# 2019 Inflation Calculator

Amount in 2019:

RESULT: \$1 in 2019 is worth \$1.16 today.

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

# \$1 in 2019 is worth \$1.16 today.

## The value of \$1 from 2019 to 2022

\$1 in 2019 has the purchasing power of about \$1.16 today, a \$0.16 increase in 3 years. Between 2019 and today, the dollar experienced an average annual inflation rate of 5.04%, resulting in a cumulative price increase of 15.89%.

According to the Bureau of Labor Statistics consumer price index, today's prices are several times higher than the average price since 2019.

In 2019, the inflation rate was 1.81%. 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 2019 to 2022

Summary Value
Cumulative price change (from 2019 to today) 15.89%
Average inflation rate (from 2019 to today) 5.04%
Converted amount \$1.16
Price Difference \$0.16
CPI in 2019 255.658
CPI in 2022 296.276
Inflation in 2019 1.81%
Inflation in 2022 8.52%
\$1 in 2019 \$1.16 in 2022

## Buying power of \$1 in 2019

If you had \$1 in your hand in 2019, its adjusted value for inflation today would be \$1.16. Put another way, you would need \$1.16 to beat the rising inflation. When \$1 becomes equivalent to \$1.16 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 2019 dollars, it's evident how \$1 loses its worth over 3 years.

## Dollar inflation for \$1 from 2019 to 2022

The below tabular column shows the effect of inflation on \$1 in the year 2019 to the year 2019.

Year Dollar Value Inflation Rate
2019 1 1.81%
2020 1.01 1.23%
2021 1.06 4.70%
2022 1.16 8.52%

## Conversion of 2019 dollars to today's price

Based on the 15.89% change in prices, the following 2019 amounts are shown in today's dollars:

Initial value Today value
\$1 dollar in 2019 \$1.16 dollars today
\$5 dollars in 2019 \$5.79 dollars today
\$10 dollars in 2019 \$11.59 dollars today
\$50 dollars in 2019 \$57.94 dollars today
\$100 dollars in 2019 \$115.89 dollars today
\$500 dollars in 2019 \$579.44 dollars today
\$1,000 dollars in 2019 \$1158.88 dollars today
\$5,000 dollars in 2019 \$5794.38 dollars today
\$10,000 dollars in 2019 \$11588.76 dollars today
\$50,000 dollars in 2019 \$57943.82 dollars today
\$100,000 dollars in 2019 \$115887.63 dollars today
\$500,000 dollars in 2019 \$579438.16 dollars today
\$1,000,000 dollars in 2019 \$1158876.31 dollars today

## How to calculate the inflated value of \$1 in 2019

To calculate the change in value between 2019 and today, we use the following inflation rate formula:

CPI Today / CPI in 2019 x USD Value in 2019 = Current USD Value

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

296.276/ 255.658 x \$1 = \$1.16

To buy the same product that you could buy for \$1 in 2019, you would need \$1.16 in 2022.

### To calculate the cumulative or total inflation rate in the past 3 years between 2019 and 2022, we use the following formula:

CPI in 2022 - CPI in 2019 / CPI in 2019 x 100 = Cumulative Inflation Rate

By inserting the values to this equation, we get:

( 296.276 - 255.658 / 255.658) x 100 = 15.89%

### 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 3 years between 2022 and 2019. The average inflation rate was 5.0378189186039%.

Plugging in the values into the formula, we get:

1 (1+ % 5.04/ 100 ) ^ 3 = \$1.16