$3,600,000 in 1967 → $27,257,065.87 in 2018

Inflation Calculator

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U.S. Inflation Rate, $3,600,000 in 1967 to 2018

According to the Bureau of Labor Statistics consumer price index, prices in 2018 are 657.14% higher than prices in 1967. The dollar experienced an average inflation rate of 4.05% per year during this period.

In other words, $3,600,000 in 1967 is equivalent in purchasing power to $27,257,065.87 in 2018, a difference of $23,657,065.87 over 51 years.

The 1967 inflation rate was 3.09%. The current inflation rate (2017 to 2018) is now 2.52%1. If this number holds, $3,600,000 today will be equivalent to $3,690,808.92 next year. The current inflation rate page gives more detail on the latest official inflation rates.


Inflation from 1967 to 2018
Cumulative price change 657.14%
Average inflation rate 4.05%
Converted amount ($3,600,000 base) $27,257,065.87
Price difference ($3,600,000 base) $23,657,065.87
CPI in 1967 33.400
CPI in 2018 252.885
Inflation in 1967 3.09%
Inflation in 2018 2.52%


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

Buying power of $3,600,000 since 1967

This chart shows calculations of buying power equivalence over time for $3,600,000 in 1967 (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
1967 $3,600,000.00 3.09%
1968 $3,750,898.20 4.19%
1969 $3,955,688.62 5.46%
1970 $4,182,035.93 5.72%
1971 $4,365,269.46 4.38%
1972 $4,505,389.22 3.21%
1973 $4,785,628.74 6.22%
1974 $5,313,772.46 11.04%
1975 $5,798,802.40 9.13%
1976 $6,132,934.13 5.76%
1977 $6,531,736.53 6.50%
1978 $7,027,544.91 7.59%
1979 $7,825,149.70 11.35%
1980 $8,881,437.13 13.50%
1981 $9,797,604.79 10.32%
1982 $10,401,197.60 6.16%
1983 $10,735,329.34 3.21%
1984 $11,198,802.40 4.32%
1985 $11,597,604.79 3.56%
1986 $11,813,173.65 1.86%
1987 $12,244,311.38 3.65%
1988 $12,750,898.20 4.14%
1989 $13,365,269.46 4.82%
1990 $14,087,425.15 5.40%
1991 $14,680,239.52 4.21%
1992 $15,122,155.69 3.01%
1993 $15,574,850.30 2.99%
1994 $15,973,652.69 2.56%
1995 $16,426,347.31 2.83%
1996 $16,911,377.25 2.95%
1997 $17,299,401.20 2.29%
1998 $17,568,862.28 1.56%
1999 $17,956,886.23 2.21%
2000 $18,560,479.04 3.36%
2001 $19,088,622.75 2.85%
2002 $19,390,419.16 1.58%
2003 $19,832,335.33 2.28%
2004 $20,360,479.04 2.66%
2005 $21,050,299.40 3.39%
2006 $21,729,341.32 3.23%
2007 $22,348,239.52 2.85%
2008 $23,206,311.38 3.84%
2009 $23,123,748.50 -0.36%
2010 $23,503,041.92 1.64%
2011 $24,244,922.16 3.16%
2012 $24,746,658.68 2.07%
2013 $25,109,137.72 1.46%
2014 $25,516,455.09 1.62%
2015 $25,546,742.51 0.12%
2016 $25,869,017.96 1.26%
2017 $26,420,119.76 2.13%
2018 $27,257,065.87 3.17%*
* 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 1967 to 2018 (figures shown are purchasing power equivalents of $3,600,000):

  • San Francisco, California: 4.35% average rate, $3,600,000 → $31,583,742.11, cumulative change of 777.33%
  • Seattle, Washington: 4.23% average rate, $3,600,000 → $29,746,765.16, cumulative change of 726.30%
  • Boston, Massachusetts: 4.16% average rate, $3,600,000 → $28,812,154.41, cumulative change of 700.34%
  • New York: 4.14% average rate, $3,600,000 → $28,474,233.83, cumulative change of 690.95%
  • Dallas-Fort Worth, Texas: 3.97% average rate, $3,600,000 → $26,243,924.61, cumulative change of 629.00%
  • Philadelphia, Pennsylvania: 3.97% average rate, $3,600,000 → $26,159,534.33, cumulative change of 626.65%
  • Houston, Texas: 3.96% average rate, $3,600,000 → $26,122,479.74, cumulative change of 625.62%
  • Atlanta, Georgia: 3.95% average rate, $3,600,000 → $25,946,311.74, cumulative change of 620.73%
  • Chicago, Illinois: 3.92% average rate, $3,600,000 → $25,569,153.21, cumulative change of 610.25%
  • Detroit, Michigan: 3.86% average rate, $3,600,000 → $24,848,457.99, cumulative change of 590.23%

San Francisco, California experienced the highest rate of inflation during the 51 years between 1967 and 2018 (4.35%).

Detroit, Michigan experienced the lowest rate of inflation during the 51 years between 1967 and 2018 (3.86%).

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 £3,600,000.00 in 1967 would be equivalent to £63,463,542.47 in 2018, an absolute change of £59,863,542.47 and a cumulative change of 1,662.88%.

In Canada, CA$3,600,000.00 in 1967 would be equivalent to CA$26,080,434.78 in 2018, an absolute change of CA$22,480,434.78 and a cumulative change of 624.46%.

Compare these numbers to the US's overall absolute change of $23,657,065.87 and total percent change of 657.14%.


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 1967 and 2018.

Compare these values to the overall average of 4.05% per year:

Category Avg Inflation (%) Total Inflation (%) $3,600,000 in 1967 → 2018
Food 4.01 643.69 26,772,696.75
Shelter 4.75 966.89 38,407,921.60
Energy 4.46 824.37 33,277,201.68
Apparel 1.79 147.45 8,908,315.08
New vehicles 1.05 70.69 6,144,748.99
Used cars and trucks 0.61 36.64 4,919,143.23
Transportation services 3.35 435.51 19,278,332.68
Medical care services 6.04 1,887.94 71,566,017.39
Medical care commodities 4.29 749.80 30,592,711.80

It's important to note that not all categories may be tracked since 1967. This table and visualization use the earliest available data for each category.



How to Calculate Inflation Rate for $3,600,000 since 1967

This inflation calculator uses the following inflation rate formula:

CPI in 2018CPI in 1967
×
1967 USD value
=
2018 USD value

Then plug in historical CPI values. The U.S. CPI was 33.4 in the year 1967 and 252.885 in 2018:

252.88533.4
×
$3,600,000
=
$27,257,065.87

$3,600,000 in 1967 has the same "purchasing power" or "buying power" as $27,257,065.87 in 2018.

To get the total inflation rate for the 51 years between 1967 and 2018, we use the following formula:

CPI in 2018 - CPI in 1967CPI in 1967
×
100
=
Cumulative inflation rate (51 years)

Plugging in the values to this equation, we get:

252.885 - 33.433.4
×
100
=
657%

Alternate Measurements of Inflation

The above data describe the CPI for all items. Also of note is the Core CPI, which measures inflation for all items except for the more volatile categories of food and energy. Core inflation averaged 4.00% per year between 1967 and 2018 (vs all-CPI inflation of 4.05%), for an inflation total of 640.84%.

When using the core inflation measurement, $3,600,000 in 1967 is equivalent in buying power to $26,670,248.64 in 2018, a difference of $23,070,248.64. Recall that for All Items, the converted amount is $27,257,065.87 with a difference of $23,657,065.87.

In 1967, core inflation was 3.45%.


Comparison to S&P 500 Index

The average inflation rate of 4.05% has a compounding effect between 1967 and 2018. As noted above, this yearly inflation rate compounds to produce an overall price difference of 657.14% over 51 years.

To help put this inflation into perspective, if we had invested $3,600,000 in the S&P 500 index in 1967, our investment would be nominally worth approximately $521,108,789.44 in 2018. This is a return on investment of 14,375.24%, with an absolute return of $517,508,789.44.

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 86.79% of returns ($449,158,378.91) during this period. This means the inflation-adjusted real return of our $3,600,000 investment is $68,350,410.53.

Investment in S&P 500 Index, 1967-2018
Original Amount Final Amount Change
Nominal $3,600,000 $521,108,789.44 14,375.24%
Real
Inflation Adjusted
$3,600,000 $68,350,410.53 1,898.62%


News headlines from 1967

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

  • The largest US airborne assault since WWII occurs in Vietnam, known as Operation Junction City: 25,000 United States and South Vietnamese troops attack the Viet Cong.
  • The world's first ATM machine is installed in London.
  • The 6-day War begins between Israel and the Arabs.

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: “$3,600,000 in 1967 → 2018 | Inflation Calculator.” U.S. Official Inflation Data, Alioth Finance, 17 Nov. 2018, https://www.officialdata.org/1967-dollars-in-2018?amount=3600000.

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


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