Inflation Calculator

Calculate future cost of goods accounting for inflation rate

Calculate how much a current amount will cost in the future at a fixed inflation rate.

Uses India's actual historical CPI inflation rates year-by-year. Find out how much ₹X in a past year is worth today.

Enter details and click Calculate

Future Cost

Original Amount

Inflation Impact

Avg Rate / Years

Composition

Year-wise Value Growth

Historical Inflation Rate — Selected Period

Year-wise Breakdown
Year Rate Opening Value Inflation Added Closing Value
India Inflation Rate History

Annual average CPI inflation (1960–2025). Pre-2012: CPI-IW / WPI proxy. Post-2012: CPI Combined.

How to Use

  1. Enter the Current Cost of the item or expense you want to project.
  2. Enter the Annual Inflation Rate (India's average CPI inflation: 5–6%).
  3. Enter the Number of Years into the future.
  4. Click Calculate — the future cost of the same item is shown.

Why Inflation Matters for Your Money

Inflation is the rate at which prices rise over time. If inflation is 6% and your savings account yields 4%, you are effectively losing 2% purchasing power per year. A ₹1 lakh kept in a jar today will only buy what ₹74,000 buys today — in just 5 years at 6% inflation.

India's Inflation History

PeriodAvg CPI Inflation
2015–20194.5% p.a.
2020–20226.2% p.a.
2023–20255.0% p.a.

Planning for Real Goals

  • Child's education: A course costing ₹10 lakh today will cost ~₹18 lakh in 10 years at 6% inflation.
  • Retirement: ₹50,000/month expenses today = ~₹1.3 lakh/month in 20 years at 5% inflation.
  • Medical expenses: Healthcare inflation in India runs at 8–10% — plan conservatively.

How to Beat Inflation

Your investments must earn above inflation (real return). FDs yield ~7% (barely ahead of 6% inflation). Equity mutual funds have historically returned 12–15% p.a. — a real return of 6–9%. Long-term financial goals need equity exposure.

Frequently Asked Questions

India's average CPI (Consumer Price Index) inflation has been 5–6% over the last decade. For conservative planning use 6%. For healthcare expenses, use 8–10% as medical inflation consistently runs higher. For education, 8% is a reasonable estimate.

CPI (Consumer Price Index) measures price changes from a consumer's perspective — this is the number most relevant for personal financial planning. WPI (Wholesale Price Index) measures prices at the wholesale level — more relevant for businesses and policymakers.

The RBI (Reserve Bank of India) uses the repo rate as its primary tool — raising rates makes borrowing expensive, reducing money supply and cooling inflation. The RBI targets CPI inflation of 4% (±2%). When inflation exceeds 6%, the RBI typically raises rates.