$1,084,939,099 in 2012 → $1,186,597,304.41 in 2018

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U.S. Inflation Rate, $1,084,939,099 in 2012 to 2018

According to the Bureau of Labor Statistics consumer price index, prices in 2018 are 9.37% higher than average prices throughout 2012. The dollar experienced an average inflation rate of 1.50% per year during this period, meaning the real value of a dollar decreased.

In other words, $1,084,939,099 in 2012 is equivalent in purchasing power to about $1,186,597,304.41 in 2018, a difference of $101,658,205.41 over 6 years.

The 2012 inflation rate was 2.07%. The inflation rate in 2018 was 2.44%. The 2018 inflation rate is higher compared to the average inflation rate of 1.77% per year between 2018 and 2019.


Inflation from 2012 to 2018
Cumulative price change 9.37%
Average inflation rate 1.50%
Converted amount ($1,084,939,099 base) $1,186,597,304.41
Price difference ($1,084,939,099 base) $101,658,205.41
CPI in 2012 229.594
CPI in 2018 251.107
Inflation in 2012 2.07%
Inflation in 2018 2.44%


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

Buying power of $1,084,939,099 in 2012

This chart shows calculation of buying power equivalence, often referred to as "the value of a dollar" over time for $1,084,939,099 in 2012 (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 Dollar Value Inflation Rate
2012 $1,084,939,099.00 2.07%
2013 $1,100,830,847.87 1.46%
2014 $1,118,688,391.43 1.62%
2015 $1,120,016,247.93 0.12%
2016 $1,134,145,397.24 1.26%
2017 $1,158,306,715.10 2.13%
2018 $1,186,597,304.41 2.44%
2019 $1,207,583,895.36 1.77%*
* 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 2012 to 2018 (figures shown are purchasing power equivalents of $1,084,939,099):

  • San Diego, California: 3.81% average rate, $1,084,939,099 → $1,357,441,765.90, cumulative change of 25.12%
  • San Francisco, California: 2.96% average rate, $1,084,939,099 → $1,292,757,153.60, cumulative change of 19.15%
  • Denver, Colorado: 2.60% average rate, $1,084,939,099 → $1,265,578,695.52, cumulative change of 16.65%
  • Seattle, Washington: 2.14% average rate, $1,084,939,099 → $1,231,664,347.09, cumulative change of 13.52%
  • Miami-Fort Lauderdale, Florida: 2.02% average rate, $1,084,939,099 → $1,223,048,711.23, cumulative change of 12.73%
  • Atlanta, Georgia: 1.92% average rate, $1,084,939,099 → $1,215,953,142.61, cumulative change of 12.08%
  • Phoenix, Arizona: 1.88% average rate, $1,084,939,099 → $1,213,160,683.22, cumulative change of 11.82%
  • Boston, Massachusetts: 1.80% average rate, $1,084,939,099 → $1,207,504,227.45, cumulative change of 11.30%
  • Houston, Texas: 1.71% average rate, $1,084,939,099 → $1,200,872,314.92, cumulative change of 10.69%
  • Tampa, Florida: 1.62% average rate, $1,084,939,099 → $1,194,830,493.27, cumulative change of 10.13%
  • Dallas-Fort Worth, Texas: 1.56% average rate, $1,084,939,099 → $1,190,520,958.71, cumulative change of 9.73%
  • Minneapolis-St Paul, Minnesota: 1.47% average rate, $1,084,939,099 → $1,184,075,693.75, cumulative change of 9.14%
  • New York: 1.34% average rate, $1,084,939,099 → $1,175,364,173.01, cumulative change of 8.33%
  • Detroit, Michigan: 1.21% average rate, $1,084,939,099 → $1,166,275,641.02, cumulative change of 7.50%
  • Chicago, Illinois: 1.15% average rate, $1,084,939,099 → $1,161,672,462.87, cumulative change of 7.07%
  • St Louis, Missouri: 1.03% average rate, $1,084,939,099 → $1,153,938,345.51, cumulative change of 6.36%
  • Philadelphia, Pennsylvania: 0.94% average rate, $1,084,939,099 → $1,147,465,180.33, cumulative change of 5.76%

San Diego, California experienced the highest rate of inflation during the 6 years between 2012 and 2018 (3.81%).

Philadelphia, Pennsylvania experienced the lowest rate of inflation during the 6 years between 2012 and 2018 (0.94%).

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 £1,084,939,099.00 in 2012 would be equivalent to £1,248,080,301.39 in 2018, an absolute change of £163,141,202.39 and a cumulative change of 15.04%.

In Canada, CA$1,084,939,099.00 in 2012 would be equivalent to CA$1,170,874,869.22 in 2018, an absolute change of CA$85,935,770.22 and a cumulative change of 7.92%.

Compare these numbers to the US's overall absolute change of $101,658,205.41 and total percent change of 9.37%.


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 2012 and 2018.

Compare these values to the overall average of 1.50% per year:

Category Avg Inflation (%) Total Inflation (%) $1,084,939,099 in 2012 → 2018
Food 1.36 8.46 1,176,740,196.44
Shelter 3.04 19.67 1,298,393,002.99
Energy -1.85 -10.62 969,716,173.48
Apparel -0.08 -0.48 1,079,695,640.89
New vehicles 0.24 1.42 1,100,394,671.98
Used cars and trucks -1.37 -7.95 998,729,224.41
Transportation services 2.79 17.94 1,279,594,147.44
Medical care services 2.74 17.59 1,275,799,698.16
Medical care commodities 2.26 14.33 1,240,451,454.42

It's important to note that not all categories may be tracked since 2012. This table and visualization use the earliest available data for each category.



How to Calculate Inflation Rate for $1,084,939,099, 2012 to 2018

This inflation calculator uses the following inflation rate formula:

CPI in 2018CPI in 2012
×
2012 USD value
=
2018 USD value

Then plug in historical CPI values. The U.S. CPI was 229.594 in the year 2012 and 251.10683333333 in 2018:

251.10683333333229.594
×
$1,084,939,099
=
$1,186,597,304.41

$1,084,939,099 in 2012 has the same "purchasing power" or "buying power" as $1,186,597,304.41 in 2018.

To get the total inflation rate for the 6 years between 2012 and 2018, we use the following formula:

CPI in 2018 - CPI in 2012CPI in 2012
×
100
=
Cumulative inflation rate (6 years)

Plugging in the values to this equation, we get:

251.10683333333 - 229.594229.594
×
100
=
9%

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 1.92% per year between 2012 and 2018 (vs all-CPI inflation of 1.50%), for an inflation total of 12.10%.

When using the core inflation measurement, $1,084,939,099 in 2012 is equivalent in buying power to $1,216,261,824.00 in 2018, a difference of $131,322,725.00. Recall that for All Items, the converted amount is $1,186,597,304.41 with a difference of $101,658,205.41.

In 2012, core inflation was 2.11%.

Chained CPI is an alternative measurement that takes into account how consumers adjust spending for similar items. Chained inflation averaged 1.21% per year between 2012 and 2018, a total inflation amount of 12.10%.

According to the Chained CPI measurement, $1,084,939,099 in 2012 is equal in buying power to $1,166,372,267.30 in 2018, a difference of $81,433,168.30 (versus a converted amount of $1,186,597,304.41/change of $101,658,205.41 for All Items).

In 2012, chained inflation was 1.95%.


Comparison to S&P 500 Index

The average inflation rate of 1.50% has a compounding effect between 2012 and 2018. As noted above, this yearly inflation rate compounds to produce an overall price difference of 9.37% over 6 years.

To help put this inflation into perspective, if we had invested $1,084,939,099 in the S&P 500 index in 2012, our investment would be nominally worth approximately $2,499,641,711.91 in 2018. This is a return on investment of 130.39%, with an absolute return of $1,414,702,612.91.

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 8.57% of returns ($121,200,451.31) during this period. This means the inflation-adjusted real return of our $1,084,939,099 investment is $1,293,502,161.60.

Investment in S&P 500 Index, 2012-2018
Original Amount Final Amount Change
Nominal $1,084,939,099 $2,499,641,711.91 130.39%
Real
Inflation Adjusted
$1,084,939,099 $1,293,502,161.60 119.22%


News headlines from 2012

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

  • Wikileaks discloses 5 million emails from Stratfor, a private intelligence company.
  • Kim Jong-un is officially appointed as Supreme Leader of North Korea.
  • Ecuador guarantees political asylum to Julian Assange, founder of Wikileaks.

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: “$1,084,939,099 in 2012 → 2018 | Inflation Calculator.” U.S. Official Inflation Data, Alioth Finance, 26 May. 2019, https://www.officialdata.org/2012-dollars-in-2018?amount=1084939099.

Special thanks to QuickChart for providing downloadable chart images.

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


» Read more about inflation and investment.