# \$2,000,000 in 1920 → \$24,955,400.00 in 2018

## Inflation Calculator

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### U.S. Inflation Rate, 1920-2018 (\$2,000,000)

According to the Bureau of Labor Statistics consumer price index, the dollar experienced an average inflation rate of 2.61% per year. Prices in 2018 are 1147.8% higher than prices in 1920.

In other words, \$2,000,000 in the year 1920 is equivalent in purchasing power to \$24,955,400.00 in 2018, a difference of \$22,955,400.00 over 98 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.

 Cumulative price change 1147.77% Average inflation rate 2.61% Price difference (\$2,000,000 base) \$22,955,400.00 CPI in 1920 20 CPI in 2018 249.554

#### Inflation rates for specific categories

Wine at home · Legal services · Bread · More

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

### How to calculate the inflation rate for \$2,000,000 since 1920

This inflation calculator uses the following inflation rate formula:

CPI in 2018 / CPI in 1920 * 1920 USD value = 2018 USD value

Then plug in historical CPI values. The U.S. CPI was 20 in the year 1920 and 249.554 in 2018:

249.554 / 20 * \$2,000,000 = \$24,955,400.00

\$2,000,000 in 1920 has the same "purchasing power" as \$24,955,400.00 in 2018.