# \$1,084,939,099 in 2020 is worth \$1,053,156,734.98 in 2018

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## Value of \$1,084,939,099 from 2020 to 2018

\$1,084,939,099 in 2020 is equivalent in purchasing power to about \$1,053,156,734.98 in 2018, an increase of \$-31,782,364.02 over 2 years. The dollar had an average inflation rate of 1.50% per year between 2018 and 2020, producing a cumulative price increase of -2.93%.

This means that prices in 2018 are 2.93% lower than average prices since 2020, according to the Bureau of Labor Statistics consumer price index.

The 2018 inflation rate was 2.49%. The inflation rate in 2020 was 1.23%. The 2020 inflation rate is lower compared to the average inflation rate of 5.70% per year between 2020 and 2021.

 Cumulative price change -2.93% Average inflation rate 1.50% Converted amount (\$1,084,939,099 base) \$1,053,156,734.98 Price difference (\$1,084,939,099 base) \$-31,782,364.02 CPI in 2020 258.812 CPI in 2018 251.230 Inflation in 2018 2.49% Inflation in 2020 1.23% \$1,084,939,099 in 2020 \$1,053,156,734.98 in 2018

USD Inflation since 1913
Annual Rate, the Bureau of Labor Statistics CPI

## Buying power of \$1,084,939,099 in 2018

This chart shows a calculation of buying power equivalence for \$1,084,939,099 in 2018 (price index tracking began in 1635).

For example, if you started with \$1,084,939,099, you would need to end with \$1,053,156,734.98 in order to "adjust" for inflation (sometimes refered to as "beating inflation").

When \$1,084,939,099 is equivalent to \$1,053,156,734.98 over time, that means that the "real value" of a single U.S. dollar decreases over time. In other words, a dollar will pay for fewer items at the store.

This effect explains how inflation erodes the value of a dollar over time. By calculating the value in 2018 dollars, the chart below shows how \$1,084,939,099 is worth less over 2 years.

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:

Dollar inflation: 2018-2020
Year Dollar Value Inflation Rate
2018 \$1,084,939,099.00 2.49%
2019 \$1,104,059,299.06 1.76%
2020 \$1,117,680,597.24 1.23%
2021 \$1,181,401,641.91 5.70%*
* Compared to previous annual rate. Not final. See inflation summary for latest 12-month trailing value.

This conversion table shows various other 2018 amounts in 2020 dollars, based on the -2.93% change in prices:

Conversion: 2018 dollars in 2020
Initial value Equivalent value
\$1 dollar in 2018 \$1.03 dollars in 2020
\$5 dollars in 2018 \$5.15 dollars in 2020
\$10 dollars in 2018 \$10.30 dollars in 2020
\$50 dollars in 2018 \$51.51 dollars in 2020
\$100 dollars in 2018 \$103.02 dollars in 2020
\$500 dollars in 2018 \$515.09 dollars in 2020
\$1,000 dollars in 2018 \$1,030.18 dollars in 2020
\$5,000 dollars in 2018 \$5,150.89 dollars in 2020
\$10,000 dollars in 2018 \$10,301.78 dollars in 2020
\$50,000 dollars in 2018 \$51,508.91 dollars in 2020
\$100,000 dollars in 2018 \$103,017.82 dollars in 2020
\$500,000 dollars in 2018 \$515,089.09 dollars in 2020
\$1,000,000 dollars in 2018 \$1,030,178.19 dollars in 2020

## Inflation by City

Inflation can vary widely by city, even within the United States. Here's how some cities fared in 2020 to 2018 (figures shown are purchasing power equivalents of \$1,084,939,099):

• San Diego, California: 3.21% average rate, \$1,084,939,099 → \$1,155,642,672.96, cumulative change of 6.52%
• San Francisco, California: 2.54% average rate, \$1,084,939,099 → \$1,140,655,406.57, cumulative change of 5.14%
• Phoenix, Arizona: 2.44% average rate, \$1,084,939,099 → \$1,138,445,834.47, cumulative change of 4.93%
• Seattle, Washington: 2.12% average rate, \$1,084,939,099 → \$1,131,510,567.73, cumulative change of 4.29%
• Tampa, Florida: 2.11% average rate, \$1,084,939,099 → \$1,131,290,041.90, cumulative change of 4.27%
• Denver, Colorado: 1.94% average rate, \$1,084,939,099 → \$1,127,386,899.13, cumulative change of 3.91%
• Atlanta, Georgia: 1.68% average rate, \$1,084,939,099 → \$1,121,797,261.61, cumulative change of 3.40%
• New York: 1.68% average rate, \$1,084,939,099 → \$1,121,729,122.08, cumulative change of 3.39%
• Minneapolis-St Paul, Minnesota: 1.63% average rate, \$1,084,939,099 → \$1,120,494,173.67, cumulative change of 3.28%
• Boston, Massachusetts: 1.54% average rate, \$1,084,939,099 → \$1,118,637,355.91, cumulative change of 3.11%
• Philadelphia, Pennsylvania: 1.41% average rate, \$1,084,939,099 → \$1,115,663,256.84, cumulative change of 2.83%
• Dallas-Fort Worth, Texas: 1.36% average rate, \$1,084,939,099 → \$1,114,586,392.80, cumulative change of 2.73%
• Miami-Fort Lauderdale, Florida: 1.34% average rate, \$1,084,939,099 → \$1,114,121,838.66, cumulative change of 2.69%
• Chicago, Illinois: 1.29% average rate, \$1,084,939,099 → \$1,113,084,244.34, cumulative change of 2.59%
• Detroit, Michigan: 1.17% average rate, \$1,084,939,099 → \$1,110,493,973.52, cumulative change of 2.36%
• St Louis, Missouri: 0.88% average rate, \$1,084,939,099 → \$1,104,160,670.97, cumulative change of 1.77%
• Houston, Texas: 0.67% average rate, \$1,084,939,099 → \$1,099,514,227.10, cumulative change of 1.34%

San Diego, California experienced the highest rate of inflation during the 2 years between 2018 and 2020 (3.21%).

Houston, Texas experienced the lowest rate of inflation during the 2 years between 2018 and 2020 (0.67%).

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 2020 would be equivalent to £1,039,761,463.42 in 2018, an absolute change of £-45,177,635.58 and a cumulative change of -4.16%.

In Canada, CA\$1,084,939,099.00 in 2020 would be equivalent to CA\$1,040,396,144.79 in 2018, an absolute change of CA\$-44,542,954.21 and a cumulative change of -4.11%.

Compare these numbers to the US's overall absolute change of \$-31,782,364.02 and total percent change of -2.93%.

## Inflation by Spending Category

CPI is the weighted combination of many categories of spending that are tracked by the government. Breaking down these categories helps explain the main drivers behind price changes. This chart shows the average rate of inflation for select CPI categories between 2020 and 2018.

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

Category Avg Inflation (%) Total Inflation (%) \$1,084,939,099 in 2018 → 2020
Food and beverages 2.59 5.24 1,141,762,264.91
Housing 2.54 5.14 1,140,748,781.01
Apparel -3.06 -6.03 1,019,528,211.73
Transportation -2.24 -4.43 1,036,892,195.60
Medical care 3.46 7.05 1,161,419,907.68
Recreation 1.32 2.65 1,113,682,128.79
Education and communication 1.28 2.57 1,112,816,469.08
Other goods and services 2.25 4.54 1,134,213,854.35

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 2020. This table and charts use the earliest available data for each category.

## How to Calculate Inflation Rate for \$1,084,939,099, 2018 to 2020

Our calculations use the following inflation rate formula to calculate the change in value between 2018 and 2020:

CPI in 2018 CPI in 2020
×
2020 USD value
=
2018 USD value

Then plug in historical CPI values. The U.S. CPI was 258.81166666667 in the year 2020 and 251.23 in 2018:

251.23258.81166666667
×
\$1,084,939,099
=
\$1,053,156,734.98

\$1,084,939,099 in 2020 has the same "purchasing power" or "buying power" as \$1,053,156,734.98 in 2018.

To get the total inflation rate for the 2 years between 2018 and 2020, we use the following formula:

CPI in 2018 - CPI in 2020CPI in 2020
×
100
=
Cumulative inflation rate (2 years)

Plugging in the values to this equation, we get:

251.23 - 258.81166666667258.81166666667
×
100
=
-3%

## 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 1.95% per year between 2020 and 2018 (vs all-CPI inflation of 1.50%), for an inflation total of 3.93%.

When using the core inflation measurement, \$1,084,939,099 in 2020 is equivalent in buying power to \$1,127,600,211.89 in 2018, a difference of \$42,661,112.89. Recall that for All Items, the converted amount is \$1,053,156,734.98 with a difference of \$-31,782,364.02.

In 2020, core inflation was 2.14%.

Chained CPI is an alternative measurement that takes into account how consumers adjust spending for similar items. Chained inflation averaged 1.27% per year between 2020 and 2018, a total inflation amount of 3.93%.

According to the Chained CPI measurement, \$1,084,939,099 in 2020 is equal in buying power to \$1,112,696,433.86 in 2018, a difference of \$27,757,334.86 (versus a converted amount of \$1,053,156,734.98/change of \$-31,782,364.02 for All Items).

In 2020, chained inflation was 2.02%.

## 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 2020 → 2018 | Inflation Calculator.” Official Inflation Data, Alioth Finance, 22 Sep. 2021, https://www.officialdata.org/us/inflation/2020?amount=1084939099&endYear=2018.

Special thanks to QuickChart for their chart image API, which is used for chart downloads.

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