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Jul 26, 2023 · Money Saver: Check out the Clearance on Top of Clearance Sale going on right now at TJ Maxx both in stores and online by: Margie Ellisor Posted: Jul 26, 2023 / 07:45 AM CDT

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A dollar today only buys 9.747% of what it could buy back then. The inflation rate in 1961 was 1.01%. The current inflation rate compared to last year is now 3.35%. If this number holds, $100 today will be equivalent in buying power to $103.35 next year. The current inflation rate page gives more detail on the latest inflation rates.

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