$404 in 1834 → $11,134.29 in 2015

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$404 in 1834 → $11,134.29 in 2015

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U.S. Inflation Rate, $404 in 1834 to 2015

According to the Bureau of Labor Statistics consumer price index, prices in 2015 are 2,656.01% higher than average prices throughout 1834. The dollar experienced an average inflation rate of 1.85% per year during this period, meaning the real value of a dollar decreased.

In other words, $404 in 1834 is equivalent in purchasing power to about $11,134.29 in 2015, a difference of $10,730.29 over 181 years.

The 1834 inflation rate was 2.38%. The inflation rate in 2015 was 0.12%. The 2015 inflation rate is lower compared to the average inflation rate of 2.00% per year between 2015 and 2019.


Inflation from 1834 to 2015
Cumulative price change 2,656.01%
Average inflation rate 1.85%
Converted amount ($404 base) $11,134.29
Price difference ($404 base) $10,730.29
CPI in 1834 8.600
CPI in 2015 237.017
Inflation in 1834 2.38%
Inflation in 2015 0.12%

U.S. inflation chart since 1665


Buying power of $404 in 1834

This chart shows calculation of buying power equivalence, often referred to as "the value of a dollar" over time for $404 in 1834 (price index tracking began in 1635).

According to the Bureau of Labor Statistics, each of these USD amounts below is equal in terms of what it could buy at the time:

Year Dollar Value Inflation Rate
1834 $404.00 2.38%
1835 $413.40 2.33%
1836 $436.88 5.68%
1837 $450.98 3.23%
1838 $436.88 -3.12%
1839 $436.88 0.00%
1840 $408.70 -6.45%
1841 $408.70 0.00%
1842 $385.21 -5.75%
1843 $347.63 -9.76%
1844 $352.33 1.35%
1845 $357.02 1.33%
1846 $361.72 1.32%
1847 $385.21 6.49%
1848 $371.12 -3.66%
1849 $361.72 -2.53%
1850 $366.42 1.30%
1851 $361.72 -1.28%
1852 $361.72 0.00%
1853 $361.72 0.00%
1854 $394.60 9.09%
1855 $408.70 3.57%
1856 $399.30 -2.30%
1857 $408.70 2.35%
1858 $385.21 -5.75%
1859 $389.91 1.22%
1860 $389.91 0.00%
1861 $413.40 6.02%
1862 $474.47 14.77%
1863 $591.91 24.75%
1864 $737.53 24.60%
1865 $765.72 3.82%
1866 $746.93 -2.45%
1867 $695.26 -6.92%
1868 $667.07 -4.05%
1869 $638.88 -4.23%
1870 $615.40 -3.68%
1871 $573.12 -6.87%
1872 $573.12 0.00%
1873 $563.72 -1.64%
1874 $535.53 -5.00%
1875 $516.74 -3.51%
1876 $502.65 -2.73%
1877 $493.26 -1.87%
1878 $469.77 -4.76%
1879 $469.77 0.00%
1880 $479.16 2.00%
1881 $479.16 0.00%
1882 $479.16 0.00%
1883 $474.47 -0.98%
1884 $460.37 -2.97%
1885 $455.67 -1.02%
1886 $441.58 -3.09%
1887 $446.28 1.06%
1888 $446.28 0.00%
1889 $432.19 -3.16%
1890 $427.49 -1.09%
1891 $427.49 0.00%
1892 $427.49 0.00%
1893 $422.79 -1.10%
1894 $404.00 -4.44%
1895 $394.60 -2.33%
1896 $394.60 0.00%
1897 $389.91 -1.19%
1898 $389.91 0.00%
1899 $389.91 0.00%
1900 $394.60 1.20%
1901 $399.30 1.19%
1902 $404.00 1.18%
1903 $413.40 2.33%
1904 $418.09 1.14%
1905 $413.40 -1.12%
1906 $422.79 2.27%
1907 $441.58 4.44%
1908 $432.19 -2.13%
1909 $427.49 -1.09%
1910 $446.28 4.40%
1911 $446.28 0.00%
1912 $455.67 2.11%
1913 $465.07 2.06%
1914 $469.77 1.01%
1915 $474.47 1.00%
1916 $512.05 7.92%
1917 $601.30 17.43%
1918 $709.35 17.97%
1919 $812.70 14.57%
1920 $939.53 15.61%
1921 $840.88 -10.50%
1922 $789.21 -6.15%
1923 $803.30 1.79%
1924 $803.30 0.00%
1925 $822.09 2.34%
1926 $831.49 1.14%
1927 $817.40 -1.69%
1928 $803.30 -1.72%
1929 $803.30 0.00%
1930 $784.51 -2.34%
1931 $714.05 -8.98%
1932 $643.58 -9.87%
1933 $610.70 -5.11%
1934 $629.49 3.08%
1935 $643.58 2.24%
1936 $652.98 1.46%
1937 $676.47 3.60%
1938 $662.37 -2.08%
1939 $652.98 -1.42%
1940 $657.67 0.72%
1941 $690.56 5.00%
1942 $765.72 10.88%
1943 $812.70 6.13%
1944 $826.79 1.73%
1945 $845.58 2.27%
1946 $916.05 8.33%
1947 $1,047.58 14.36%
1948 $1,132.14 8.07%
1949 $1,118.05 -1.24%
1950 $1,132.14 1.26%
1951 $1,221.40 7.88%
1952 $1,244.88 1.92%
1953 $1,254.28 0.75%
1954 $1,263.67 0.75%
1955 $1,258.98 -0.37%
1956 $1,277.77 1.49%
1957 $1,320.05 3.31%
1958 $1,357.63 2.85%
1959 $1,367.02 0.69%
1960 $1,390.51 1.72%
1961 $1,404.60 1.01%
1962 $1,418.70 1.00%
1963 $1,437.49 1.32%
1964 $1,456.28 1.31%
1965 $1,479.77 1.61%
1966 $1,522.05 2.86%
1967 $1,569.02 3.09%
1968 $1,634.79 4.19%
1969 $1,724.05 5.46%
1970 $1,822.70 5.72%
1971 $1,902.56 4.38%
1972 $1,963.63 3.21%
1973 $2,085.77 6.22%
1974 $2,315.95 11.04%
1975 $2,527.35 9.13%
1976 $2,672.98 5.76%
1977 $2,846.79 6.50%
1978 $3,062.88 7.59%
1979 $3,410.51 11.35%
1980 $3,870.88 13.50%
1981 $4,270.19 10.32%
1982 $4,533.26 6.16%
1983 $4,678.88 3.21%
1984 $4,880.88 4.32%
1985 $5,054.70 3.56%
1986 $5,148.65 1.86%
1987 $5,336.56 3.65%
1988 $5,557.35 4.14%
1989 $5,825.12 4.82%
1990 $6,139.86 5.40%
1991 $6,398.23 4.21%
1992 $6,590.84 3.01%
1993 $6,788.14 2.99%
1994 $6,961.95 2.56%
1995 $7,159.26 2.83%
1996 $7,370.65 2.95%
1997 $7,539.77 2.29%
1998 $7,657.21 1.56%
1999 $7,826.33 2.21%
2000 $8,089.40 3.36%
2001 $8,319.58 2.85%
2002 $8,451.12 1.58%
2003 $8,643.72 2.28%
2004 $8,873.91 2.66%
2005 $9,174.56 3.39%
2006 $9,470.51 3.23%
2007 $9,740.25 2.85%
2008 $10,114.23 3.84%
2009 $10,078.25 -0.36%
2010 $10,243.56 1.64%
2011 $10,566.90 3.16%
2012 $10,785.58 2.07%
2013 $10,943.56 1.46%
2014 $11,121.09 1.62%
2015 $11,134.29 0.12%
2016 $11,274.75 1.26%
2017 $11,514.94 2.13%
2018 $11,796.18 2.44%
2019 $12,052.87 2.18%*
* Compared to previous annual rate. Not final. See inflation summary for latest 12-month trailing value.
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Inflation by Country

Inflation can also vary widely by country. For comparison, in the UK £404.00 in 1834 would be equivalent to £47,365.52 in 2015, an absolute change of £46,961.52 and a cumulative change of 11,624.14%.

Compare these numbers to the US's overall absolute change of $10,730.29 and total percent change of 2,656.01%.


Inflation by Spending Category

CPI is the weighted combination of many categories of spending that are tracked by the government. This chart shows the average rate of inflation for select CPI categories between 1834 and 2015.

Compare these values to the overall average of 1.85% per year:

Category Avg Inflation (%) Total Inflation (%) $404 in 1834 → 2015
Food 3.20 29,963.38 121,456.07
Shelter 4.14 155,306.86 627,843.71
Energy 3.95 110,018.57 444,879.03
Apparel 2.11 4,312.67 17,827.18
New vehicles 1.17 719.10 3,309.15
Used cars and trucks 0.87 378.98 1,935.07
Transportation services 4.09 140,980.06 569,963.43
Medical care services 5.20 959,276.39 3,875,880.63
Medical care commodities 3.06 23,488.77 95,298.63

It's important to note that not all categories may be tracked since 1834. This table and visualization use the earliest available data for each category.



How to Calculate Inflation Rate for $404, 1834 to 2015

This inflation calculator uses the following inflation rate formula:

CPI in 2015CPI in 1834
×
1834 USD value
=
2015 USD value

Then plug in historical CPI values. The U.S. CPI was 8.6 in the year 1834 and 237.017 in 2015:

237.0178.6
×
$404
=
$11,134.29

$404 in 1834 has the same "purchasing power" or "buying power" as $11,134.29 in 2015.

To get the total inflation rate for the 181 years between 1834 and 2015, we use the following formula:

CPI in 2015 - CPI in 1834CPI in 1834
×
100
=
Cumulative inflation rate (181 years)

Plugging in the values to this equation, we get:

237.017 - 8.68.6
×
100
=
2,656%

News headlines from 1834

Politics and news often influence economic performance. Here's what was happening at the time:

  • Slavery is abolished throughout the British Empire.
  • Stephen F. Austin is imprisoned in Mexico City.
  • President Andrew Jackson, orders the first use of United States troops for suppressing a labour dispute.

Data Source & Citation

Raw data for these calculations comes from the Bureau of Labor Statistics' (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: “$404 in 1834 → 2015 | Inflation Calculator.” U.S. Official Inflation Data, Alioth Finance, 25 Aug. 2019, https://www.officialdata.org/1834-dollars-in-2015?amount=404.

Special thanks to QuickChart for providing downloadable chart images.

in2013dollars.com is a reference website maintained by the Official Data Foundation.


» Read more about inflation and investment.

Inflation from 1834 to 2015
Cumulative price change 2,656.01%
Average inflation rate 1.85%
Converted amount ($404 base) $11,134.29
Price difference ($404 base) $10,730.29
CPI in 1834 8.600
CPI in 2015 237.017
Inflation in 1834 2.38%
Inflation in 2015 0.12%
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