According to the Bureau of Labor Statistics consumer price index, the dollar experienced an average inflation rate of 1.74% per year. Prices in 2016 are 2391.3% higher than prices in 1830.
In other words, $100 in the year 1830 is equivalent in purchasing power to $2,491.28 in 2016, a difference of $2,391.28 over 186 years.
The inflation rate in 2016 was 1.26%.
|Cumulative price change||2391.28%|
|Average inflation rate||1.74%|
|Price difference ($100 base)||$2,391.28|
|CPI in 2016||240.007|
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: “1830 dollars in 2016 | Inflation Calculator.” FinanceRef Inflation Calculator, Alioth Finance, 17 Jan. 2018, http://www.in2013dollars.com/1830-dollars-in-2016.