. In other words, it indicates how much \$1 is worth today. We have 12 years between 2022 and 2010. The average inflation rate was 2.5856781946081%.

Plugging in the values into the formula, we get:

1 (1+ % 2.59/ 100 ) ^ 12 = \$1.36