When people talk about the effects of their money getting smaller over time, they are talking about the effects of inflation. The question is of course, why our money gets smaller. Economists offer several schools of thoughts. For example, if a country prints more money to solve problems in a time of crisis, the supply of money will go up. This in turn will lead to the money becoming smaller. Another reason could be the production costs of goods and services have gone up, this will also lead to our money being smaller. We know that inflation causes our money to become smaller over time, which is one of the reasons that people put money in the bank to earn interests to counter the effects of inflation.
This Inflation Calculator and Spreadsheet can be used to calculate the rate of inflation quickly and easily. By default the Inflation&CPI-Monthly worksheet already contains the monthly consumer price index from January 1913 to July 2009. The latest consumer price index can be keyed into the spreadsheet labelled "Consumer Price Index" to calculate the latest inflation.
Other benefits
Unlocked
Allows removal of copyright message in the template
Allows commercial use within the company
Supports yearly inflation calculation
Performs nominal and real returns calculation based on the Fisher Effect
Full source code
