Price Inflation
| Category | Price | Seller | Device |
|---|---|---|---|
| Finance | Free | Charles Terrell | iPhone, iPad, iPod |
Suggested uses: Learn about the effects of inflation over time. Estimate how much you'll pay for living expenses during retirement. Figure how much to save for your child's room & board in college. Amaze folks who say "when I was your age, that only cost a dime..."
It uses consumer price index data from the Bureau of Labor Statistics of the US Dept of Labor. The user can choose to use the average CPI for a 3-month period or for the whole year. CPI is available from 1913 through the present, and future values are estimated based on historical trends.
The flip-side info screen includes a detailed discussion of how the math works and any assumptions that were made.
Reviews
Simple but effective
ovals49
No crystal ball here, just today's price in yesterday's dollars (or yesterday's price in today's dollars). Just what I was looking for.
Complicated math, simple app
Blackfire007
It does exactly as stated with no frills. If you're curious about comparing prices of things over time, this is the tool. And it's free!
Quick and dirty
Ezerojas
Does a quick comparison across dates, including past dates and future. Great for helping clients understand how to plan their investments for inflation.
Great App
Augustaace
Does what it says and the price is right. I deducted a star because it's not easy to delete an entry and you can't enter a decimal.
Only goes back to 1913
PhelineCat
Some calculators aren't current enough-they may stop at 2011, for example but this one doesn't go far enough back in time. The data exists but maybe not in the particular database used. There are plenty of inflation calculator apps as well as online available with a longer period of time, going back to the early 1800s. This has averages so what it does have may be more useful than some others if you're looking for quarterly averages.
I loved this app, when it was current
Fubuki Arashi
I loved this app but it hasn't been updated in ages! It was and still is the only inflation calculator with quarterly values but it simply only guesses the value of money past 2011. It was also great for being able to type in the year instead of scrolling through the years like all the apps do now. I miss this app so much!
