![]() ![]() It doesn’t account for other factors, like whether you live in a more expensive part of the country or are more likely to shop around for bargains. The calculator above adjusts your rate of inflation based on how much more or less you spend on different products than the average American. People who spend a lot on those categories are experiencing much faster inflation as a result. ![]() Prices are rising pretty much across the board now, but the increases are particularly rapid in some categories, like meat, cars and travel. But those are averages - if you spend more than 2.5 percent of your budget on clothes, your personal rate of inflation will look different. ![]() is based on a “basket of goods”: The prices of hundreds of commonly purchased goods and services, from cookies to cars to college tuition, are blended together, with each product counted in proportion to its share of overall spending.Ĭlothing, for example, accounts for about 2.5 percent of the average American’s monthly spending, so clothes prices make up that share of the index. The numbers above are derived from the Consumer Price Index, the best-known measure of inflation. ![]()
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