# \$1,000,000 in 1935 → \$18,215,620.44 in 2018

## Inflation Calculator

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### U.S. Inflation Rate, 1935-2018 (\$1,000,000)

According to the Bureau of Labor Statistics consumer price index, the dollar experienced an average inflation rate of 3.56% per year. Prices in 2018 are 1721.6% higher than prices in 1935.

In other words, \$1,000,000 in the year 1935 is equivalent in purchasing power to \$18,215,620.44 in 2018, a difference of \$17,215,620.44 over 83 years.

Compared to last year's annual rate, the inflation rate in 2018 is now 1.95%1. If this number holds, \$1,000,000 today would be equivalent to \$1,019,478.24 next year. The current inflation rate page gives more detail on the latest official inflation rates.

 Cumulative price change 1721.56% Average inflation rate 3.56% Price difference (\$1,000,000 base) \$17,215,620.44 CPI in 1935 13.7 CPI in 2018 249.554

#### Inflation rates for specific categories

Gasoline (all types) · Educational books and supplies · Film and photographic supplies · More

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

### How to calculate the inflation rate for \$1,000,000 since 1935

This inflation calculator uses the following inflation rate formula:

CPI in 2018 / CPI in 1935 * 1935 USD value = 2018 USD value

Then plug in historical CPI values. The U.S. CPI was 13.7 in the year 1935 and 249.554 in 2018:

249.554 / 13.7 * \$1,000,000 = \$18,215,620.44

\$1,000,000 in 1935 has the same "purchasing power" as \$18,215,620.44 in 2018.