# \$2,000,000 in 1955 → \$18,623,432.84 in 2018

## Inflation Calculator

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### U.S. Inflation Rate, 1955-2018 (\$2,000,000)

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, \$2,000,000 in the year 1955 is equivalent in purchasing power to \$18,623,432.84 in 2018, a difference of \$16,623,432.84 over 63 years.

Compared to last year's annual rate, the inflation rate in 2018 is now 1.95%1. If this number holds, \$2,000,000 today would be equivalent to \$2,038,956.48 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 (\$2,000,000 base) \$16,623,432.84 CPI in 1955 26.8 CPI in 2018 249.554

#### Inflation rates for specific categories

College tuition and fees · Fresh fruits · Juices and nonalcoholic drinks · More

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

### How to calculate the inflation rate for \$2,000,000 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 * \$2,000,000 = \$18,623,432.84

\$2,000,000 in 1955 has the same "purchasing power" as \$18,623,432.84 in 2018.