The calculator instantly pulls data from the Bureau of Labor Statistics website using special scripts in the back-end.
New York, NY (PRWEB) November 15, 2014
CPIInflationCalculator.com, a website devoted to helping clients calculate inflation rates in an accurate and easy manner, recently announced the launch of its new CPI Inflation Calculator. The calculator, which uses data sourced from the Bureau of Labor Statistics, is updated every month with the new Consumer Price Index rates, ensuring that clients receive the most accurate inflation rates possible.
The website’s new CPI Inflation Calculator is special because it is the only existing inflation calculator that can be embedded on a website as a widget. The widget is available free of charge and can be customized to suit any website’s look. Users can build a unique widget design on CPIInflationCalculator.com and then copy the code to embed it on their sites.
According to an article available on the CPI Inflation Calculator’s website, the tool is very simple to operate. Users only need to enter a dollar amount into the “costing” field and then select the years that they wish to compare. The tool can calculate inflation rates between 1913 to 2014 using dollar amounts between 1 and 10,000,000. After entering the data, users only need to push “calculate,” which will display the result and generate a new chart.
The calculator instantly pulls data from the Bureau of Labor Statistics website using special scripts in the back-end. These scripts are designed to extract the rates for the designated dates, instantly calculating the result. The Bureau of Labor Statistics releases new rates every month for precise calculations.
“CPI has a large effect on inflation calculations, making this tool useful for anyone to use,” stated a representative of the website. “CPI is great overall catchall of consumer purchasing power over time, though it has some weaknesses. Also, it is important to note that CPI ignores some facets of consumer purchases, such as investment vehicles, that have a substantial effect on future purchasing power and quality of life.”
Individuals interested in learning more about the CPI Inflation Calculator can visit the tool’s main website for additional information. Readers can also subscribe to CPI Inflation Calculator’s Facebook, Twitter, Google+, and RSS Feeds for frequent updates from the website.
About CPI Inflation Calculator:
CPI Inflation Calculator is a free tool to help measure the effects of inflation on the value of the dollar over time. It is adjusted monthly to reflect the latest inflation rates. CPI Inflation Calculator is the only one of its kind available as a widget. For more information, please visit http://cpiinflationcalculator.com