FT FinToolSuite

Personal Inflation Basket Calculator

Build your own spending basket and estimate your personal inflation rate

Track how each category in your life is inflating, weigh them by your actual spend, and see how much your lifestyle could cost in the future. This tool does not fetch official CPI; all inflation rates are user-entered.

Choose how many years you want to model (1–30).

Your spending basket

Add the categories you regularly spend on, how much you spend, and how fast you expect prices to rise.

Personal Inflation Snapshot

Awaiting input
Your personal inflation rate

Total monthly spend in basket

This is a weighted average of your spending categories compared to their expected inflation.

Category breakdown

How each category drives your personal inflation.

CategoryMonthly spendInflationWeightContribution
Add categories and calculate to see the breakdown.

Projection table

Enter your basket to model the cost of maintaining it over time.

YearAnnual costMonthly equivalent
No projections yet.

Projected lifestyle cost

Visualize what each year could cost compared to a 0% inflation baseline.

Personal Inflation Insights

Math only summary of your basket and category weights. No recommendations just the numbers you entered and their totals.

Your personal inflation rate is 4.41% per year, based on the weights in your basket. The largest drivers are Rent (weight 66.30%, contribution 2.65 points) and Food (weight 24.86%, contribution 1.49 points). With these assumptions held constant, your basket rises from £1,810/month today to about £2,786/month in Year 10 (≈ £33,437/year). Categories with the biggest impact are those with higher spend weights and higher assumed inflation rates.

Scenario comparison

Save different baskets (e.g., “Rent raise”, “Move to suburbs”) and see how their inflation and future costs stack up.

Save at least one scenario after running a calculation to see it here.
Save two scenarios to generate a comparison summary.

Results explainer

The snapshot tells a simple story: how fast your own prices are rising, what you spend today, and how that bill could climb year by year. The table and chart turn those numbers into yearly and monthly costs, while the category breakdown shows which parts of your life are heating up the most.

Disclaimer

Estimates are illustrative and for educational purposes only. This Personal Inflation Basket Calculator does not provide financial, investment, tax, or legal advice. Results depend on the categories, amounts, and inflation assumptions you enter and may not reflect actual price changes or your real-world spending.

How it works

Each category gets a share based on how much you spend on it. We pair that share with the inflation percent you expect, add them all up, and that becomes your personal inflation rate. Then we roll that rate forward over the years you pick to show how your lifestyle budget could shift.

Inputs used

  • Currency selection
  • Projection years (1–30)
  • Category names, monthly spend, and annual inflation estimates
  • Saved scenarios you choose to compare

Core formulas

  • Category weight = category spend ÷ total basket spend
  • Personal inflation = Σ(weight × category inflation)
  • Projected annual cost: Year 0 (today) = base spend; Year n = base spend × (1 + personal inflation)^n
  • Monthly projection = projected annual cost ÷ 12

Calculation steps

  1. Sum your basket to find total monthly spend.
  2. Turn each category’s share into a simple weight.
  3. Multiply each weight by its inflation percent and add the pieces together.
  4. Use that personal rate to project yearly costs across your timeline.
  5. Convert the yearly totals into monthly numbers you can plan around.
  6. Save scenarios to see how swaps or cuts change the long-run picture.

Example scenario

Say your basket is £1,800 a month: £1,100 on housing at 4% inflation, £350 on food at 6%, £150 on transport at 3%, £120 on utilities at 5%, and £80 on subscriptions at 7%. That mix works out to roughly 4.8% personal inflation. Over 8 years the annual cost could grow from about £21,600 today to around £31,000. If you model a scenario with lower housing or subscription spend, the personal rate will drop in the projection.

Interpretation notes

  • Big buckets like housing and food steer most of your personal inflation.
  • Even one swap—like a new lease or cheaper plan—can soften the overall rate in the projection.
  • The longer you project, the more small percentage gaps show up as real money.
  • Side-by-side scenarios make it clear which tweaks matter most.
  • Changing currency only updates the display label; it does not convert amounts.

Limitations & assumptions

The projection uses steady annual inflation percentages for each category and assumes spending patterns stay similar over the chosen period. Taxes, fees, discounts, sudden lifestyle shifts, and timing quirks like mid-year moves are not modeled. The personal rate is a weighted average, not a market forecast. Use the figures to sense direction and pressure, then validate against your own bills and plans before making decisions.

FAQs

Quick answers

What does this tool estimate?

It estimates a weighted personal inflation rate from your own spending mix and projects how your lifestyle cost could change over time.

What is included or excluded?

Included: your category amounts, each category’s annual inflation assumption, and an optional national CPI comparison. Excluded: taxes, fees, and one-off purchases.

What assumptions are used?

Each category is weighted by its share of your spend, then multiplied by its inflation rate to get a weighted personal rate. The projection compounds that rate over your chosen years.

Can I save or export scenarios?

Yes. You can save multiple baskets, compare them, and export CSV or PDF summaries for your records.

Is my data private?

Calculations run in your browser. Inputs are not sent to a server unless you export files locally.

Is this financial advice?

No. It is an educational model. Confirm prices with your providers and seek professional advice for money decisions.