# 2013 Inflation Calculator

Amount in 2013:

RESULT: \$1 in 2013 is worth \$1.27 today.

You might be interested in calculating the value of \$1 for the year 2018.

# \$1 in 2013 is worth \$1.27 today.

## The value of \$1 from 2013 to 2022

\$1 in 2013 has the purchasing power of about \$1.27 today, a \$0.27 increase in 9 years. Between 2013 and today, the dollar experienced an average annual inflation rate of 2.71%, resulting in a cumulative price increase of 27.16%.

According to the Bureau of Labor Statistics consumer price index, today's prices are several times higher than the average price since 2013.

In 2013, the inflation rate was 1.46%. 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 2013 to 2022

Summary Value
Cumulative price change (from 2013 to today) 27.16%
Average inflation rate (from 2013 to today) 2.71%
Converted amount \$1.27
Price Difference \$0.27
CPI in 2013 233
CPI in 2022 296.276
Inflation in 2013 1.46%
Inflation in 2022 8.52%
\$1 in 2013 \$1.27 in 2022

## Buying power of \$1 in 2013

If you had \$1 in your hand in 2013, its adjusted value for inflation today would be \$1.27. Put another way, you would need \$1.27 to beat the rising inflation. When \$1 becomes equivalent to \$1.27 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 2013 dollars, it's evident how \$1 loses its worth over 9 years.

## Dollar inflation for \$1 from 2013 to 2022

The below tabular column shows the effect of inflation on \$1 in the year 2013 to the year 2013.

Year Dollar Value Inflation Rate
2013 1 1.46%
2014 1.02 1.62%
2015 1.02 0.12%
2016 1.03 1.26%
2017 1.05 2.13%
2018 1.08 2.49%
2019 1.1 1.76%
2020 1.11 1.23%
2021 1.16 4.70%
2022 1.27 8.52%

## Conversion of 2013 dollars to today's price

Based on the 27.16% change in prices, the following 2013 amounts are shown in today's dollars:

Initial value Today value
\$1 dollar in 2013 \$1.27 dollars today
\$5 dollars in 2013 \$6.36 dollars today
\$10 dollars in 2013 \$12.72 dollars today
\$50 dollars in 2013 \$63.58 dollars today
\$100 dollars in 2013 \$127.16 dollars today
\$500 dollars in 2013 \$635.79 dollars today
\$1,000 dollars in 2013 \$1271.57 dollars today
\$5,000 dollars in 2013 \$6357.85 dollars today
\$10,000 dollars in 2013 \$12715.71 dollars today
\$50,000 dollars in 2013 \$63578.54 dollars today
\$100,000 dollars in 2013 \$127157.08 dollars today
\$500,000 dollars in 2013 \$635785.41 dollars today
\$1,000,000 dollars in 2013 \$1271570.82 dollars today

## How to calculate the inflated value of \$1 in 2013

To calculate the change in value between 2013 and today, we use the following inflation rate formula:

CPI Today / CPI in 2013 x USD Value in 2013 = Current USD Value

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

296.276/ 233 x \$1 = \$1.27

To buy the same product that you could buy for \$1 in 2013, you would need \$1.27 in 2022.

### To calculate the cumulative or total inflation rate in the past 9 years between 2013 and 2022, we use the following formula:

CPI in 2022 - CPI in 2013 / CPI in 2013 x 100 = Cumulative Inflation Rate

By inserting the values to this equation, we get:

( 296.276 - 233 / 233) x 100 = 27.16%

### 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 9 years between 2022 and 2013. The average inflation rate was 2.7054274986789%.

Plugging in the values into the formula, we get:

1 (1+ % 2.71/ 100 ) ^ 9 = \$1.27