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How to Calculate Your Personal Inflation Rate (and Why You Should) Inflation hits everyone differently; figure out how it’s affecting your bottom line.
Price rises have been a real cause for economic concern in recent years. We take a look at how to calculate the rate of inflation.
Categories such as gasoline, food and housing are the biggest contributors to the increase. To analyze inflation’s threat to your farm and family, calculate your personal inflation rate.
When calculating the annual inflation rate over multiple years, you must account for the effects of compounding interest, so you may not simply divide the total inflation rate by the number of years.
Inflation is an increase in prices of goods in an economy over a period of time. Learn more about inflation and how it's calculated.
Personal inflation rate = cost of all personal expenses in most recent year/cost of all personal expenses in year prior Here’s an example in action: Your 2015 expenses totaled $51,000 ...
Calculating a personalized inflation rate is a start.Calculating Your Own Given those variations, it can be helpful to use the CPI's weightings as a starting point for understanding inflation's ...
UK inflation crept up in July hitting 3.8%, partly driven by soaring airfares. Did your personal inflation rate rise by more or less than the national average?
Want to calculate inflation? Looking for tips on investments or how rates might impact markets? Get those answers and more in our guide to inflation.
What is your personal inflation rate, and what does it mean for you? Calculating your personal inflation rate can help you navigate rising prices and manage your money.