The U.S. dollar experienced an average inflation rate of 1.73% per year between 1829 and 2016. $58,000,000 in the year 1829 is worth $1,444,939,847.83 in 2016, a 2391.3% increase in prices.
The inflation rate in 2016 was 1.26%.
Politics and news often play an important role in economic performance.
Inflation Data Source: The Bureau of Labor Statistics' annual 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.