Following President Trump’s announcement of the “Liberation Day” tariff policy, imposing a 10% tax on imports, there was a mad dash to inflation calculators online, trying to determine the increased costs for everyday items. To add salt to the wound, on that exact day, Nintendo unveiled the cost of Switch 2, and let me tell you, it’s significantly higher than most fans had anticipated.
This is definitely going to shake up our budgets
The initial release date for the Nintendo Switch in the U.S. was March 3, 2017, and its standard model cost $299.99 at that time. However, the upcoming basic version of the Switch 2 will retail for $449.99, which is approximately 1.5 times higher than the original price, a considerable increase. Nevertheless, this wasn’t the most surprising aspect of the day.
On April 2nd, 2025, President Donald Trump unveiled the “Freedom Tariff” plan, proposing a dual tariff structure:
- A 10% tariff on all imports from most countries (except Canada and Mexico), effective April 5, 2025.
- Extra tariffs on about 60 countries – China, for example, gets hit with a 34% tariff on top of what’s already in place.
Tariffs essentially act as taxes on products brought into a country, often causing increased prices for consumers. Economists forecast that these newly imposed tariffs could boost US inflation by 1.4% to 2.2%. As reported by the New York Post, the average American household might incur an additional $3,800 in expenses this year due to these tariffs.
Of course, folks are concerned about the increasing costs and how it may squeeze their budgets. There’s been a surge in people looking for inflation calculators online, as they strive to understand how these new taxes could affect their individual financial situations and total living expenses.
Here are some of the most commonly used inflation calculators:
- CPI Inflation Calculator provided by the U.S. Bureau of Labor Statistics.
- USInflationCalculator.
- Calculator.net.
When it comes to choosing a calculator for calculating inflation, the BLS’s CPI Inflation Calculator is an official option, but ultimately, the choice of calculator depends on your individual preferences and the particular features that you find most beneficial.
How does inflation calculator work
A inflation calculator allows you to observe the evolution of money’s worth through the years as a result of inflation. This is done by examining the buying power of a specific sum of money from one year to the next.
As a fan, I find it fascinating to use an inflation calculator like the one on Calculator.net. By inputting a specific dollar amount, selecting a starting and target year, this tool leverages historical inflation data (often derived from the Consumer Price Index, CPI) to readjust the value. It then provides you with insights into how much that money would be worth in the future or how much you’d need now to preserve its initial purchasing power. Additionally, it offers a forward flat rate feature to help estimate the future value of your money.
Read More
- Lucky Offense Tier List & Reroll Guide
- Indonesian Horror Smash ‘Pabrik Gula’ Haunts Local Box Office With $7 Million Haul Ahead of U.S. Release
- Best Crosshair Codes for Fragpunk
- What’s the viral ‘Velocity’ trend on TikTok?
- Make Meth in Schedule 1: The Ultimate Guide
- Pirate Copy of Minecraft Movie Leaks Online
- Unlock Coca Seeds in Schedule 1: Your Path to Cocaine Production!
- SWORN Tier List – Best Weapons & Spells
- Unlock All Avinoleum Treasure Spots in Wuthering Waves!
- Ultimate Tales of Wind Radiant Rebirth Tier List
2025-04-04 16:03