$1,000,000 in 1927 → $13,793,505.75 in 2016

U.S. Inflation Rate, 1927-2016 ($1,000,000)

According to the Bureau of Labor Statistics, the dollar experienced an average inflation rate of 2.99% per year. Prices in 2016 are 1279.4% higher than prices in 1927.

In other words, $1,000,000 in the year 1927 is equivalent to $13,793,505.75 in 2016, a difference of $12,793,505.75 over 89 years.

The inflation rate in 2016 was 1.26%.

Inflation from 1927 to 2016
Cumulative price change 1279.35%
Average inflation rate 2.99%
Price difference ($1,000,000 base) $12,793,505.75
CPI in 1927 17.4
CPI in 2016 240.007


U.S. inflation from 1913 to 2017


Inflation rates for specific categories

Film and photographic supplies · Televisions · New trucks · More

Inflation-adjusted measures

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

How to calculate the inflation rate for $1,000,000, 1927 to 2016

Start with the inflation rate formula:

CPI in 2016 / CPI in 1927 * 1927 USD value = 2016 USD value

Then plug in historical CPI values. The U.S. CPI was 17.4 in the year 1927 and 240.007 in 2016:

240.007 / 17.4 * $1,000,000 = $13,793,505.75

$1,000,000 in 1927 has the same "purchasing power" as $13,793,505.75 in 2016.


News headlines from 1927

Politics and news often play an important role in economic performance.

  • The counter revolution begins in Shanghai by Kuomintang leader Chiang Kai-shek.
  • Charles Lindbergh completes the first non-stop flight over the Atlantic.
  • Saudi Arabia is granted its independence from Great Britain after signing the Treaty of Jeddah.

Inflation Data Source: 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.


» Read more about inflation.