See how inflation erodes money's buying power over time in Michigan.
Shows both sides of inflation in Michigan: what the same goods will cost in the future, and what today's money will be worth then. Higher inflation and longer horizons compound the erosion.
Future value
FV = amount × (1 + rate)^years
Estimate — inflation is not constant.
Central banks target ~2%; recent CPI has run higher. Use a rate that matches your personal spending basket.
Rates are approximate reference values. Local rates, exemptions and rules can differ, so treat the output as a planning figure only.