$2,000,000 in 1855 → $58,031,954.02 in 2018

Inflation Calculator

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U.S. Inflation Rate, $2,000,000 in 1855 to 2018

According to the Bureau of Labor Statistics consumer price index, prices in 2018 are 2,801.60% higher than prices in 1855. The dollar experienced an average inflation rate of 2.28% per year during this period.

In other words, $2,000,000 in 1855 is equivalent in purchasing power to $58,031,954.02 in 2018, a difference of $56,031,954.02 over 163 years.

The 1855 inflation rate was 3.57%. The current inflation rate (2017 to 2018) is now 2.28%1. If this number holds, $2,000,000 today will be equivalent to $2,045,539.44 next year. The current inflation rate page gives more detail on the latest official inflation rates.


Inflation from 1855 to 2018
Cumulative price change 2,801.60%
Average inflation rate 2.28%
Converted amount ($2,000,000 base) $58,031,954.02
Price difference ($2,000,000 base) $56,031,954.02
CPI in 1855 8.700
CPI in 2018 252.439
Inflation in 1855 3.57%
Inflation in 2018 2.28%


U.S. inflation chart since 1665


Buying power of $2,000,000 since 1855

This chart shows calculations of buying power equivalence over time for $2,000,000 in 1855 (price index tracking began in 1635).

According to the Bureau of Labor Statistics, each of these USD amounts below is equal in terms of what it could buy at the time:

Year USD Value Inflation Rate
1855 $2,000,000.00 3.57%
1856 $1,954,022.99 -2.30%
1857 $2,000,000.00 2.35%
1858 $1,885,057.47 -5.75%
1859 $1,908,045.98 1.22%
1860 $1,908,045.98 0.00%
1861 $2,022,988.51 6.02%
1862 $2,321,839.08 14.77%
1863 $2,896,551.72 24.75%
1864 $3,609,195.40 24.60%
1865 $3,747,126.44 3.82%
1866 $3,655,172.41 -2.45%
1867 $3,402,298.85 -6.92%
1868 $3,264,367.82 -4.05%
1869 $3,126,436.78 -4.23%
1870 $3,011,494.25 -3.68%
1871 $2,804,597.70 -6.87%
1872 $2,804,597.70 0.00%
1873 $2,758,620.69 -1.64%
1874 $2,620,689.66 -5.00%
1875 $2,528,735.63 -3.51%
1876 $2,459,770.11 -2.73%
1877 $2,413,793.10 -1.87%
1878 $2,298,850.57 -4.76%
1879 $2,298,850.57 0.00%
1880 $2,344,827.59 2.00%
1881 $2,344,827.59 0.00%
1882 $2,344,827.59 0.00%
1883 $2,321,839.08 -0.98%
1884 $2,252,873.56 -2.97%
1885 $2,229,885.06 -1.02%
1886 $2,160,919.54 -3.09%
1887 $2,183,908.05 1.06%
1888 $2,183,908.05 0.00%
1889 $2,114,942.53 -3.16%
1890 $2,091,954.02 -1.09%
1891 $2,091,954.02 0.00%
1892 $2,091,954.02 0.00%
1893 $2,068,965.52 -1.10%
1894 $1,977,011.49 -4.44%
1895 $1,931,034.48 -2.33%
1896 $1,931,034.48 0.00%
1897 $1,908,045.98 -1.19%
1898 $1,908,045.98 0.00%
1899 $1,908,045.98 0.00%
1900 $1,931,034.48 1.20%
1901 $1,954,022.99 1.19%
1902 $1,977,011.49 1.18%
1903 $2,022,988.51 2.33%
1904 $2,045,977.01 1.14%
1905 $2,022,988.51 -1.12%
1906 $2,068,965.52 2.27%
1907 $2,160,919.54 4.44%
1908 $2,114,942.53 -2.13%
1909 $2,091,954.02 -1.09%
1910 $2,183,908.05 4.40%
1911 $2,183,908.05 0.00%
1912 $2,229,885.06 2.11%
1913 $2,275,862.07 2.06%
1914 $2,298,850.57 1.01%
1915 $2,321,839.08 1.00%
1916 $2,505,747.13 7.92%
1917 $2,942,528.74 17.43%
1918 $3,471,264.37 17.97%
1919 $3,977,011.49 14.57%
1920 $4,597,701.15 15.61%
1921 $4,114,942.53 -10.50%
1922 $3,862,068.97 -6.15%
1923 $3,931,034.48 1.79%
1924 $3,931,034.48 0.00%
1925 $4,022,988.51 2.34%
1926 $4,068,965.52 1.14%
1927 $4,000,000.00 -1.69%
1928 $3,931,034.48 -1.72%
1929 $3,931,034.48 0.00%
1930 $3,839,080.46 -2.34%
1931 $3,494,252.87 -8.98%
1932 $3,149,425.29 -9.87%
1933 $2,988,505.75 -5.11%
1934 $3,080,459.77 3.08%
1935 $3,149,425.29 2.24%
1936 $3,195,402.30 1.46%
1937 $3,310,344.83 3.60%
1938 $3,241,379.31 -2.08%
1939 $3,195,402.30 -1.42%
1940 $3,218,390.80 0.72%
1941 $3,379,310.34 5.00%
1942 $3,747,126.44 10.88%
1943 $3,977,011.49 6.13%
1944 $4,045,977.01 1.73%
1945 $4,137,931.03 2.27%
1946 $4,482,758.62 8.33%
1947 $5,126,436.78 14.36%
1948 $5,540,229.89 8.07%
1949 $5,471,264.37 -1.24%
1950 $5,540,229.89 1.26%
1951 $5,977,011.49 7.88%
1952 $6,091,954.02 1.92%
1953 $6,137,931.03 0.75%
1954 $6,183,908.05 0.75%
1955 $6,160,919.54 -0.37%
1956 $6,252,873.56 1.49%
1957 $6,459,770.11 3.31%
1958 $6,643,678.16 2.85%
1959 $6,689,655.17 0.69%
1960 $6,804,597.70 1.72%
1961 $6,873,563.22 1.01%
1962 $6,942,528.74 1.00%
1963 $7,034,482.76 1.32%
1964 $7,126,436.78 1.31%
1965 $7,241,379.31 1.61%
1966 $7,448,275.86 2.86%
1967 $7,678,160.92 3.09%
1968 $8,000,000.00 4.19%
1969 $8,436,781.61 5.46%
1970 $8,919,540.23 5.72%
1971 $9,310,344.83 4.38%
1972 $9,609,195.40 3.21%
1973 $10,206,896.55 6.22%
1974 $11,333,333.33 11.04%
1975 $12,367,816.09 9.13%
1976 $13,080,459.77 5.76%
1977 $13,931,034.48 6.50%
1978 $14,988,505.75 7.59%
1979 $16,689,655.17 11.35%
1980 $18,942,528.74 13.50%
1981 $20,896,551.72 10.32%
1982 $22,183,908.05 6.16%
1983 $22,896,551.72 3.21%
1984 $23,885,057.47 4.32%
1985 $24,735,632.18 3.56%
1986 $25,195,402.30 1.86%
1987 $26,114,942.53 3.65%
1988 $27,195,402.30 4.14%
1989 $28,505,747.13 4.82%
1990 $30,045,977.01 5.40%
1991 $31,310,344.83 4.21%
1992 $32,252,873.56 3.01%
1993 $33,218,390.80 2.99%
1994 $34,068,965.52 2.56%
1995 $35,034,482.76 2.83%
1996 $36,068,965.52 2.95%
1997 $36,896,551.72 2.29%
1998 $37,471,264.37 1.56%
1999 $38,298,850.57 2.21%
2000 $39,586,206.90 3.36%
2001 $40,712,643.68 2.85%
2002 $41,356,321.84 1.58%
2003 $42,298,850.57 2.28%
2004 $43,425,287.36 2.66%
2005 $44,896,551.72 3.39%
2006 $46,344,827.59 3.23%
2007 $47,664,827.59 2.85%
2008 $49,494,942.53 3.84%
2009 $49,318,850.57 -0.36%
2010 $50,127,816.09 1.64%
2011 $51,710,114.94 3.16%
2012 $52,780,229.89 2.07%
2013 $53,553,333.33 1.46%
2014 $54,422,068.97 1.62%
2015 $54,486,666.67 0.12%
2016 $55,174,022.99 1.26%
2017 $56,349,425.29 2.13%
2018 $58,031,954.02 2.99%*
* Compared to previous annual rate. Not final. See inflation summary for latest 12-month trailing value.

Inflation by Country

Inflation can also vary widely by country. For comparison, in the UK £2,000,000.00 in 1855 would be equivalent to £209,194,640.00 in 2018, an absolute change of £207,194,640.00 and a cumulative change of 10,359.73%.

Compare these numbers to the US's overall absolute change of $56,031,954.02 and total percent change of 2,801.60%.


Inflation by Spending Category

CPI is the weighted combination of many categories of spending that are tracked by the government. This chart shows the average rate of inflation for select CPI categories between 1855 and 2018.

Compare these values to the overall average of 2.28% per year:

Category Avg Inflation (%) Total Inflation (%) $2,000,000 in 1855 → 2018
Food 3.13 15,172.21 305,444,244.42
Shelter 4.10 69,918.98 1,400,379,591.73
Energy 3.88 49,796.05 997,921,075.12
Apparel 2.05 2,647.37 54,947,431.01
New vehicles 1.05 452.25 11,044,973.22
Used cars and trucks 0.61 171.24 5,424,710.65
Transportation services 3.35 21,240.10 426,801,944.44
Medical care services 5.11 335,776.02 6,717,520,499.33
Medical care commodities 4.29 93,422.56 1,870,451,222.45

It's important to note that not all categories may be tracked since 1855. This table and visualization use the earliest available data for each category.



How to Calculate Inflation Rate for $2,000,000 since 1855

This inflation calculator uses the following inflation rate formula:

CPI in 2018CPI in 1855
×
1855 USD value
=
2018 USD value

Then plug in historical CPI values. The U.S. CPI was 8.7 in the year 1855 and 252.439 in 2018:

252.4398.7
×
$2,000,000
=
$58,031,954.02

$2,000,000 in 1855 has the same "purchasing power" or "buying power" as $58,031,954.02 in 2018.

To get the total inflation rate for the 163 years between 1855 and 2018, we use the following formula:

CPI in 2018 - CPI in 1855CPI in 1855
×
100
=
Cumulative inflation rate (163 years)

Plugging in the values to this equation, we get:

252.439 - 8.78.7
×
100
=
2,802%

News headlines from 1855

Politics and news often influence economic performance. Here's what was happening at the time:

  • David Livingstone visits the Victoria Falls, becoming the first European to see it.
  • Henry John Temple, Third Viscount Palmerston, forms a British government.
  • A train passes a railway suspension bridge at the Niagara Falls, US for the first time.
  • Kerosene is patented by Abraham Gesner.

Data Source & Citation

Raw data for these calculations comes from the Bureau of Labor Statistics' (CPI), established in 1913. Inflation data from 1665 to 1912 is sourced from a historical study conducted by political science professor Robert Sahr at Oregon State University.

You may use the following MLA citation for this page: “$2,000,000 in 1855 → 2018 | Inflation Calculator.” U.S. Official Inflation Data, Alioth Finance, 14 Nov. 2018, https://www.officialdata.org/1855-dollars?amount=2000000.

in2013dollars.com is a reference website maintained by the Official Data Foundation.


» Read more about inflation and investment.