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How does current inflation compare with the past? As prices rise, currency loses value, and it doesn't have as much purchasing power as it once did. In other words, whatever a dollar can buy is reduced over time. Use our inflation calculator to convert historical prices into current dollars, making the prices of goods and services comparable across the years: https://usafacts.org/articles/what-is-driving-the-rise-in-inflation/ | USAFacts
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