Inflation Calculator | Moneybox

Inflation Time Machine

Find out how your individual monthly finances could be affected by inflation in the future.

First, let's look at your essential costs each month to find out how much disposable income you currently have to spend on non-essentials.

1. Monthly income after tax and paying down any debts

2. Essential monthly living costs

Rent / Mortgage

Bills

Food

Transport

3. Amount saved and invested each month

Your monthly disposable income

You are left with

disposable income each month

Next, let's look at how much your monthly costs could be affected based on projected inflation rates^* over 1/2/3/4/5 years' time.

^*Data from the Office for Budget Responsibility

Projected impact of inflation

2022
Inflation
forecast:
5%
2023
Inflation
forecast:
3.4%
2024
Inflation
forecast:
2.8%
2025
Inflation
forecast:
2.8%
2026
Inflation
forecast:
2.9%

Your essential monthly living costs^* may increase by

+£

+4.0%

^*Inflation forecast data from the Office for Budget Responsibility

Your monthly disposable income^* may decrease by

-£

-0%^**

^*Assumption made that amount saved/invested each month remains the same

^**If inflation is rising year-on-year, the purchasing power of your money will decrease over time.

In order to maintain your current standard of living, your annual income will need to increase by £0.00

Inflation impacts everything, from increasing the price you pay for essentials to devaluing your hard-earned cash savings.

To make your cash savings grow over time, the return you’re getting from interest needs to be higher than the rate of inflation. If it’s not, you’re losing money in real terms.

If you already have a rainy day fund set aside, and you're looking to the long term, investing is one of the best ways to grow your money over time and offset the impact of inflation^*

We hope this tool gives you a better understanding of how inflation might affect your personal finances in the future so you feel prepared to face the coming months and years with greater confidence.

^*As with all investing, capital is at risk

If you want to become a confident investor, whatever your starting point, check out the Moneybox Investing Academy or download the Moneybox App.

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Inflation Time Machine

Projected impact of inflation

It's important you know

<img src="/wp-content/plugins/inflation-time-machine/img/moneybox-logo-white.png" width="150px" />

Inflation Time Machine

<img src="/wp-content/plugins/inflation-time-machine/img/moneybox-logo-white.png" width="150px" />

Projected impact of inflation

It's important you know

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