$7,000,000 in 1972 → $40,192,559.81 in 2016

U.S. Inflation Rate, 1972-2016 ($7,000,000)

According to the Bureau of Labor Statistics, the dollar experienced an average inflation rate of 4.05% per year. Prices in 2016 are 474.2% higher than prices in 1972.

In other words, $7,000,000 in the year 1972 is equivalent to $40,192,559.81 in 2016, a difference of $33,192,559.81 over 44 years.

The inflation rate in 2016 was 1.26%.

Inflation from 1972 to 2016
Cumulative price change 474.18%
Average inflation rate 4.05%
Price difference ($7,000,000 base) $33,192,559.81
CPI in 1972 41.8
CPI in 2016 240.007


U.S. inflation from 1913 to 2017


Inflation rates for specific categories

Educational books and supplies · Legal services · Gasoline (all types) · More

Inflation-adjusted measures

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

How to calculate the inflation rate for $7,000,000, 1972 to 2016

Start with the inflation rate formula:

CPI in 2016 / CPI in 1972 * 1972 USD value = 2016 USD value

Then plug in historical CPI values. The U.S. CPI was 41.8 in the year 1972 and 240.007 in 2016:

240.007 / 41.8 * $7,000,000 = $40,192,559.81

$7,000,000 in 1972 has the same "purchasing power" as $40,192,559.81 in 2016.


News headlines from 1972

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

  • The US's costliest natural disaster, Hurricane Agnes, causes 119 deaths and $3 billion damage.
  • The US Senate,ratifies the first Anti-Ballistic Missile Treaty.
  • A member of the terrorist group Black September kills eleven Israeli athletes at the Munich Olympics.
  • Pong, the first commercially successful video game is released by the co-founder of Atari.

Inflation Data Source

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: “$7,000,000 in 1972 → 2016 | Inflation Calculator.” FinanceRef Inflation Calculator, Alioth Education, 12 Dec. 2017, http://www.in2013dollars.com/1972-dollars-in-2016?amount=7000000.


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