# \$2,000,000 in 1920 → \$24,786,700.00 in 2018

## Inflation Calculator

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### U.S. Inflation Rate, 1920-2018 (\$2,000,000)

According to the Bureau of Labor Statistics consumer price index, the dollar experienced an average inflation rate of 2.60% per year. Prices in 2018 are 1139.3% higher than prices in 1920.

In other words, \$2,000,000 in the year 1920 is equivalent in purchasing power to \$24,786,700.00 in 2018, a difference of \$22,786,700.00 over 98 years.

The current inflation rate in 2018 is 1.26%1. If this number holds, \$2,000,000 today will be equivalent to \$2,025,173.01 next year.

 Cumulative price change 1139.34% Average inflation rate 2.60% Price difference (\$2,000,000 base) \$22,786,700.00 CPI in 1920 20 CPI in 2018 247.867

#### Inflation rates for specific categories

Admission to sporting events · Gasoline (all types) · Indoor plants and flowers · More

S&P 500 price · S&P 500 earnings · Shiller P/E

### How to calculate the inflation rate for \$2,000,000 since 1920

CPI in 2018 / CPI in 1920 * 1920 USD value = 2018 USD value

Then plug in historical CPI values. The U.S. CPI was 20 in the year 1920 and 247.867 in 2018:

247.867 / 20 * \$2,000,000 = \$24,786,700.00

\$2,000,000 in 1920 has the same "purchasing power" as \$24,786,700.00 in 2018.