$1,000,000 in 1927 → $13,793,505.75 in 2016

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U.S. Inflation Rate, $1,000,000 in 1927 to 2016

According to the Bureau of Labor Statistics consumer price index, the dollar experienced an average inflation rate of 2.99% per year. Prices in 2016 are 1279.4% higher than prices in 1927.

In other words, $1,000,000 in 1927 is equivalent in purchasing power to $13,793,505.75 in 2016, a difference of $12,793,505.75 over 89 years.

The inflation rate in 2016 was 1.26%.

Inflation from 1927 to 2016
Cumulative price change 1279.35%
Average inflation rate 2.99%
Converted amount ($1,000,000 base) $13,793,505.75
Price difference ($1,000,000 base) $12,793,505.75
CPI in 1927 17.4
CPI in 2016 240.007


U.S. inflation from 1913 to 2018


Inflation rates for specific categories

Legal services · Parking fees and tolls · Hospital services · More

Inflation-adjusted measures

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

How to calculate the inflation rate for $1,000,000, 1927 to 2016

This inflation calculator uses the following inflation rate formula:

CPI in 2016 / CPI in 1927 * 1927 USD value = 2016 USD value

Then plug in historical CPI values. The U.S. CPI was 17.4 in the year 1927 and 240.007 in 2016:

240.007 / 17.4 * $1,000,000 = $13,793,505.75

$1,000,000 in 1927 has the same "purchasing power" or "buying power" as $13,793,505.75 in 2016.


News headlines from 1927

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

  • The counter revolution begins in Shanghai by Kuomintang leader Chiang Kai-shek.
  • Charles Lindbergh completes the first non-stop flight over the Atlantic.
  • Saudi Arabia is granted its independence from Great Britain after signing the Treaty of Jeddah.

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: “$1,000,000 in 1927 → 2016 | Inflation Calculator.” U.S. Official Inflation Data, Alioth Finance, 21 Jun. 2018, https://www.officialdata.org/1927-dollars-in-2016?amount=1000000.


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