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If a $1 million dollar competitions came out roughly in 1985. Would would the equivalent prize money be today?

Many thanks!

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    Try http://me$a$suringworth.com/, e.g., http://www.measuringworth.com/uscompare/relativevalue.php.2012-05-21

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The Current Value of Old Money is a useful site for this purpose.

The answer specifically to this question is approximately 2 million (depending on how you calculate it).

USA's CPI calculation is probably most relevant to you - as this measures inflation (in the US) according to the value of typical household purchases. (So, to be more precise, you might consider a different CPI that reflects relevant luxury purchases) Anyway, \2.09 million is a sensible value to choose from this table. Note that it's 2012, so you might consider adding ~2.4% for this year's CPI, giving you \$2.14 million.

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    Than$k$s everyone. I just w$a$$n$ted a rough idea of what that value might be i$n$ today's terms.2012-05-21