$7,200,000 in 1867 → $125,128,216.22 in 2019

Inflation Calculator

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$7,200,000 in 1867 → $125,128,216.22 in 2019

U.S. Inflation Rate, $7,200,000 in 1867 to 2019

According to the Bureau of Labor Statistics consumer price index, today's prices in 2019 are 1,637.89% higher than average prices throughout 1867. The dollar experienced an average inflation rate of 1.90% per year during this period, meaning the real value of a dollar decreased.

In other words, $7,200,000 in 1867 is equivalent in purchasing power to about $125,128,216.22 in 2019, a difference of $117,928,216.22 over 152 years.

The 1867 inflation rate was -6.92%. The current inflation rate (2018 to 2019) is now 2.05%1. If this number holds, $7,200,000 today will be equivalent in buying power to $7,347,692.01 next year. The current inflation rate page gives more detail on the latest official inflation rates.


Inflation from 1867 to 2019
Cumulative price change 1,637.89%
Average inflation rate 1.90%
Converted amount ($7,200,000 base) $125,128,216.22
Price difference ($7,200,000 base) $117,928,216.22
CPI in 1867 14.800
CPI in 2019 257.208
Inflation in 1867 -6.92%
Inflation in 2019 2.05%

U.S. inflation chart since 1665


Buying power of $7,200,000 in 1867

This chart shows calculation of buying power equivalence, often referred to as "the value of a dollar" over time for $7,200,000 in 1867 (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
1867 $7,200,000.00 -6.92%
1868 $6,908,108.11 -4.05%
1869 $6,616,216.22 -4.23%
1870 $6,372,972.97 -3.68%
1871 $5,935,135.14 -6.87%
1872 $5,935,135.14 0.00%
1873 $5,837,837.84 -1.64%
1874 $5,545,945.95 -5.00%
1875 $5,351,351.35 -3.51%
1876 $5,205,405.41 -2.73%
1877 $5,108,108.11 -1.87%
1878 $4,864,864.86 -4.76%
1879 $4,864,864.86 0.00%
1880 $4,962,162.16 2.00%
1881 $4,962,162.16 0.00%
1882 $4,962,162.16 0.00%
1883 $4,913,513.51 -0.98%
1884 $4,767,567.57 -2.97%
1885 $4,718,918.92 -1.02%
1886 $4,572,972.97 -3.09%
1887 $4,621,621.62 1.06%
1888 $4,621,621.62 0.00%
1889 $4,475,675.68 -3.16%
1890 $4,427,027.03 -1.09%
1891 $4,427,027.03 0.00%
1892 $4,427,027.03 0.00%
1893 $4,378,378.38 -1.10%
1894 $4,183,783.78 -4.44%
1895 $4,086,486.49 -2.33%
1896 $4,086,486.49 0.00%
1897 $4,037,837.84 -1.19%
1898 $4,037,837.84 0.00%
1899 $4,037,837.84 0.00%
1900 $4,086,486.49 1.20%
1901 $4,135,135.14 1.19%
1902 $4,183,783.78 1.18%
1903 $4,281,081.08 2.33%
1904 $4,329,729.73 1.14%
1905 $4,281,081.08 -1.12%
1906 $4,378,378.38 2.27%
1907 $4,572,972.97 4.44%
1908 $4,475,675.68 -2.13%
1909 $4,427,027.03 -1.09%
1910 $4,621,621.62 4.40%
1911 $4,621,621.62 0.00%
1912 $4,718,918.92 2.11%
1913 $4,816,216.22 2.06%
1914 $4,864,864.86 1.01%
1915 $4,913,513.51 1.00%
1916 $5,302,702.70 7.92%
1917 $6,227,027.03 17.43%
1918 $7,345,945.95 17.97%
1919 $8,416,216.22 14.57%
1920 $9,729,729.73 15.61%
1921 $8,708,108.11 -10.50%
1922 $8,172,972.97 -6.15%
1923 $8,318,918.92 1.79%
1924 $8,318,918.92 0.00%
1925 $8,513,513.51 2.34%
1926 $8,610,810.81 1.14%
1927 $8,464,864.86 -1.69%
1928 $8,318,918.92 -1.72%
1929 $8,318,918.92 0.00%
1930 $8,124,324.32 -2.34%
1931 $7,394,594.59 -8.98%
1932 $6,664,864.86 -9.87%
1933 $6,324,324.32 -5.11%
1934 $6,518,918.92 3.08%
1935 $6,664,864.86 2.24%
1936 $6,762,162.16 1.46%
1937 $7,005,405.41 3.60%
1938 $6,859,459.46 -2.08%
1939 $6,762,162.16 -1.42%
1940 $6,810,810.81 0.72%
1941 $7,151,351.35 5.00%
1942 $7,929,729.73 10.88%
1943 $8,416,216.22 6.13%
1944 $8,562,162.16 1.73%
1945 $8,756,756.76 2.27%
1946 $9,486,486.49 8.33%
1947 $10,848,648.65 14.36%
1948 $11,724,324.32 8.07%
1949 $11,578,378.38 -1.24%
1950 $11,724,324.32 1.26%
1951 $12,648,648.65 7.88%
1952 $12,891,891.89 1.92%
1953 $12,989,189.19 0.75%
1954 $13,086,486.49 0.75%
1955 $13,037,837.84 -0.37%
1956 $13,232,432.43 1.49%
1957 $13,670,270.27 3.31%
1958 $14,059,459.46 2.85%
1959 $14,156,756.76 0.69%
1960 $14,400,000.00 1.72%
1961 $14,545,945.95 1.01%
1962 $14,691,891.89 1.00%
1963 $14,886,486.49 1.32%
1964 $15,081,081.08 1.31%
1965 $15,324,324.32 1.61%
1966 $15,762,162.16 2.86%
1967 $16,248,648.65 3.09%
1968 $16,929,729.73 4.19%
1969 $17,854,054.05 5.46%
1970 $18,875,675.68 5.72%
1971 $19,702,702.70 4.38%
1972 $20,335,135.14 3.21%
1973 $21,600,000.00 6.22%
1974 $23,983,783.78 11.04%
1975 $26,172,972.97 9.13%
1976 $27,681,081.08 5.76%
1977 $29,481,081.08 6.50%
1978 $31,718,918.92 7.59%
1979 $35,318,918.92 11.35%
1980 $40,086,486.49 13.50%
1981 $44,221,621.62 10.32%
1982 $46,945,945.95 6.16%
1983 $48,454,054.05 3.21%
1984 $50,545,945.95 4.32%
1985 $52,345,945.95 3.56%
1986 $53,318,918.92 1.86%
1987 $55,264,864.86 3.65%
1988 $57,551,351.35 4.14%
1989 $60,324,324.32 4.82%
1990 $63,583,783.78 5.40%
1991 $66,259,459.46 4.21%
1992 $68,254,054.05 3.01%
1993 $70,297,297.30 2.99%
1994 $72,097,297.30 2.56%
1995 $74,140,540.54 2.83%
1996 $76,329,729.73 2.95%
1997 $78,081,081.08 2.29%
1998 $79,297,297.30 1.56%
1999 $81,048,648.65 2.21%
2000 $83,772,972.97 3.36%
2001 $86,156,756.76 2.85%
2002 $87,518,918.92 1.58%
2003 $89,513,513.51 2.28%
2004 $91,897,297.30 2.66%
2005 $95,010,810.81 3.39%
2006 $98,075,675.68 3.23%
2007 $100,869,081.08 2.85%
2008 $104,742,000.00 3.84%
2009 $104,369,351.35 -0.36%
2010 $106,081,297.30 1.64%
2011 $109,429,783.78 3.16%
2012 $111,694,378.38 2.07%
2013 $113,330,432.43 1.46%
2014 $115,168,864.86 1.62%
2015 $115,305,567.57 0.12%
2016 $116,760,162.16 1.26%
2017 $119,247,567.57 2.13%
2018 $122,160,081.08 2.44%
2019 $125,128,216.22 2.43%*
* Compared to previous annual rate. Not final. See inflation summary for latest 12-month trailing value.
Click to show 146 more rows

Inflation by Country

Inflation can also vary widely by country. For comparison, in the UK £7,200,000.00 in 1867 would be equivalent to £799,429,566.15 in 2019, an absolute change of £792,229,566.15 and a cumulative change of 11,003.19%.

Compare these numbers to the US's overall absolute change of $117,928,216.22 and total percent change of 1,637.89%.


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 1867 and 2019.

Compare these values to the overall average of 1.90% per year:

Category Avg Inflation (%) Total Inflation (%) $7,200,000 in 1867 → 2019
Food and beverages 3.92 34,220.32 2,471,063,366.94
Housing 4.23 54,324.94 3,918,595,320.14
Apparel 2.02 1,999.39 151,156,051.34
Transportation 3.26 13,016.34 944,376,249.60
Medical care 5.13 201,109.38 14,487,075,223.14
Recreation 1.09 421.29 37,532,577.62
Education and communication 1.85 1,515.13 116,289,070.95
Other goods and services 5.03 174,596.58 12,578,153,989.48

The graph below compares inflation in categories of goods over time. Click on a category such as "Food" to toggle it on or off:

For all these visualizations, it's important to note that not all categories may have been tracked since 1867. This table and charts use the earliest available data for each category.



How to Calculate Inflation Rate for $7,200,000 since 1867

This inflation calculator uses the following inflation rate formula:

CPI in 2019CPI in 1867
×
1867 USD value
=
2019 USD value

Then plug in historical CPI values. The U.S. CPI was 14.8 in the year 1867 and 257.208 in 2019:

257.20814.8
×
$7,200,000
=
$125,128,216.22

$7,200,000 in 1867 has the same "purchasing power" or "buying power" as $125,128,216.22 in 2019.

To get the total inflation rate for the 152 years between 1867 and 2019, we use the following formula:

CPI in 2019 - CPI in 1867CPI in 1867
×
100
=
Cumulative inflation rate (152 years)

Plugging in the values to this equation, we get:

257.208 - 14.814.8
×
100
=
1,638%

News headlines from 1867

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

  • The House of Commons passes the British North America Act, which later serves as Canada's constitution.
  • Joseph Lister, publishes an article in The Lancet, outlining the discovery of antiseptic surgery.
  • Russia sells Alaska to the United States for total of $7,200,000, or 2 cents/acre.
  • Karl Marx Publishes ‘Das Kapital’.

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: “$7,200,000 in 1867 → 2019 | Inflation Calculator.” U.S. Official Inflation Data, Alioth Finance, 12 Dec. 2019, https://www.officialdata.org/us/inflation/1867?amount=7200000.

Special thanks to QuickChart for providing downloadable chart images.

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


About the author

Ian Webster is an engineer and data expert based in San Mateo, California. He has worked for Google, NASA, and consulted for governments around the world on data pipelines and data analysis. Disappointed by the lack of clear resources on the impacts of inflation on economic indicators, Ian believes this website serves as a valuable public tool. Ian earned his degree in Computer Science from Dartmouth College.

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» Read more about inflation and investment.

Inflation from 1867 to 2019
Cumulative price change 1,637.89%
Average inflation rate 1.90%
Converted amount ($7,200,000 base) $125,128,216.22
Price difference ($7,200,000 base) $117,928,216.22
CPI in 1867 14.800
CPI in 2019 257.208
Inflation in 1867 -6.92%
Inflation in 2019 2.05%
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