My new economic toy that you don’t have to be a geek to appreciate:
Bottom Line: We are all familiar with the concept of inflation. These days we’re reminded every time we go to the grocery store or gas station. But how do you easily know what the total impact of inflation is to you year to year or decade to decade for planning purposes. Here is a free inflation calculator from AIER (American Institute for Economic Research). It has accounted for inflation for every year since 1913.