\$1,000,000 in 1955 → \$9,311,716.42 in 2018

Inflation Calculator

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U.S. Inflation Rate, 1955-2018 (\$1,000,000)

According to the Bureau of Labor Statistics consumer price index, the dollar experienced an average inflation rate of 3.61% per year. Prices in 2018 are 831.2% higher than prices in 1955.

In other words, \$1,000,000 in the year 1955 is equivalent in purchasing power to \$9,311,716.42 in 2018, a difference of \$8,311,716.42 over 63 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 831.17% Average inflation rate 3.61% Price difference (\$1,000,000 base) \$8,311,716.42 CPI in 1955 26.8 CPI in 2018 249.554

Inflation rates for specific categories

Admission to sporting events · Juices and nonalcoholic drinks · Gasoline (all types) · More

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

How to calculate the inflation rate for \$1,000,000 since 1955

This inflation calculator uses the following inflation rate formula:

CPI in 2018 / CPI in 1955 * 1955 USD value = 2018 USD value

Then plug in historical CPI values. The U.S. CPI was 26.8 in the year 1955 and 249.554 in 2018:

249.554 / 26.8 * \$1,000,000 = \$9,311,716.42

\$1,000,000 in 1955 has the same "purchasing power" as \$9,311,716.42 in 2018.

News headlines from 1955

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

• The occupying powers grant full Sovereignty to West Germany.
• The Mainau Declaration against nuclear weapons is signed by 18 Nobel laureates.
• Rosa Parks is arrested in Montgomery, Alabama for refusing to give her seat to a white person and move to the back of the bus.

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 1955 → 2018 | Inflation Calculator.” U.S. Official Inflation Data, Alioth Finance, 23 May. 2018, https://www.officialdata.org/1955-dollars?amount=1000000.