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

## Inflation Calculator

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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%.

 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

#### Inflation rates for specific categories

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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.