Impact of Inflation  
Over time, the effects of inflation can erode the value of your savings. At the end of an inflationary year, a dollar buys a little bit less than the year before. This calculator is designed to estimate the future cost of an item based on today’s prices and the rate of inflation you expect.
     

1. Enter the current cost of what you want to buy.

$

2. How many years before you will buy this item?

3. Enter the annual inflation rate that you want to assume. (Inflation has averaged 3 percent over the past 10 years.)

%
 
   
   
Minneapolis Financial Consultants, LLC
Jack Benke, CEA • Serving: MN, WI, FL ,
Phone: 651-405-9105
Cell Phone: 651-398-3183
Toll Free: 866-639-0212
 • Fax: 651-452-4307
• jtbenke@pro-ns.net

The information provided is not written or intended as specific tax or legal advice.  Individuals are encouraged to seek advice from their own tax and legal counsel. 


 



 

Privacy Policy