$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%.


U.S. inflation from 1913 to 2017


Inflation rates for specific categories

Fresh fruits · Women's apparel · Film and photographic supplies · 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

The "purchasing power" of $7,000,000 from 1972 is $40,192,559.81 in 2016.


News headlines from 1972

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

  • 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: 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.


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