$25,000,000 in 1994 → $42,641,025.64 in 2019

Inflation Calculator

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U.S. Inflation Rate, $25,000,000 in 1994 to 2019

According to the Bureau of Labor Statistics consumer price index, prices in 2019 are 70.56% higher than average prices throughout 1994. The dollar experienced an average inflation rate of 2.16% per year during this period.

In other words, $25,000,000 in 1994 is equivalent in purchasing power to $42,641,025.64 in 2019, a difference of $17,641,025.64 over 25 years.

The 1994 inflation rate was 2.56%. The current inflation rate (2018 to 2019) is now 1.52%1. If this number holds, $25,000,000 today will be equivalent to $25,380,033.82 next year. The current inflation rate page gives more detail on the latest official inflation rates.


Inflation from 1994 to 2019
Cumulative price change 70.56%
Average inflation rate 2.16%
Converted amount ($25,000,000 base) $42,641,025.64
Price difference ($25,000,000 base) $17,641,025.64
CPI in 1994 148.200
CPI in 2019 252.776
Inflation in 1994 2.56%
Inflation in 2019 1.52%


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

Buying power of $25,000,000 in 1994

This chart shows calculations of buying power equivalence over time for $25,000,000 in 1994 (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
1994 $25,000,000.00 2.56%
1995 $25,708,502.02 2.83%
1996 $26,467,611.34 2.95%
1997 $27,074,898.79 2.29%
1998 $27,496,626.18 1.56%
1999 $28,103,913.63 2.21%
2000 $29,048,583.00 3.36%
2001 $29,875,168.69 2.85%
2002 $30,347,503.37 1.58%
2003 $31,039,136.30 2.28%
2004 $31,865,722.00 2.66%
2005 $32,945,344.13 3.39%
2006 $34,008,097.17 3.23%
2007 $34,976,720.65 2.85%
2008 $36,319,669.37 3.84%
2009 $36,190,452.09 -0.36%
2010 $36,784,075.57 1.64%
2011 $37,945,175.44 3.16%
2012 $38,730,431.85 2.07%
2013 $39,297,739.54 1.46%
2014 $39,935,222.67 1.62%
2015 $39,982,624.83 0.12%
2016 $40,487,010.80 1.26%
2017 $41,349,527.67 2.13%
2018 $42,359,452.32 2.44%
2019 $42,641,025.64 0.66%*
* 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 1994 to 2019 (figures shown are purchasing power equivalents of $25,000,000):

  • San Diego, California: 3.93% average rate, $25,000,000 → $63,021,895.42, cumulative change of 152.09%
  • Seattle, Washington: 3.85% average rate, $25,000,000 → $64,208,450.37, cumulative change of 156.83%
  • Atlanta, Georgia: 3.02% average rate, $25,000,000 → $52,571,365.64, cumulative change of 110.29%
  • San Francisco, California: 2.72% average rate, $25,000,000 → $48,866,717.12, cumulative change of 95.47%
  • Denver, Colorado: 2.59% average rate, $25,000,000 → $46,184,414.67, cumulative change of 84.74%
  • Miami-Fort Lauderdale, Florida: 2.52% average rate, $25,000,000 → $46,560,596.37, cumulative change of 86.24%
  • Tampa, Florida: 2.41% average rate, $25,000,000 → $44,320,750.99, cumulative change of 77.28%
  • Boston, Massachusetts: 2.39% average rate, $25,000,000 → $45,068,820.68, cumulative change of 80.28%
  • Minneapolis-St Paul, Minnesota: 2.25% average rate, $25,000,000 → $42,647,806.41, cumulative change of 70.59%
  • New York: 2.24% average rate, $25,000,000 → $43,538,641.87, cumulative change of 74.15%
  • Dallas-Fort Worth, Texas: 2.04% average rate, $25,000,000 → $41,462,038.40, cumulative change of 65.85%
  • St Louis, Missouri: 2.02% average rate, $25,000,000 → $40,415,099.59, cumulative change of 61.66%
  • Houston, Texas: 2.01% average rate, $25,000,000 → $41,122,422.45, cumulative change of 64.49%
  • Philadelphia, Pennsylvania: 1.98% average rate, $25,000,000 → $40,768,928.17, cumulative change of 63.08%
  • Detroit, Michigan: 1.93% average rate, $25,000,000 → $40,348,079.26, cumulative change of 61.39%
  • Chicago, Illinois: 1.92% average rate, $25,000,000 → $40,201,362.80, cumulative change of 60.81%

San Diego, California experienced the highest rate of inflation during the 25 years between 1994 and 2019 (3.93%).

Chicago, Illinois experienced the lowest rate of inflation during the 25 years between 1994 and 2019 (1.92%).

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 £25,000,000.00 in 1994 would be equivalent to £49,314,952.96 in 2019, an absolute change of £24,314,952.96 and a cumulative change of 97.26%.

In Canada, CA$25,000,000.00 in 1994 would be equivalent to CA$38,644,264.19 in 2019, an absolute change of CA$13,644,264.19 and a cumulative change of 54.58%.

Compare these numbers to the US's overall absolute change of $17,641,025.64 and total percent change of 70.56%.


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 1994 and 2019.

Compare these values to the overall average of 2.16% per year:

Category Avg Inflation (%) Total Inflation (%) $25,000,000 in 1994 → 2019
Food 2.33 78.00 44,501,139.64
Shelter 2.71 95.17 48,791,738.55
Energy 2.77 98.09 49,521,858.58
Apparel -0.29 -7.03 23,243,347.08
New vehicles 0.26 6.58 26,646,126.28
Used cars and trucks -0.10 -2.41 24,397,045.76
Transportation services 2.63 91.55 47,887,668.84
Medical care services 3.68 146.79 61,697,813.04
Medical care commodities 2.57 88.77 47,192,700.55

It's important to note that not all categories may be tracked since 1994. This table and visualization use the earliest available data for each category.



How to Calculate Inflation Rate for $25,000,000 since 1994

This inflation calculator uses the following inflation rate formula:

CPI in 2019CPI in 1994
×
1994 USD value
=
2019 USD value

Then plug in historical CPI values. The U.S. CPI was 148.2 in the year 1994 and 252.776 in 2019:

252.776148.2
×
$25,000,000
=
$42,641,025.64

$25,000,000 in 1994 has the same "purchasing power" or "buying power" as $42,641,025.64 in 2019.

To get the total inflation rate for the 25 years between 1994 and 2019, we use the following formula:

CPI in 2019 - CPI in 1994CPI in 1994
×
100
=
Cumulative inflation rate (25 years)

Plugging in the values to this equation, we get:

252.776 - 148.2148.2
×
100
=
71%

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 2.06% per year between 1994 and 2019 (vs all-CPI inflation of 2.16%), for an inflation total of 66.51%.

When using the core inflation measurement, $25,000,000 in 1994 is equivalent in buying power to $41,628,176.14 in 2019, a difference of $16,628,176.14. Recall that for All Items, the converted amount is $42,641,025.64 with a difference of $17,641,025.64.

In 1994, core inflation was 2.85%.


Comparison to S&P 500 Index

The average inflation rate of 2.16% has a compounding effect between 1994 and 2019. As noted above, this yearly inflation rate compounds to produce an overall price difference of 70.56% over 25 years.

To help put this inflation into perspective, if we had invested $25,000,000 in the S&P 500 index in 1994, our investment would be nominally worth approximately $237,033,696.94 in 2019. This is a return on investment of 848.13%, with an absolute return of $212,033,696.94.

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 41.37% of returns ($87,720,495.19) during this period. This means the inflation-adjusted real return of our $25,000,000 investment is $124,313,201.76.

Investment in S&P 500 Index, 1994-2019
Original Amount Final Amount Change
Nominal $25,000,000 $237,033,696.94 848.13%
Real
Inflation Adjusted
$25,000,000 $124,313,201.76 497.25%


News headlines from 1994

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

  • The Rwandan Genocide begins as an aircraft is shot down while carrying Rwandan and Burundian presidents, Juvenal Habyarimana and Cyprien Ntaryamira.
  • Nelson Mandela becomes South Africa's first black president.
  • The IRA declares a ceasefire.
  • Guantanamo Naval Base is re-opened for refugee processing.

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: “$25,000,000 in 1994 → 2019 | Inflation Calculator.” U.S. Official Inflation Data, Alioth Finance, 22 Mar. 2019, https://www.officialdata.org/us/inflation/1994?amount=25000000.

Special thanks to QuickChart for providing downloadable chart images.

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


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