$2,000,000 in 1875 → $44,395,623.79 in 2018

Inflation Calculator

$

U.S. Inflation Rate, $2,000,000 in 1875 to 2018

According to the Bureau of Labor Statistics consumer price index, the dollar experienced an average inflation rate of 2.19% per year. Prices in 2018 are 2119.8% higher than prices in 1875.

In other words, $2,000,000 in 1875 is equivalent in purchasing power to $44,395,623.79 in 2018, a difference of $42,395,623.79 over 143 years.

The current inflation rate is now 2.80%1. If this number holds, $2,000,000 today will be equivalent to $2,056,020.23 next year. The current inflation rate page gives more detail on the latest official inflation rates.

Inflation from 1875 to 2018
Cumulative price change 2119.78%
Average inflation rate 2.19%
Converted amount ($2,000,000 base) $44,395,623.79
Price difference ($2,000,000 base) $42,395,623.79
CPI in 2018 251.59


U.S. inflation chart since 1665


The above data describe the CPI for all items. Also of note is U.S. "Core Inflation," which measures the CPI for all items except for the more volatile categories of food and energy. Core inflation averaged NaN% per year between 1875 and 2018. In 1875, core inflation was 0.00%.


Inflation rates for specific categories

Women's apparel · Legal services · Gasoline (all types) · More

Inflation-adjusted measures

S&P 500 price · S&P 500 earnings · Shiller P/E

Buying power of $2,000,000 since 1875

Below are calculations of buying power over time for $2,000,000 in 1875 (price index tracking began in 1913). Each of these USD amounts below is equivalent in terms of what it could buy at the time:

Year USD Value Inflation Rate
1875 $2,000,000.00 -
1876 $1,966,666.67 -1.67%
1877 $1,933,333.33 -1.69%
1878 $1,833,333.33 -5.17%
1879 $1,833,333.33 0.00%
1880 $1,900,000.00 3.64%
1881 $1,900,000.00 0.00%
1882 $1,900,000.00 0.00%
1883 $1,866,666.67 -1.75%
1884 $1,800,000.00 -3.57%
1885 $1,766,666.67 -1.85%
1886 $1,733,333.33 -1.89%
1887 $1,733,333.33 0.00%
1888 $1,733,333.33 0.00%
1889 $1,700,000.00 -1.92%
1890 $1,666,666.67 -1.96%
1891 $1,666,666.67 0.00%
1892 $1,666,666.67 0.00%
1893 $1,666,666.67 0.00%
1894 $1,566,666.67 -6.00%
1895 $1,566,666.67 0.00%
1896 $1,566,666.67 0.00%
1897 $1,533,333.33 -2.13%
1898 $1,533,333.33 0.00%
1899 $1,533,333.33 0.00%
1900 $1,566,666.67 2.17%
1901 $1,566,666.67 0.00%
1902 $1,566,666.67 0.00%
1903 $1,633,333.33 4.26%
1904 $1,633,333.33 0.00%
1905 $1,633,333.33 0.00%
1906 $1,666,666.67 2.04%
1907 $1,733,333.33 4.00%
1908 $1,700,000.00 -1.92%
1909 $1,666,666.67 -1.96%
1910 $1,733,333.33 4.00%
1911 $1,733,333.33 0.00%
1912 $1,766,666.67 1.92%
1913 $1,746,956.06 -1.12%
1914 $1,764,602.08 1.01%
1915 $1,782,248.10 1.00%
1916 $1,923,416.27 7.92%
1917 $2,258,690.67 17.43%
1918 $2,664,549.14 17.97%
1919 $3,052,761.60 14.57%
1920 $3,529,204.16 15.61%
1921 $3,158,637.73 -10.50%
1922 $2,964,531.50 -6.15%
1923 $3,017,469.56 1.79%
1924 $3,017,469.56 0.00%
1925 $3,088,053.64 2.34%
1926 $3,123,345.69 1.14%
1927 $3,070,407.62 -1.69%
1928 $3,017,469.56 -1.72%
1929 $3,017,469.56 0.00%
1930 $2,946,885.48 -2.34%
1931 $2,682,195.16 -8.98%
1932 $2,417,504.85 -9.87%
1933 $2,293,982.71 -5.11%
1934 $2,364,566.79 3.08%
1935 $2,417,504.85 2.24%
1936 $2,452,796.89 1.46%
1937 $2,541,027.00 3.60%
1938 $2,488,088.94 -2.08%
1939 $2,452,796.89 -1.42%
1940 $2,470,442.92 0.72%
1941 $2,593,965.06 5.00%
1942 $2,876,301.39 10.88%
1943 $3,052,761.60 6.13%
1944 $3,105,699.66 1.73%
1945 $3,176,283.75 2.27%
1946 $3,440,974.06 8.33%
1947 $3,935,062.64 14.36%
1948 $4,252,691.02 8.07%
1949 $4,199,752.96 -1.24%
1950 $4,252,691.02 1.26%
1951 $4,587,965.41 7.88%
1952 $4,676,195.52 1.92%
1953 $4,711,487.56 0.75%
1954 $4,746,779.60 0.75%
1955 $4,729,133.58 -0.37%
1956 $4,799,717.66 1.49%
1957 $4,958,531.85 3.31%
1958 $5,099,700.02 2.85%
1959 $5,134,992.06 0.69%
1960 $5,223,222.16 1.72%
1961 $5,276,160.23 1.01%
1962 $5,329,098.29 1.00%
1963 $5,399,682.37 1.32%
1964 $5,470,266.45 1.31%
1965 $5,558,496.56 1.61%
1966 $5,717,310.75 2.86%
1967 $5,893,770.95 3.09%
1968 $6,140,815.25 4.19%
1969 $6,476,089.64 5.46%
1970 $6,846,656.08 5.72%
1971 $7,146,638.43 4.38%
1972 $7,376,036.70 3.21%
1973 $7,834,833.25 6.22%
1974 $8,699,488.27 11.04%
1975 $9,493,559.20 9.13%
1976 $10,040,585.85 5.76%
1977 $10,693,488.62 6.50%
1978 $11,505,205.58 7.59%
1979 $12,811,011.12 11.35%
1980 $14,540,321.16 13.50%
1981 $16,040,232.93 10.32%
1982 $17,028,410.09 6.16%
1983 $17,575,436.74 3.21%
1984 $18,334,215.63 4.32%
1985 $18,987,118.40 3.56%
1986 $19,340,038.82 1.86%
1987 $20,045,879.65 3.65%
1988 $20,875,242.63 4.14%
1989 $21,881,065.82 4.82%
1990 $23,063,349.21 5.40%
1991 $24,033,880.36 4.21%
1992 $24,757,367.21 3.01%
1993 $25,498,500.09 2.99%
1994 $26,151,402.86 2.56%
1995 $26,892,535.73 2.83%
1996 $27,686,606.67 2.95%
1997 $28,321,863.42 2.29%
1998 $28,763,013.94 1.56%
1999 $29,398,270.69 2.21%
2000 $30,386,447.86 3.36%
2001 $31,251,102.88 2.85%
2002 $31,745,191.46 1.58%
2003 $32,468,678.31 2.28%
2004 $33,333,333.33 2.66%
2005 $34,462,678.67 3.39%
2006 $35,574,377.98 3.23%
2007 $36,587,612.49 2.85%
2008 $37,992,412.21 3.84%
2009 $37,857,243.69 -0.36%
2010 $38,478,207.16 1.64%
2011 $39,692,782.78 3.16%
2012 $40,514,205.05 2.07%
2013 $41,107,640.73 1.46%
2014 $41,774,483.85 1.62%
2015 $41,824,069.17 0.12%
2016 $42,351,685.19 1.26%
2017 $43,194,988.53 1.99%
2018 $44,395,623.79 2.78%*
* Not final. See inflation summary for latest details.

News headlines from 1875

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

  • Verney Cameroon becomes the first European to reach Benguela in Angola.
  • Alexander Graham Bell makes the first sound transmission.
  • The Pacific Stock Exchange is opened for the first time.

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: “$2,000,000 in 1875 → 2018 | Inflation Calculator.” U.S. Official Inflation Data, Alioth Finance, 23 Jun. 2018, https://www.officialdata.org/1875-dollars?amount=2000000.


» Read more about inflation.