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Paul Scott, President, ChFC®, LUTCF

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2115 Lafayette Blvd
Fredericksburg, VA 22401
  • Phone:
    (540) 891-9331
  • Fax:
    (540) 898-2915
  • E-mail address: paul.scott@voyafa.com
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Paul Scott, President, ChFC®, LUTCF

Printed from: www.paulscottinsurance.com
  • Scott Insurance & Financial Services Inc
  • 2115 Lafayette Blvd, Fredericksburg, VA 22401
  • (540) 891-9331 | paul.scott@voyafa.com

Personal Inflation Rate

Is Your Personal Rate Higher or Lower Than the CPI?

The CPI is a national average of prices and may not report the same inflation that you or your family experience.

The Consumer Price Index (CPI) is a measure of the average change in prices paid by consumers for a fixed market basket of goods and services.

The CPI divides consumer expenditures into seven major groups of goods and services. You can estimate your personal inflation rate using the table below.

How much do you spend on the following items each month?

The national inflation rate, as measured by the CPI, was 2.1% at the end of 2017 and averaged about 1.6% over the last 10 years.

 

Your Results

Based on the dollar amounts you entered, the percentage of your total expenditures in each category is shown below. Those percentages, as compared to the CPI average percentages, determine your personal inflation rate.

Monthly total expenses: $0.00
Percentage to food (CPI average: 15.239%): 0.00%
Percentage to housing (CPI average: 40.561%): 0.00%
Percentage to clothing/apparel (CPI average 3.037%): 0.00%
Percentage to transportation (CPI average 15.586%): 0.00%
Percentage to medical care (CPI average 8.496%): 0.00%
Percentage to recreation (CPI average 5.631%): 0.00%
Percentage to education & communication (CPI average 6.720%): 0.00%
Percentage to other (CPI average 4.730%): 0.00%
Your personal inflation rate based on your consumption habits: 0.00%
This compares to the national inflation rate: 0.00%

Your experience is determined by how you actually spend your money. In the CPI, each good or service is "weighted" relative to others in the market basket. If you do not drive an automobile, your transportation costs may be significantly different than someone who does. If your medical expenses are above the expenditure weight used in the relevant CPI, you may be forced to spend less on other goods and services.

How Your Personal Inflation Rate Compares to the National Average

 

This is a hypothetical illustration intended for educational purposes only. Personal inflation rates are based on national CPI averages (for the period 12/2016 to 12/2017) and do not account for regional differences in prices. Your actual results may vary based on region.

This hypothetical example is used for illustrative purposes only. Actual results will vary.

The information in this calculator is not intended as tax or legal advice, and it may not be relied on for the purpose of avoiding any federal tax penalties. You are encouraged to seek tax or legal advice from an independent professional advisor. The content is derived from sources believed to be accurate. Neither the information presented nor any opinion expressed constitutes a solicitation for the purchase or sale of any security.

This material was written and prepared by Emerald Connect, LLC.
© 2019 Emerald Connect, LLC. All Rights Reserved.

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Contact Us

2115 Lafayette Blvd
Fredericksburg, VA 22401
  • Phone:
    (540) 891-9331
  • Fax:
    (540) 898-2915
  • E-mail address: paul.scott@voyafa.com

Investment adviser representative and registered representative of, and securities and investment advisory services offered through Voya Financial Advisors, Inc. (member SIPC)

Federal and state insurance and securities rules and regulations prohibit registered representative(s) and/or investment adviser representative(s) from soliciting, offering and selling any insurance or securities products or providing investment advice until they are properly registered and licensed in each state jurisdiction.

Scott Insurance & Financial Services, LLC. is not a subsidiary of nor controlled by Voya Financial Advisors, Inc.

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