# \$12,000,000 in 1853 is worth \$399,567,272.73 today

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## Value of \$12,000,000 from 1853 to 2020

According to the Bureau of Labor Statistics consumer price index, today's prices in 2020 are 3,229.73% higher than average prices since 1853. The U.S. dollar experienced an average inflation rate of 2.12% per year during this period, causing the real value of a dollar to decrease.

In other words, \$12,000,000 in 1853 is equivalent in purchasing power to about \$399,567,272.73 in 2020, a difference of \$387,567,272.73 over 167 years.

The 1853 inflation rate was 0.00%. The current year-over-year inflation rate (2019 to 2020) is now 0.33%1. If this number holds, \$12,000,000 today will be equivalent in buying power to \$12,039,491.60 next year. The current inflation rate page gives more detail on the latest official inflation rates.

 Cumulative price change 3,229.73% Average inflation rate 2.12% Converted amount (\$12,000,000 base) \$399,567,272.73 Price difference (\$12,000,000 base) \$387,567,272.73 CPI in 1853 7.700 CPI in 2020 256.389 Inflation in 1853 0.00% Inflation in 2020 0.33%

USD Inflation since 1635
Annual Rate, the Bureau of Labor Statistics CPI

## Buying power of \$12,000,000 in 1853

This chart shows a calculation of buying power equivalence for \$12,000,000 in 1853 (price index tracking began in 1635).

For example, if you started with \$12,000,000, you would need to end with \$399,567,272.73 in order to "adjust" for inflation (sometimes refered to as "beating inflation").

When \$12,000,000 is equivalent to \$399,567,272.73 over time, that means that the "real value" of a single U.S. dollar decreases over time. In other words, a dollar will pay for fewer items at the store.

This effect explains how inflation erodes the value of a dollar over time. By calculating the value in 1853 dollars, the chart below shows how \$12,000,000 is worth less over 167 years.

According to the Bureau of Labor Statistics, each of these USD amounts below is equal in terms of what it could buy at the time:

Dollar inflation: 1853-2020
Year Dollar Value Inflation Rate
1853 \$12,000,000.00 -
1854 \$13,090,909.09 9.09%
1855 \$13,558,441.56 3.57%
1856 \$13,246,753.25 -2.30%
1857 \$13,558,441.56 2.35%
1858 \$12,779,220.78 -5.75%
1859 \$12,935,064.94 1.22%
1860 \$12,935,064.94 0.00%
1861 \$13,714,285.71 6.02%
1862 \$15,740,259.74 14.77%
1863 \$19,636,363.64 24.75%
1864 \$24,467,532.47 24.60%
1865 \$25,402,597.40 3.82%
1866 \$24,779,220.78 -2.45%
1867 \$23,064,935.06 -6.92%
1868 \$22,129,870.13 -4.05%
1869 \$21,194,805.19 -4.23%
1870 \$20,415,584.42 -3.68%
1871 \$19,012,987.01 -6.87%
1872 \$19,012,987.01 0.00%
1873 \$18,701,298.70 -1.64%
1874 \$17,766,233.77 -5.00%
1875 \$17,142,857.14 -3.51%
1876 \$16,675,324.68 -2.73%
1877 \$16,363,636.36 -1.87%
1878 \$15,584,415.58 -4.76%
1879 \$15,584,415.58 0.00%
1880 \$15,896,103.90 2.00%
1881 \$15,896,103.90 0.00%
1882 \$15,896,103.90 0.00%
1883 \$15,740,259.74 -0.98%
1884 \$15,272,727.27 -2.97%
1885 \$15,116,883.12 -1.02%
1886 \$14,649,350.65 -3.09%
1887 \$14,805,194.81 1.06%
1888 \$14,805,194.81 0.00%
1889 \$14,337,662.34 -3.16%
1890 \$14,181,818.18 -1.09%
1891 \$14,181,818.18 0.00%
1892 \$14,181,818.18 0.00%
1893 \$14,025,974.03 -1.10%
1894 \$13,402,597.40 -4.44%
1895 \$13,090,909.09 -2.33%
1896 \$13,090,909.09 0.00%
1897 \$12,935,064.94 -1.19%
1898 \$12,935,064.94 0.00%
1899 \$12,935,064.94 0.00%
1900 \$13,090,909.09 1.20%
1901 \$13,246,753.25 1.19%
1902 \$13,402,597.40 1.18%
1903 \$13,714,285.71 2.33%
1904 \$13,870,129.87 1.14%
1905 \$13,714,285.71 -1.12%
1906 \$14,025,974.03 2.27%
1907 \$14,649,350.65 4.44%
1908 \$14,337,662.34 -2.13%
1909 \$14,181,818.18 -1.09%
1910 \$14,805,194.81 4.40%
1911 \$14,805,194.81 0.00%
1912 \$15,116,883.12 2.11%
1913 \$15,428,571.43 2.06%
1914 \$15,584,415.58 1.01%
1915 \$15,740,259.74 1.00%
1916 \$16,987,012.99 7.92%
1917 \$19,948,051.95 17.43%
1918 \$23,532,467.53 17.97%
1919 \$26,961,038.96 14.57%
1920 \$31,168,831.17 15.61%
1921 \$27,896,103.90 -10.50%
1922 \$26,181,818.18 -6.15%
1923 \$26,649,350.65 1.79%
1924 \$26,649,350.65 0.00%
1925 \$27,272,727.27 2.34%
1926 \$27,584,415.58 1.14%
1927 \$27,116,883.12 -1.69%
1928 \$26,649,350.65 -1.72%
1929 \$26,649,350.65 0.00%
1930 \$26,025,974.03 -2.34%
1931 \$23,688,311.69 -8.98%
1932 \$21,350,649.35 -9.87%
1933 \$20,259,740.26 -5.11%
1934 \$20,883,116.88 3.08%
1935 \$21,350,649.35 2.24%
1936 \$21,662,337.66 1.46%
1937 \$22,441,558.44 3.60%
1938 \$21,974,025.97 -2.08%
1939 \$21,662,337.66 -1.42%
1940 \$21,818,181.82 0.72%
1941 \$22,909,090.91 5.00%
1942 \$25,402,597.40 10.88%
1943 \$26,961,038.96 6.13%
1944 \$27,428,571.43 1.73%
1945 \$28,051,948.05 2.27%
1946 \$30,389,610.39 8.33%
1947 \$34,753,246.75 14.36%
1948 \$37,558,441.56 8.07%
1949 \$37,090,909.09 -1.24%
1950 \$37,558,441.56 1.26%
1951 \$40,519,480.52 7.88%
1952 \$41,298,701.30 1.92%
1953 \$41,610,389.61 0.75%
1954 \$41,922,077.92 0.75%
1955 \$41,766,233.77 -0.37%
1956 \$42,389,610.39 1.49%
1957 \$43,792,207.79 3.31%
1958 \$45,038,961.04 2.85%
1959 \$45,350,649.35 0.69%
1960 \$46,129,870.13 1.72%
1961 \$46,597,402.60 1.01%
1962 \$47,064,935.06 1.00%
1963 \$47,688,311.69 1.32%
1964 \$48,311,688.31 1.31%
1965 \$49,090,909.09 1.61%
1966 \$50,493,506.49 2.86%
1967 \$52,051,948.05 3.09%
1968 \$54,233,766.23 4.19%
1969 \$57,194,805.19 5.46%
1970 \$60,467,532.47 5.72%
1971 \$63,116,883.12 4.38%
1972 \$65,142,857.14 3.21%
1973 \$69,194,805.19 6.22%
1974 \$76,831,168.83 11.04%
1975 \$83,844,155.84 9.13%
1976 \$88,675,324.68 5.76%
1977 \$94,441,558.44 6.50%
1978 \$101,610,389.61 7.59%
1979 \$113,142,857.14 11.35%
1980 \$128,415,584.42 13.50%
1981 \$141,662,337.66 10.32%
1982 \$150,389,610.39 6.16%
1983 \$155,220,779.22 3.21%
1984 \$161,922,077.92 4.32%
1985 \$167,688,311.69 3.56%
1986 \$170,805,194.81 1.86%
1987 \$177,038,961.04 3.65%
1988 \$184,363,636.36 4.14%
1989 \$193,246,753.25 4.82%
1990 \$203,688,311.69 5.40%
1991 \$212,259,740.26 4.21%
1992 \$218,649,350.65 3.01%
1993 \$225,194,805.19 2.99%
1994 \$230,961,038.96 2.56%
1995 \$237,506,493.51 2.83%
1996 \$244,519,480.52 2.95%
1997 \$250,129,870.13 2.29%
1998 \$254,025,974.03 1.56%
1999 \$259,636,363.64 2.21%
2000 \$268,363,636.36 3.36%
2001 \$276,000,000.00 2.85%
2002 \$280,363,636.36 1.58%
2003 \$286,753,246.75 2.28%
2004 \$294,389,610.39 2.66%
2005 \$304,363,636.36 3.39%
2006 \$314,181,818.18 3.23%
2007 \$323,130,389.61 2.85%
2008 \$335,537,142.86 3.84%
2009 \$334,343,376.62 -0.36%
2010 \$339,827,532.47 1.64%
2011 \$350,554,285.71 3.16%
2012 \$357,808,831.17 2.07%
2013 \$363,049,870.13 1.46%
2014 \$368,939,220.78 1.62%
2015 \$369,377,142.86 0.12%
2016 \$374,036,883.12 1.26%
2017 \$382,005,194.81 2.13%
2018 \$391,527,272.73 2.49%
2019 \$398,427,272.73 1.76%
2020 \$399,567,272.73 0.29%*
* Compared to previous annual rate. Not final. See inflation summary for latest 12-month trailing value.
Click to show 161 more rows

This conversion table shows various other 1853 amounts in today's dollars, based on the 3,229.73% change in prices:

Conversion Table: Value of a dollar today
Initial value Equivalent value
\$1 dollar in 1853 \$33.30 dollars today
\$5 dollars in 1853 \$166.49 dollars today
\$10 dollars in 1853 \$332.97 dollars today
\$50 dollars in 1853 \$1,664.86 dollars today
\$100 dollars in 1853 \$3,329.73 dollars today
\$500 dollars in 1853 \$16,648.64 dollars today
\$1,000 dollars in 1853 \$33,297.27 dollars today
\$5,000 dollars in 1853 \$166,486.36 dollars today
\$10,000 dollars in 1853 \$332,972.73 dollars today
\$50,000 dollars in 1853 \$1,664,863.64 dollars today
\$100,000 dollars in 1853 \$3,329,727.27 dollars today
\$500,000 dollars in 1853 \$16,648,636.36 dollars today
\$1,000,000 dollars in 1853 \$33,297,272.73 dollars today

## Inflation by Country

Inflation can also vary widely by country. For comparison, in the UK £12,000,000.00 in 1853 would be equivalent to £1,534,710,149.33 in 2020, an absolute change of £1,522,710,149.33 and a cumulative change of 12,689.25%.

Compare these numbers to the US's overall absolute change of \$387,567,272.73 and total percent change of 3,229.73%.

## Inflation by Spending Category

CPI is the weighted combination of many categories of spending that are tracked by the government. Breaking down these categories helps explain the main drivers behind price changes. This chart shows the average rate of inflation for select CPI categories between 1853 and 2020.

Compare these values to the overall average of 2.12% per year:

Category Avg Inflation (%) Total Inflation (%) \$12,000,000 in 1853 → 2020
Food and beverages 3.87 57,064.16 6,859,698,845.80
Housing 4.18 93,679.97 11,253,595,894.72
Apparel 1.98 2,557.90 318,948,013.68
Transportation 3.18 18,579.58 2,241,549,279.84
Medical care 5.11 409,243.03 49,121,163,119.27
Recreation 1.09 515.23 73,827,615.27
Education and communication 1.82 1,939.10 244,692,365.38
Other goods and services 4.98 333,573.59 40,040,830,693.90

The graph below compares inflation in categories of goods over time. Click on a category such as "Food" to toggle it on or off:

For all these visualizations, it's important to note that not all categories may have been tracked since 1853. This table and charts use the earliest available data for each category.

## How to Calculate Inflation Rate for \$12,000,000 since 1853

Our calculations use the following inflation rate formula to calculate the change in value between 1853 and today:

CPI today CPI in 1853
×
1853 USD value
=
Today's value

Then plug in historical CPI values. The U.S. CPI was 7.7 in the year 1853 and 256.389 in 2020:

256.3897.7
×
\$12,000,000
=
\$399,567,272.73

\$12,000,000 in 1853 has the same "purchasing power" or "buying power" as \$399,567,272.73 in 2020.

To get the total inflation rate for the 167 years between 1853 and 2020, we use the following formula:

CPI in 2020 - CPI in 1853CPI in 1853
×
100
=
Cumulative inflation rate (167 years)

Plugging in the values to this equation, we get:

256.389 - 7.77.7
×
100
=
3,230%

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

• United States gains several new territories, now known as southern Arizona and New Mexico, after Gadsden Purchase worth \$10 million, which was signed by President Franklin Pierce
• Japan opens itself to Western influence and trade after Commodore Matthew C Perry sails his frigate into Tokyo Bay.
• Train wreck of US President-elect Franklin Pierce and his family in Massachusetts.
• John Wilkes Booth is baptized at St. Timothy Protestant Episcopal Church.

## Data Source & Citation

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: “\$12,000,000 in 1853 → 2020 | Inflation Calculator.” Official Inflation Data, Alioth Finance, 21 May. 2020, https://www.officialdata.org/us/inflation/1853?amount=12000000.