Inflation Falls, Inflation Calculator Shows Change

U.S. inflation in March dropped to an annual rate of -0.4 percent, marking the first year-over-year decline since August 1995, the Labor Department reported Wednesday. The change is a stark contrast to the month prior, when inflation increased by the fastest one-month pace since July 2008, rising to 0.2 percent.

Then, energy costs with a surge in gasoline prices at the pump accounted for two-thirds of the pickup. March was a different story as energy prices dragged consumer costs down 0.1 percent.

Falling inflation is generally bad news for traditional safe haven investments like gold. The yellow metal initially ticked lower after the news. However, precious metal prices are holding steady at last check and showing modest gains.

Using the government’s latest Consumer Price Index (CPI) data, the CoinNews Inflation Calculator reflects inflation’s most recent change. By entering any two dates from 1913-2008 and then a dollar amount, the calculator measures the change in the buying power of the dollar over time.

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