$2,000,000 in 1900 → $56,216,618.05 in 2018

Inflation Calculator


U.S. Inflation Rate, 1900-2018 ($2,000,000)

According to the Bureau of Labor Statistics consumer price index, the dollar experienced an average inflation rate of 2.87% per year. Prices in 2018 are 2710.8% higher than prices in 1900.

In other words, $2,000,000 in the year 1900 is equivalent in purchasing power to $56,216,618.05 in 2018, a difference of $54,216,618.05 over 118 years.

Compared to last year's annual rate, the inflation rate in 2018 is now 1.95%1. If this number holds, $2,000,000 today would be equivalent to $2,038,956.48 next year. The current inflation rate page gives more detail on the latest official inflation rates.

Inflation from 1900 to 2018
Cumulative price change 2710.83%
Average inflation rate 2.87%
Price difference ($2,000,000 base) $54,216,618.05
CPI in 2018 249.554

U.S. inflation chart since 1665

Inflation rates for specific categories

Frankfurters · Milk · Film and photographic supplies · More

Inflation-adjusted measures

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

News headlines from 1900

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

  • Britain establishes the protectorates of Northern Nigeria and Southern Nigeria.
  • America announces the Open Door Policy to promote trade with China.
  • The US Congress passes the Currency Act, establishing the gold standard.
  • Dutch botanist and geneticist Hugo de Vries rediscovers Mendel's law of genetics
  • Under pressure from Japan, Korea denies Russia access to Masampo Port, leading to a war between Russia and Japan.

Inflation Data Source

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 1900 → 2018 | Inflation Calculator.” U.S. Official Inflation Data, Alioth Finance, 26 May. 2018, https://www.officialdata.org/1900-dollars?amount=2000000.

» Read more about inflation.