According to the Bureau of Labor Statistics consumer price index, prices in 2018 are 1,596.67% higher than average prices throughout 1867. The dollar experienced an average inflation rate of 1.89% per year during this period.
In other words, $7,200,000 in 1867 is equivalent in purchasing power to $122,160,081.08 in 2018, a difference of $114,960,081.08 over 151 years.
The 1867 inflation rate was -6.92%. The inflation rate in 2018 was 2.44%. The 2018 inflation rate is higher compared to the average inflation rate of 0.24% per year between 2018 and 2019.
Cumulative price change | 1,596.67% |
Average inflation rate | 1.89% |
Converted amount ($7,200,000 base) | $122,160,081.08 |
Price difference ($7,200,000 base) | $114,960,081.08 |
CPI in 1867 | 14.800 |
CPI in 2018 | 251.107 |
Inflation in 1867 | -6.92% |
Inflation in 2018 | 2.44% |
This chart shows calculations of buying power equivalence over time for $7,200,000 in 1867 (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 |
---|---|---|
1867 | $7,200,000.00 | -6.92% |
1868 | $6,908,108.11 | -4.05% |
1869 | $6,616,216.22 | -4.23% |
1870 | $6,372,972.97 | -3.68% |
1871 | $5,935,135.14 | -6.87% |
1872 | $5,935,135.14 | 0.00% |
1873 | $5,837,837.84 | -1.64% |
1874 | $5,545,945.95 | -5.00% |
1875 | $5,351,351.35 | -3.51% |
1876 | $5,205,405.41 | -2.73% |
1877 | $5,108,108.11 | -1.87% |
1878 | $4,864,864.86 | -4.76% |
1879 | $4,864,864.86 | 0.00% |
1880 | $4,962,162.16 | 2.00% |
1881 | $4,962,162.16 | 0.00% |
1882 | $4,962,162.16 | 0.00% |
1883 | $4,913,513.51 | -0.98% |
1884 | $4,767,567.57 | -2.97% |
1885 | $4,718,918.92 | -1.02% |
1886 | $4,572,972.97 | -3.09% |
1887 | $4,621,621.62 | 1.06% |
1888 | $4,621,621.62 | 0.00% |
1889 | $4,475,675.68 | -3.16% |
1890 | $4,427,027.03 | -1.09% |
1891 | $4,427,027.03 | 0.00% |
1892 | $4,427,027.03 | 0.00% |
1893 | $4,378,378.38 | -1.10% |
1894 | $4,183,783.78 | -4.44% |
1895 | $4,086,486.49 | -2.33% |
1896 | $4,086,486.49 | 0.00% |
1897 | $4,037,837.84 | -1.19% |
1898 | $4,037,837.84 | 0.00% |
1899 | $4,037,837.84 | 0.00% |
1900 | $4,086,486.49 | 1.20% |
1901 | $4,135,135.14 | 1.19% |
1902 | $4,183,783.78 | 1.18% |
1903 | $4,281,081.08 | 2.33% |
1904 | $4,329,729.73 | 1.14% |
1905 | $4,281,081.08 | -1.12% |
1906 | $4,378,378.38 | 2.27% |
1907 | $4,572,972.97 | 4.44% |
1908 | $4,475,675.68 | -2.13% |
1909 | $4,427,027.03 | -1.09% |
1910 | $4,621,621.62 | 4.40% |
1911 | $4,621,621.62 | 0.00% |
1912 | $4,718,918.92 | 2.11% |
1913 | $4,816,216.22 | 2.06% |
1914 | $4,864,864.86 | 1.01% |
1915 | $4,913,513.51 | 1.00% |
1916 | $5,302,702.70 | 7.92% |
1917 | $6,227,027.03 | 17.43% |
1918 | $7,345,945.95 | 17.97% |
1919 | $8,416,216.22 | 14.57% |
1920 | $9,729,729.73 | 15.61% |
1921 | $8,708,108.11 | -10.50% |
1922 | $8,172,972.97 | -6.15% |
1923 | $8,318,918.92 | 1.79% |
1924 | $8,318,918.92 | 0.00% |
1925 | $8,513,513.51 | 2.34% |
1926 | $8,610,810.81 | 1.14% |
1927 | $8,464,864.86 | -1.69% |
1928 | $8,318,918.92 | -1.72% |
1929 | $8,318,918.92 | 0.00% |
1930 | $8,124,324.32 | -2.34% |
1931 | $7,394,594.59 | -8.98% |
1932 | $6,664,864.86 | -9.87% |
1933 | $6,324,324.32 | -5.11% |
1934 | $6,518,918.92 | 3.08% |
1935 | $6,664,864.86 | 2.24% |
1936 | $6,762,162.16 | 1.46% |
1937 | $7,005,405.41 | 3.60% |
1938 | $6,859,459.46 | -2.08% |
1939 | $6,762,162.16 | -1.42% |
1940 | $6,810,810.81 | 0.72% |
1941 | $7,151,351.35 | 5.00% |
1942 | $7,929,729.73 | 10.88% |
1943 | $8,416,216.22 | 6.13% |
1944 | $8,562,162.16 | 1.73% |
1945 | $8,756,756.76 | 2.27% |
1946 | $9,486,486.49 | 8.33% |
1947 | $10,848,648.65 | 14.36% |
1948 | $11,724,324.32 | 8.07% |
1949 | $11,578,378.38 | -1.24% |
1950 | $11,724,324.32 | 1.26% |
1951 | $12,648,648.65 | 7.88% |
1952 | $12,891,891.89 | 1.92% |
1953 | $12,989,189.19 | 0.75% |
1954 | $13,086,486.49 | 0.75% |
1955 | $13,037,837.84 | -0.37% |
1956 | $13,232,432.43 | 1.49% |
1957 | $13,670,270.27 | 3.31% |
1958 | $14,059,459.46 | 2.85% |
1959 | $14,156,756.76 | 0.69% |
1960 | $14,400,000.00 | 1.72% |
1961 | $14,545,945.95 | 1.01% |
1962 | $14,691,891.89 | 1.00% |
1963 | $14,886,486.49 | 1.32% |
1964 | $15,081,081.08 | 1.31% |
1965 | $15,324,324.32 | 1.61% |
1966 | $15,762,162.16 | 2.86% |
1967 | $16,248,648.65 | 3.09% |
1968 | $16,929,729.73 | 4.19% |
1969 | $17,854,054.05 | 5.46% |
1970 | $18,875,675.68 | 5.72% |
1971 | $19,702,702.70 | 4.38% |
1972 | $20,335,135.14 | 3.21% |
1973 | $21,600,000.00 | 6.22% |
1974 | $23,983,783.78 | 11.04% |
1975 | $26,172,972.97 | 9.13% |
1976 | $27,681,081.08 | 5.76% |
1977 | $29,481,081.08 | 6.50% |
1978 | $31,718,918.92 | 7.59% |
1979 | $35,318,918.92 | 11.35% |
1980 | $40,086,486.49 | 13.50% |
1981 | $44,221,621.62 | 10.32% |
1982 | $46,945,945.95 | 6.16% |
1983 | $48,454,054.05 | 3.21% |
1984 | $50,545,945.95 | 4.32% |
1985 | $52,345,945.95 | 3.56% |
1986 | $53,318,918.92 | 1.86% |
1987 | $55,264,864.86 | 3.65% |
1988 | $57,551,351.35 | 4.14% |
1989 | $60,324,324.32 | 4.82% |
1990 | $63,583,783.78 | 5.40% |
1991 | $66,259,459.46 | 4.21% |
1992 | $68,254,054.05 | 3.01% |
1993 | $70,297,297.30 | 2.99% |
1994 | $72,097,297.30 | 2.56% |
1995 | $74,140,540.54 | 2.83% |
1996 | $76,329,729.73 | 2.95% |
1997 | $78,081,081.08 | 2.29% |
1998 | $79,297,297.30 | 1.56% |
1999 | $81,048,648.65 | 2.21% |
2000 | $83,772,972.97 | 3.36% |
2001 | $86,156,756.76 | 2.85% |
2002 | $87,518,918.92 | 1.58% |
2003 | $89,513,513.51 | 2.28% |
2004 | $91,897,297.30 | 2.66% |
2005 | $95,010,810.81 | 3.39% |
2006 | $98,075,675.68 | 3.23% |
2007 | $100,869,081.08 | 2.85% |
2008 | $104,742,000.00 | 3.84% |
2009 | $104,369,351.35 | -0.36% |
2010 | $106,081,297.30 | 1.64% |
2011 | $109,429,783.78 | 3.16% |
2012 | $111,694,378.38 | 2.07% |
2013 | $113,330,432.43 | 1.46% |
2014 | $115,168,864.86 | 1.62% |
2015 | $115,305,567.57 | 0.12% |
2016 | $116,760,162.16 | 1.26% |
2017 | $119,247,567.57 | 2.13% |
2018 | $122,160,081.08 | 2.44% |
2019 | $122,454,486.49 | 0.24%* |
Inflation can also vary widely by country. For comparison, in the UK £7,200,000.00 in 1867 would be equivalent to £785,294,269.31 in 2018, an absolute change of £778,094,269.31 and a cumulative change of 10,806.86%.
Compare these numbers to the US's overall absolute change of $114,960,081.08 and total percent change of 1,596.67%.
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 1867 and 2018.
Compare these values to the overall average of 1.89% per year:
Category | Avg Inflation (%) | Total Inflation (%) | $7,200,000 in 1867 → 2018 |
---|---|---|---|
Food | 3.13 | 10,468.67 | 760,943,893.49 |
Shelter | 4.11 | 43,485.84 | 3,138,180,753.28 |
Energy | 3.89 | 31,577.76 | 2,280,798,805.88 |
Apparel | 2.05 | 2,046.17 | 154,524,123.67 |
New vehicles | 1.05 | 382.58 | 34,745,773.98 |
Used cars and trucks | 0.61 | 150.86 | 18,061,605.19 |
Transportation services | 4.06 | 40,823.87 | 2,946,518,803.16 |
Medical care services | 5.11 | 185,315.82 | 13,349,938,776.87 |
Medical care commodities | 3.04 | 9,135.51 | 664,956,544.78 |
It's important to note that not all categories may be tracked since 1867. This table and visualization use the earliest available data for each category.
This inflation calculator uses the following inflation rate formula:
Then plug in historical CPI values. The U.S. CPI was 14.8 in the year 1867 and 251.10683333333 in 2018:
$7,200,000 in 1867 has the same "purchasing power" or "buying power" as $122,160,081.08 in 2018.
To get the total inflation rate for the 151 years between 1867 and 2018, we use the following formula:
Plugging in the values to this equation, we get:
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 → 2018 | Inflation Calculator.” U.S. Official Inflation Data, Alioth Finance, 20 Feb. 2019, https://www.officialdata.org/1867-dollars-in-2018?amount=7200000.
in2013dollars.com is a reference website maintained by the Official Data Foundation.