This calculator gives a simple estimate only. Actual inflation can change year by year.
How to use the Inflation Calculator
Enter a starting amount, an estimated annual inflation rate and the number of years. The calculator estimates how much the same goods or services may cost in the future if prices rise by that rate each year.
What this calculator is for
This inflation calculator helps show how rising prices can reduce the buying power of money over time. It may be useful for budgeting, savings planning, retirement planning, long-term costs or understanding the impact of inflation on everyday spending.
Example: £1,000 with 3% inflation for 10 years
If something costs £1,000 today and prices rise by 3% per year for 10 years, the estimated future cost would be around £1,344.
Inflation and purchasing power
Inflation means prices increase over time. If your money does not grow at the same pace, it may buy less in the future. This is why inflation can affect savings, household budgets and long-term financial planning.
Important note
This calculator is for general informational purposes only. It does not predict future inflation and should not be treated as financial advice. Actual prices, wages, savings returns and inflation rates can vary.
Inflation Calculator FAQs
What does this inflation calculator show?
It estimates how much a starting amount may need to become in the future if prices rise by a fixed annual inflation rate.
Does inflation stay the same every year?
No. Inflation changes over time depending on economic conditions, energy costs, supply chains, interest rates and other factors.
Can inflation reduce the value of savings?
Yes. If prices rise faster than your savings grow, your money may have less buying power in the future.
Is this calculator financial advice?
No. This calculator gives a simple estimate only and should be used for general awareness.