According to the Bureau of Labor Statistics, the dollar experienced an average inflation rate of 1.73% per year. Prices in 2016 are 2391.3% higher than prices in 1829.
In other words, $58,000,000 in the year 1829 is equivalent to $1,444,939,847.83 in 2016, a difference of $1,386,939,847.83 over 187 years.
The inflation rate in 2016 was 1.26%.
|Cumulative price change||2391.28%|
|Average inflation rate||1.73%|
|Price difference ($58,000,000 base)||$1,386,939,847.83|
|CPI in 2016||240.007|
Politics and news often play an important role in economic performance.
Inflation Data Source: 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.