How it's calculated
Prices are assumed to rise by the same percentage every year:
Future cost = today's amount × (1 + inflation)^years
Purchasing power = today's amount ÷ (1 + inflation)^years
Which rates to use
The defaults are the central banks' targets: the European Central Bank aims for 2% inflation in the euro area over the medium term, and the Reserve Bank of India's target is 4% consumer-price inflation, within a band of 2–6%. Actual inflation is often away from target, so try a few rates, for example 6% for India.
Example: money sent home
If you send ₹20,000 a month to your parents today, keeping the same support in 10 years at 4% inflation takes about ₹29,605 a month. At 6% it's about ₹35,817.
Estimates for planning, not financial advice. Last reviewed 4 October 2026.
Track euros and rupees in one place. fineasy24 keeps money sent home apart from your own spending, so you see both clearly.
Start free with Google