# \$500,000 in 1930 → \$7,471,676.65 in 2018

## Inflation Calculator

\$

### U.S. Inflation Rate, 1930-2018 (\$500,000)

According to the Bureau of Labor Statistics consumer price index, the dollar experienced an average inflation rate of 3.12% per year. Prices in 2018 are 1394.3% higher than prices in 1930.

In other words, \$500,000 in the year 1930 is equivalent in purchasing power to \$7,471,676.65 in 2018, a difference of \$6,971,676.65 over 88 years.

Compared to last year's annual rate, the inflation rate in 2018 is now 1.95%1. If this number holds, \$500,000 today would be equivalent to \$509,739.12 next year. The current inflation rate page gives more detail on the latest official inflation rates.

 Cumulative price change 1394.34% Average inflation rate 3.12% Price difference (\$500,000 base) \$6,971,676.65 CPI in 1930 16.7 CPI in 2018 249.554

#### Inflation rates for specific categories

Electricity · Airline fares · Admission to sporting events · More

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

### How to calculate the inflation rate for \$500,000 since 1930

This inflation calculator uses the following inflation rate formula:

CPI in 2018 / CPI in 1930 * 1930 USD value = 2018 USD value

Then plug in historical CPI values. The U.S. CPI was 16.7 in the year 1930 and 249.554 in 2018:

249.554 / 16.7 * \$500,000 = \$7,471,676.65

\$500,000 in 1930 has the same "purchasing power" as \$7,471,676.65 in 2018.

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

• Mohandas Gandhi protests British salt tax by a 200-mile-long walk.
• Clyde Tombaugh discovers Pluto.
• Lawrence Hyland discovers the first radar by accident.
• Roald Amundsen's leads the first expedition to reach the South Pole.
• American explorer Hiram Bingham discovers Machu Picchu.

### 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: “\$500,000 in 1930 → 2018 | Inflation Calculator.” U.S. Official Inflation Data, Alioth Finance, 26 May. 2018, https://www.officialdata.org/1930-dollars?amount=500000.