# 2014 Inflation Calculator

Amount in 2014:

RESULT: \$1 in 2014 is worth \$1.25 today.

You might be interested in calculating the value of \$1 for the year 2019.

# \$1 in 2014 is worth \$1.25 today.

## The value of \$1 from 2014 to 2022

\$1 in 2014 has the purchasing power of about \$1.25 today, a \$0.25 increase in 8 years. Between 2014 and today, the dollar experienced an average annual inflation rate of 2.85%, resulting in a cumulative price increase of 25.17%.

According to the Bureau of Labor Statistics consumer price index, today's prices are several times higher than the average price since 2014.

In 2014, the inflation rate was 1.62%. 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 2014 to 2022

Summary Value
Cumulative price change (from 2014 to today) 25.17%
Average inflation rate (from 2014 to today) 2.85%
Converted amount \$1.25
Price Difference \$0.25
CPI in 2014 236.7
CPI in 2022 296.276
Inflation in 2014 1.62%
Inflation in 2022 8.52%
\$1 in 2014 \$1.25 in 2022

## Buying power of \$1 in 2014

If you had \$1 in your hand in 2014, its adjusted value for inflation today would be \$1.25. Put another way, you would need \$1.25 to beat the rising inflation. When \$1 becomes equivalent to \$1.25 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 2014 dollars, it's evident how \$1 loses its worth over 8 years.

## Dollar inflation for \$1 from 2014 to 2022

The below tabular column shows the effect of inflation on \$1 in the year 2014 to the year 2014.

Year Dollar Value Inflation Rate
2014 1 1.62%
2015 1 0.12%
2016 1.01 1.26%
2017 1.04 2.13%
2018 1.06 2.49%
2019 1.08 1.76%
2020 1.09 1.23%
2021 1.14 4.70%
2022 1.25 8.52%

## Conversion of 2014 dollars to today's price

Based on the 25.17% change in prices, the following 2014 amounts are shown in today's dollars:

Initial value Today value
\$1 dollar in 2014 \$1.25 dollars today
\$5 dollars in 2014 \$6.26 dollars today
\$10 dollars in 2014 \$12.52 dollars today
\$50 dollars in 2014 \$62.58 dollars today
\$100 dollars in 2014 \$125.17 dollars today
\$500 dollars in 2014 \$625.85 dollars today
\$1,000 dollars in 2014 \$1251.69 dollars today
\$5,000 dollars in 2014 \$6258.47 dollars today
\$10,000 dollars in 2014 \$12516.94 dollars today
\$50,000 dollars in 2014 \$62584.71 dollars today
\$100,000 dollars in 2014 \$125169.41 dollars today
\$500,000 dollars in 2014 \$625847.06 dollars today
\$1,000,000 dollars in 2014 \$1251694.13 dollars today

## How to calculate the inflated value of \$1 in 2014

To calculate the change in value between 2014 and today, we use the following inflation rate formula:

CPI Today / CPI in 2014 x USD Value in 2014 = Current USD Value

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

296.276/ 236.7 x \$1 = \$1.25

To buy the same product that you could buy for \$1 in 2014, you would need \$1.25 in 2022.

### To calculate the cumulative or total inflation rate in the past 8 years between 2014 and 2022, we use the following formula:

CPI in 2022 - CPI in 2014 / CPI in 2014 x 100 = Cumulative Inflation Rate

By inserting the values to this equation, we get:

( 296.276 - 236.7 / 236.7) x 100 = 25.17%

### 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 8 years between 2022 and 2014. The average inflation rate was 2.8459695790885%.

Plugging in the values into the formula, we get:

1 (1+ % 2.85/ 100 ) ^ 8 = \$1.25