According to the Bureau of Labor Statistics consumer price index, prices in 1834 are 2.27% lower than average prices throughout 1835. The dollar experienced an average inflation rate of 2.33% per year during this period, meaning the real value of a dollar decreased.
In other words, $1 in 1835 is equivalent in purchasing power to about $0.98 in 1834.
The 1834 inflation rate was 2.38%. The inflation rate in 1835 was 2.33%. The 1835 inflation rate is higher compared to the average inflation rate of 1.85% per year between 1835 and 2019.
|Average inflation rate||2.33%|
|Converted amount ($1 base)||$0.98|
|Price difference ($1 base)||$-0.02|
|CPI in 1835||8.800|
|CPI in 1834||8.600|
|Inflation in 1834||2.38%|
|Inflation in 1835||2.33%|
Inflation can also vary widely by country. For comparison, in the UK £1.00 in 1835 would be equivalent to £0.98 in 1834, an absolute change of £-0.02 and a cumulative change of -2.25%.
Compare these numbers to the US's overall absolute change of $-0.02 and total percent change of -2.27%.
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 1835 and 1834.
Compare these values to the overall average of 2.33% per year:
|Category||Avg Inflation (%)||Total Inflation (%)||$1 in 1834 → 1835|
|Used cars and trucks||0.00||0.00||1.00|
|Medical care services||0.00||0.00||1.00|
|Medical care commodities||0.00||0.00||1.00|
It's important to note that not all categories may be tracked since 1835. This table and visualization use the earliest available data for each category.
This inflation calculator uses the following inflation rate formula:
Then plug in historical CPI values. The U.S. CPI was 8.8 in the year 1835 and 8.6 in 1834:
$1 in 1835 has the same "purchasing power" or "buying power" as $0.98 in 1834.
To get the total inflation rate for the 1 years between 1834 and 1835, we use the following formula:
Plugging in the values to this equation, we get:
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: “$1 in 1835 → 1834 | Inflation Calculator.” U.S. Official Inflation Data, Alioth Finance, 26 May. 2019, https://www.officialdata.org/1835-dollars-in-1834?amount=1.
Special thanks to QuickChart for providing downloadable chart images.
in2013dollars.com is a reference website maintained by the Official Data Foundation.