Inflation Calculator
If in 1976(enter year) I purchased an item for $6,600.00
then in 2021(enter year)that same item would cost:$31,818.03
Cumulative rate of inflation:
382.1%
“Cumulative rate of inflation: 382.1%”
Going from 6600 to 31818.03 from 1976 to 2021 is an annual percent increase of about 3.5%.
in excel that’s
=6600*1.035^45 which gives 31035.57.