According to the Bureau of Labor Statistics consumer price index, the dollar experienced an average inflation rate of 1.45% per year. Prices in 2014 are 2457.7% higher than prices in 1789.
In other words, $6 in the year 1789 is equivalent in purchasing power to $153.46 in 2014, a difference of $147.46 over 225 years.
The inflation rate in 2014 was 1.62%.
|Cumulative price change||2457.67%|
|Average inflation rate||1.45%|
|Price difference ($6 base)||$147.46|
|CPI in 2014||236.736|
Politics and news often influence economic performance. Here's what was happening at the time:
Raw data for these calculations comes from the Bureau of Labor Statistics' Consumer Price Index (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 in 1789 → 2014 | Inflation Calculator.” FinanceRef Inflation Calculator, Alioth Finance, 17 Apr. 2018, http://www.in2013dollars.com/1789-dollars-in-2014?amount=6.