# \$10,000,000 in 1955 → \$93,743,656.72 in 2019

## Inflation Calculator

\$

### U.S. Inflation Rate, \$10,000,000 in 1955 to 2019

According to the Bureau of Labor Statistics consumer price index, prices in 2019 are 837.44% higher than prices in 1955. The dollar experienced an average inflation rate of 3.56% per year during this period.

In other words, \$10,000,000 in 1955 is equivalent in purchasing power to \$93,743,656.72 in 2019, a difference of \$83,743,656.72 over 64 years.

The 1955 inflation rate was -0.37%. The current inflation rate (2018 to 2019) is now 1.95%1. If this number holds, \$10,000,000 today will be equivalent to \$10,194,546.41 next year. The current inflation rate page gives more detail on the latest official inflation rates.

 Cumulative price change 837.44% Average inflation rate 3.56% Converted amount (\$10,000,000 base) \$93,743,656.72 Price difference (\$10,000,000 base) \$83,743,656.72 CPI in 1955 26.800 CPI in 2019 251.233 Inflation in 1955 -0.37% Inflation in 2019 1.95%

U.S. Inflation since 1913
Annual Rate, U.S. Bureau of Labor Statistics CPI

### Buying power of \$10,000,000 in 1955

This chart shows calculations of buying power equivalence over time for \$10,000,000 in 1955 (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
1955 \$10,000,000.00 -0.37%
1956 \$10,149,253.73 1.49%
1957 \$10,485,074.63 3.31%
1958 \$10,783,582.09 2.85%
1959 \$10,858,208.96 0.69%
1960 \$11,044,776.12 1.72%
1961 \$11,156,716.42 1.01%
1962 \$11,268,656.72 1.00%
1963 \$11,417,910.45 1.32%
1964 \$11,567,164.18 1.31%
1965 \$11,753,731.34 1.61%
1966 \$12,089,552.24 2.86%
1967 \$12,462,686.57 3.09%
1968 \$12,985,074.63 4.19%
1969 \$13,694,029.85 5.46%
1970 \$14,477,611.94 5.72%
1971 \$15,111,940.30 4.38%
1972 \$15,597,014.93 3.21%
1973 \$16,567,164.18 6.22%
1974 \$18,395,522.39 11.04%
1975 \$20,074,626.87 9.13%
1976 \$21,231,343.28 5.76%
1977 \$22,611,940.30 6.50%
1978 \$24,328,358.21 7.59%
1979 \$27,089,552.24 11.35%
1980 \$30,746,268.66 13.50%
1981 \$33,917,910.45 10.32%
1982 \$36,007,462.69 6.16%
1983 \$37,164,179.10 3.21%
1984 \$38,768,656.72 4.32%
1985 \$40,149,253.73 3.56%
1986 \$40,895,522.39 1.86%
1987 \$42,388,059.70 3.65%
1988 \$44,141,791.04 4.14%
1989 \$46,268,656.72 4.82%
1990 \$48,768,656.72 5.40%
1991 \$50,820,895.52 4.21%
1992 \$52,350,746.27 3.01%
1993 \$53,917,910.45 2.99%
1994 \$55,298,507.46 2.56%
1995 \$56,865,671.64 2.83%
1996 \$58,544,776.12 2.95%
1997 \$59,888,059.70 2.29%
1998 \$60,820,895.52 1.56%
1999 \$62,164,179.10 2.21%
2000 \$64,253,731.34 3.36%
2001 \$66,082,089.55 2.85%
2002 \$67,126,865.67 1.58%
2003 \$68,656,716.42 2.28%
2004 \$70,485,074.63 2.66%
2005 \$72,873,134.33 3.39%
2006 \$75,223,880.60 3.23%
2007 \$77,366,417.91 2.85%
2008 \$80,336,940.30 3.84%
2009 \$80,051,119.40 -0.36%
2010 \$81,364,179.10 1.64%
2011 \$83,932,462.69 3.16%
2012 \$85,669,402.99 2.07%
2013 \$86,924,253.73 1.46%
2014 \$88,334,328.36 1.62%
2015 \$88,439,179.10 0.12%
2016 \$89,554,850.75 1.26%
2017 \$91,462,686.57 2.13%
2018 \$93,696,641.79 2.44%
2019 \$93,743,656.72 0.05%*
* Compared to previous annual rate. Not final. See inflation summary for latest 12-month trailing value.

### Inflation by City

Inflation can vary widely by city, even within the United States. Here's how some cities fared in 1955 to 2019 (figures shown are purchasing power equivalents of \$10,000,000):

• San Francisco, California: 3.95% average rate, \$10,000,000 → \$114,577,242.30, cumulative change of 1,045.77%
• Seattle, Washington: 3.80% average rate, \$10,000,000 → \$104,585,548.76, cumulative change of 945.86%
• Boston, Massachusetts: 3.79% average rate, \$10,000,000 → \$104,493,289.63, cumulative change of 944.93%
• New York: 3.74% average rate, \$10,000,000 → \$101,036,492.31, cumulative change of 910.36%
• Philadelphia, Pennsylvania: 3.56% average rate, \$10,000,000 → \$90,353,710.35, cumulative change of 803.54%
• Houston, Texas: 3.52% average rate, \$10,000,000 → \$88,259,082.03, cumulative change of 782.59%
• Atlanta, Georgia: 3.51% average rate, \$10,000,000 → \$88,038,381.04, cumulative change of 780.38%
• Chicago, Illinois: 3.48% average rate, \$10,000,000 → \$86,307,866.87, cumulative change of 763.08%
• Detroit, Michigan: 3.43% average rate, \$10,000,000 → \$83,882,716.05, cumulative change of 738.83%

San Francisco, California experienced the highest rate of inflation during the 64 years between 1955 and 2019 (3.95%).

Detroit, Michigan experienced the lowest rate of inflation during the 64 years between 1955 and 2019 (3.43%).

Note that some locations showing 0% inflation may have not yet reported latest data.

### Inflation by Country

Inflation can also vary widely by country. For comparison, in the UK £10,000,000.00 in 1955 would be equivalent to £260,487,238.98 in 2019, an absolute change of £250,487,238.98 and a cumulative change of 2,504.87%.

In Canada, CA\$10,000,000.00 in 1955 would be equivalent to CA\$94,014,084.51 in 2019, an absolute change of CA\$84,014,084.51 and a cumulative change of 840.14%.

Compare these numbers to the US's overall absolute change of \$83,743,656.72 and total percent change of 837.44%.

### Inflation by Spending Category

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 1955 and 2019.

Compare these values to the overall average of 3.56% per year:

Category Avg Inflation (%) Total Inflation (%) \$10,000,000 in 1955 → 2019
Food 3.57 844.12 94,412,025.13
Shelter 4.22 1,309.68 140,968,475.74
Energy 3.89 1,048.11 114,811,289.57
Apparel 1.72 198.05 29,804,844.50
New vehicles 1.05 94.86 19,486,095.14
Used cars and trucks 0.61 47.67 14,766,998.37
Transportation services 4.30 1,381.27 148,127,463.49
Medical care services 5.70 3,372.83 347,283,003.85
Medical care commodities 3.54 828.40 92,840,024.78

It's important to note that not all categories may be tracked since 1955. This table and visualization use the earliest available data for each category.

### How to Calculate Inflation Rate for \$10,000,000 since 1955

This inflation calculator uses the following inflation rate formula:

CPI in 2019CPI in 1955
×
1955 USD value
=
2019 USD value

Then plug in historical CPI values. The U.S. CPI was 26.8 in the year 1955 and 251.233 in 2019:

251.23326.8
×
\$10,000,000
=
\$93,743,656.72

\$10,000,000 in 1955 has the same "purchasing power" or "buying power" as \$93,743,656.72 in 2019.

To get the total inflation rate for the 64 years between 1955 and 2019, we use the following formula:

CPI in 2019 - CPI in 1955CPI in 1955
×
100
=
Cumulative inflation rate (64 years)

Plugging in the values to this equation, we get:

251.233 - 26.826.8
×
100
=
837%

### Comparison to S&P 500 Index

The average inflation rate of 3.56% has a compounding effect between 1955 and 2019. As noted above, this yearly inflation rate compounds to produce an overall price difference of 837.44% over 64 years.

To help put this inflation into perspective, if we had invested \$10,000,000 in the S&P 500 index in 1955, our investment would be nominally worth approximately \$4,912,513,045.04 in 2019. This is a return on investment of 49,025.13%, with an absolute return of \$4,902,513,045.04.

These numbers are not inflation adjusted, so they are considered nominal. In order to evaluate the real return on our investment, we must calculate the return with inflation taken into account.

The compounding effect of inflation would account for 89.33% of returns (\$4,379,542,935.19) during this period. This means the inflation-adjusted real return of our \$10,000,000 investment is \$522,970,109.85.

Investment in S&P 500 Index, 1955-2019
Original Amount Final Amount Change
Nominal \$10,000,000 \$4,912,513,045.04 49,025.13%
Real
\$10,000,000 \$522,970,109.85 5,229.70%

Politics and news often influence economic performance. Here's what was happening at the time:

• The occupying powers grant full Sovereignty to West Germany.
• The Mainau Declaration against nuclear weapons is signed by 18 Nobel laureates.
• Rosa Parks is arrested in Montgomery, Alabama for refusing to give her seat to a white person and move to the back of the bus.

### Data Source & Citation

Raw data for these calculations comes from 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.

You may use the following MLA citation for this page: “\$10,000,000 in 1955 → 2019 | Inflation Calculator.” U.S. Official Inflation Data, Alioth Finance, 22 Jan. 2019, https://www.officialdata.org/1955-dollars?amount=10000000.

in2013dollars.com is a reference website maintained by the Official Data Foundation.