According to the Bureau of Labor Statistics, the dollar experienced an average inflation rate of 2.19% per year. Prices in 2017 are 2059.7% higher than prices in 1875.
In other words, $2,000,000 in the year 1875 is equivalent to $43,194,988.53 in 2017, a difference of $41,194,988.53 over 142 years.
|Cumulative price change||2059.75%|
|Average inflation rate||2.19%|
|Price difference ($2,000,000 base)||$41,194,988.53|
|CPI in 2017||244.786|
Politics and news often play an important role in economic performance.
Inflation Data Source: 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.