$6,000,000 in 1976 → $25,308,295.25 in 2016

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U.S. Inflation Rate, $6,000,000 in 1976 to 2016

According to the Bureau of Labor Statistics consumer price index, the dollar experienced an average inflation rate of 3.66% per year. Prices in 2016 are 321.8% higher than prices in 1976.

In other words, $6,000,000 in 1976 is equivalent in purchasing power to $25,308,295.25 in 2016, a difference of $19,308,295.25 over 40 years.

The inflation rate in 2016 was 1.26%.

Inflation from 1976 to 2016
Cumulative price change 321.80%
Average inflation rate 3.66%
Converted amount ($6,000,000 base) $25,308,295.25
Price difference ($6,000,000 base) $19,308,295.25
CPI in 1976 56.9
CPI in 2016 240.007


U.S. inflation from 1913 to 2018


Inflation rates for specific categories

Financial services · College tuition and fees · Baby food · More

Inflation-adjusted measures

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

How to calculate the inflation rate for $6,000,000, 1976 to 2016

This inflation calculator uses the following inflation rate formula:

CPI in 2016 / CPI in 1976 * 1976 USD value = 2016 USD value

Then plug in historical CPI values. The U.S. CPI was 56.9 in the year 1976 and 240.007 in 2016:

240.007 / 56.9 * $6,000,000 = $25,308,295.25

$6,000,000 in 1976 has the same "purchasing power" or "buying power" as $25,308,295.25 in 2016.


News headlines from 1976

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

  • Steve Jobs and Stebe Wozniak invent the Apple Computer in Job's parents' garage.
  • The US Viking 1 lands on Mars, becoming the first man-built object on the Red Planet.
  • Osvaldo Dorticos Torrado is replaced as Cuban President by Fidel Castro.

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: “$6,000,000 in 1976 → 2016 | Inflation Calculator.” U.S. Official Inflation Data, Alioth Finance, 20 Jun. 2018, https://www.officialdata.org/1976-dollars-in-2016?amount=6000000.


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