The rule of 70
Divide 70 by the inflation rate to estimate how many years it takes prices to double: at 3% a year, about 23 years; at 5%, about 14.
See what prices will cost in future — and what your money will really be worth.
What costs $100.00 today will cost
$134.39
in 10 years at 3.0% a year
Cost over time
Uses the average rate you enter. Official historical inflation for each country comes from its statistics office (for example the BLS in the US or the ONS in the UK).
Last reviewed by the OnlineToolPro team
Shows how inflation changes the value of money over time: what today's prices will cost in future, and what a future amount is worth in today's money, at an average yearly rate you choose.
How it works
3 simple steps. No experience needed.
Good to know
Divide 70 by the inflation rate to estimate how many years it takes prices to double: at 3% a year, about 23 years; at 5%, about 14.
FAQ
Central banks in the US, UK, Canada and Australia target about 2–3% a year, and long-run averages are often around 3%.
It uses an average rate you choose. For official historical figures, use your country's statistics office, such as the BLS in the US or the ONS in the UK.
Step-by-step help for getting more out of the inflation calculator.
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