# 2011 Inflation Calculator

Amount in 2011:

RESULT: \$1 in 2011 is worth \$1.32 today.

You might be interested in calculating the value of \$1 for the year 2016. Or calculate the value of \$1 for the year 2021

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# \$1 in 2011 is worth \$1.32 today.

## The value of \$1 from 2011 to 2022

\$1 in 2011 has the purchasing power of about \$1.32 today, a \$0.32 increase in 11 years. Between 2011 and today, the dollar experienced an average annual inflation rate of 2.54%, resulting in a cumulative price increase of 31.74%.

According to the Bureau of Labor Statistics consumer price index, today's prices are several times higher than the average price since 2011.

In 2011, the inflation rate was 3.16%. 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 2011 to 2022

Summary Value
Cumulative price change (from 2011 to today) 31.74%
Average inflation rate (from 2011 to today) 2.54%
Converted amount \$1.32
Price Difference \$0.32
CPI in 2011 224.9
CPI in 2022 296.276
Inflation in 2011 3.16%
Inflation in 2022 8.52%
\$1 in 2011 \$1.32 in 2022

## Buying power of \$1 in 2011

If you had \$1 in your hand in 2011, its adjusted value for inflation today would be \$1.32. Put another way, you would need \$1.32 to beat the rising inflation. When \$1 becomes equivalent to \$1.32 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 2011 dollars, it's evident how \$1 loses its worth over 11 years.

## Dollar inflation for \$1 from 2011 to 2022

The below tabular column shows the effect of inflation on \$1 in the year 2011 to the year 2011.

Year Dollar Value Inflation Rate
2011 1 3.16%
2012 1.02 2.07%
2013 1.04 1.46%
2014 1.05 1.62%
2015 1.05 0.12%
2016 1.07 1.26%
2017 1.09 2.13%
2018 1.12 2.49%
2019 1.14 1.76%
2020 1.15 1.23%
2021 1.2 4.70%
2022 1.32 8.52%

## Conversion of 2011 dollars to today's price

Based on the 31.74% change in prices, the following 2011 amounts are shown in today's dollars:

Initial value Today value
\$1 dollar in 2011 \$1.32 dollars today
\$5 dollars in 2011 \$6.59 dollars today
\$10 dollars in 2011 \$13.17 dollars today
\$50 dollars in 2011 \$65.87 dollars today
\$100 dollars in 2011 \$131.74 dollars today
\$500 dollars in 2011 \$658.68 dollars today
\$1,000 dollars in 2011 \$1317.37 dollars today
\$5,000 dollars in 2011 \$6586.84 dollars today
\$10,000 dollars in 2011 \$13173.68 dollars today
\$50,000 dollars in 2011 \$65868.39 dollars today
\$100,000 dollars in 2011 \$131736.77 dollars today
\$500,000 dollars in 2011 \$658683.86 dollars today
\$1,000,000 dollars in 2011 \$1317367.72 dollars today

## How to calculate the inflated value of \$1 in 2011

To calculate the change in value between 2011 and today, we use the following inflation rate formula:

CPI Today / CPI in 2011 x USD Value in 2011 = Current USD Value

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

296.276/ 224.9 x \$1 = \$1.32

To buy the same product that you could buy for \$1 in 2011, you would need \$1.32 in 2022.

### To calculate the cumulative or total inflation rate in the past 11 years between 2011 and 2022, we use the following formula:

CPI in 2022 - CPI in 2011 / CPI in 2011 x 100 = Cumulative Inflation Rate

By inserting the values to this equation, we get:

( 296.276 - 224.9 / 224.9) x 100 = 31.74%

### 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 11 years between 2022 and 2011. The average inflation rate was 2.5374366187719%.

Plugging in the values into the formula, we get:

1 (1+ % 2.54/ 100 ) ^ 11 = \$1.32