According to the Bureau of Labor Statistics consumer price index, the dollar experienced an average inflation rate of 2.00% per year. Prices in 2017 are 3060.6% higher than prices in 1843.
In other words, $195 in the year 1843 is equivalent in purchasing power to $6,163.19 in 2017, a difference of $5,968.19 over 174 years.
The inflation rate in 2017 was 1.99%.
|Cumulative price change||3060.61%|
|Average inflation rate||2.00%|
|Price difference ($195 base)||$5,968.19|
|CPI in 2017||244.786|
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: “$195 in 1843 → 2017 | Inflation Calculator.” FinanceRef Inflation Calculator, Alioth Finance, 17 Jan. 2018, http://www.in2013dollars.com/1843-dollars-in-2017?amount=195.