Uses CPI-U database from Bureau of Labor Statistics since 1913. Calculates price changes using CPI-U index changes. Example shows $100 increase from 2015 to 2016 at $101.062. Annual inflation rate calculated by dividing change by 2015 CPI
Ottoman lira introduced in 1844, replacing kuruş as 1/100 subdivision. First Turkish lira (1923-2005) featured Atatürk portraits on banknotes. Second Turkish lira (2005-present) introduced with ₺50 and ₺100 denominations. Lira became world's least valuable currency multiple times between 1995-2004
Calculator converts U.S. dollar value from 1913 to 2024 using CPI data. Offers forward and backward flat rate inflation calculators. Historical inflation rates typically hover around 3% in developed countries
Vice-President de Guindos confirms inflation stabilising across Europe. ECB balances inflation control with economic resilience. Global events and monetary policy shifts discussed in podcast
IMF publishes WEO twice yearly with updates between. Surveys global economy prospects and policies in near and medium term. Considers issues affecting advanced, emerging and developing economies
Inflation measures general price increases in a country. Small inflation signals economic growth and adequate income. Excessive inflation reduces currency value and purchasing power