Inflation Calculator
See how inflation erodes purchasing power over time. Calculate how much more you will need in the future to match today's value, or check whether your salary is keeping up with rising prices.
£
%
Results
Future purchasing power of £1,000£744
Amount needed to match £1,000 today£1,344
Total inflation over 10 years34.4%
Purchasing power lost£256
Real value in 10 years£744
At an inflation rate of 3.0%, £1,000 today will only be worth £744 in 10 years in terms of today's purchasing power. To buy the same goods that £1,000 buys today, you would need £1,344 in 10 years. That represents a total inflation of 34.4% over the period, with £256 of purchasing power lost.
Purchasing power breakdown
Retained purchasing power£744
Lost purchasing power£256
Purchasing power over time
RetainedLost
Year-by-year breakdown
| Year | Value in today's money | Equivalent needed | Cumulative inflation |
|---|---|---|---|
| 1 | £970.87 | £1,030.00 | 3.0% |
| 2 | £942.60 | £1,060.90 | 6.1% |
| 3 | £915.14 | £1,092.73 | 9.3% |
| 4 | £888.49 | £1,125.51 | 12.6% |
| 5 | £862.61 | £1,159.27 | 15.9% |
| 6 | £837.48 | £1,194.05 | 19.4% |
| 7 | £813.09 | £1,229.87 | 23.0% |
| 8 | £789.41 | £1,266.77 | 26.7% |
| 9 | £766.42 | £1,304.77 | 30.5% |
| 10 | £744.09 | £1,343.92 | 34.4% |