According to the Bureau of Labor Statistics consumer price index, the dollar experienced an average inflation rate of 1.86% per year. Prices in 2015 are 1430.1% higher than prices in 1867.
In other words, $7,200,000 in the year 1867 is equivalent in purchasing power to $110,170,718.80 in 2015, a difference of $102,970,718.80 over 148 years.
The inflation rate in 2015 was 0.12%.
|Cumulative price change||1430.15%|
|Average inflation rate||1.86%|
|Price difference ($7,200,000 base)||$102,970,718.80|
|CPI in 2015||237.017|
Politics and news often influence economic performance. Here's what was happening at the time:
Raw data for these calculations comes from the Bureau of Labor Statistics' Consumer Price Index (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: “$7,200,000 in 1867 → 2015 | Inflation Calculator.” FinanceRef Inflation Calculator, Alioth Finance, 17 Jan. 2018, http://www.in2013dollars.com/1867-dollars-in-2015?amount=7200000.