$1 in 1850 is worth $1.05 in 1847

Value of $1 from 1850 to 1847

$1 in 1850 is equivalent in purchasing power to about $1.05 in 1847, a difference of $0.05 over 3 years. The dollar had an average deflation rate of -1.65% per year since 1847, producing a cumulative price change of 5.13%.

This means that prices in 1847 are 1.05 times as high as average prices since 1850, according to the Bureau of Labor Statistics consumer price index.

The inflation rate in 1847 was 6.49%. The inflation rate in 1850 was 1.30%. The 1850 inflation rate is lower compared to the average inflation rate of 2.14% per year between 1850 and 2024.


Inflation from 1850 to 1847
Cumulative price change5.13%
Average inflation rate-1.65%
Converted amount
$1 base
$1.05
Price difference
$1 base
$0.05
CPI in 18507.800
CPI in 18478.200
Inflation in 18476.49%
Inflation in 18501.30%
$1 in 1850$1.05 in 1847

Recent USD inflation
Annual Rate, the Bureau of Labor Statistics CPI
Download

Buying power of $1 in 1847

This chart shows a calculation of buying power equivalence for $1 in 1847 (price index tracking began in 1635).

For example, if you started with $1, you would need to end with $1.05 in order to "adjust" for inflation (sometimes refered to as "beating inflation").

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:

Dollar inflation: 1847-1850
YearDollar ValueInflation Rate
1847$1.006.49%
1848$0.96-3.66%
1849$0.94-2.53%
1850$0.951.30%
1851$0.94-1.28%
1852$0.940.00%
1853$0.940.00%
1854$1.029.09%
1855$1.063.57%
1856$1.04-2.30%
1857$1.062.35%
1858$1.00-5.75%
1859$1.011.22%
1860$1.010.00%
1861$1.076.02%
1862$1.2314.77%
1863$1.5424.75%
1864$1.9124.60%
1865$1.993.82%
1866$1.94-2.45%
1867$1.80-6.92%
1868$1.73-4.05%
1869$1.66-4.23%
1870$1.60-3.68%
1871$1.49-6.87%
1872$1.490.00%
1873$1.46-1.64%
1874$1.39-5.00%
1875$1.34-3.51%
1876$1.30-2.73%
1877$1.28-1.87%
1878$1.22-4.76%
1879$1.220.00%
1880$1.242.00%
1881$1.240.00%
1882$1.240.00%
1883$1.23-0.98%
1884$1.20-2.97%
1885$1.18-1.02%
1886$1.15-3.09%
1887$1.161.06%
1888$1.160.00%
1889$1.12-3.16%
1890$1.11-1.09%
1891$1.110.00%
1892$1.110.00%
1893$1.10-1.10%
1894$1.05-4.44%
1895$1.02-2.33%
1896$1.020.00%
1897$1.01-1.19%
1898$1.010.00%
1899$1.010.00%
1900$1.021.20%
1901$1.041.19%
1902$1.051.18%
1903$1.072.33%
1904$1.091.14%
1905$1.07-1.12%
1906$1.102.27%
1907$1.154.44%
1908$1.12-2.13%
1909$1.11-1.09%
1910$1.164.40%
1911$1.160.00%
1912$1.182.11%
1913$1.212.06%
1914$1.221.01%
1915$1.231.00%
1916$1.337.92%
1917$1.5617.43%
1918$1.8417.97%
1919$2.1114.57%
1920$2.4415.61%
1921$2.18-10.50%
1922$2.05-6.15%
1923$2.091.79%
1924$2.090.00%
1925$2.132.34%
1926$2.161.14%
1927$2.12-1.69%
1928$2.09-1.72%
1929$2.090.00%
1930$2.04-2.34%
1931$1.85-8.98%
1932$1.67-9.87%
1933$1.59-5.11%
1934$1.633.08%
1935$1.672.24%
1936$1.701.46%
1937$1.763.60%
1938$1.72-2.08%
1939$1.70-1.42%
1940$1.710.72%
1941$1.795.00%
1942$1.9910.88%
1943$2.116.13%
1944$2.151.73%
1945$2.202.27%
1946$2.388.33%
1947$2.7214.36%
1948$2.948.07%
1949$2.90-1.24%
1950$2.941.26%
1951$3.177.88%
1952$3.231.92%
1953$3.260.75%
1954$3.280.75%
1955$3.27-0.37%
1956$3.321.49%
1957$3.433.31%
1958$3.522.85%
1959$3.550.69%
1960$3.611.72%
1961$3.651.01%
1962$3.681.00%
1963$3.731.32%
1964$3.781.31%
1965$3.841.61%
1966$3.952.86%
1967$4.073.09%
1968$4.244.19%
1969$4.485.46%
1970$4.735.72%
1971$4.944.38%
1972$5.103.21%
1973$5.416.22%
1974$6.0111.04%
1975$6.569.13%
1976$6.945.76%
1977$7.396.50%
1978$7.957.59%
1979$8.8511.35%
1980$10.0513.50%
1981$11.0910.32%
1982$11.776.16%
1983$12.153.21%
1984$12.674.32%
1985$13.123.56%
1986$13.371.86%
1987$13.853.65%
1988$14.434.14%
1989$15.124.82%
1990$15.945.40%
1991$16.614.21%
1992$17.113.01%
1993$17.622.99%
1994$18.072.56%
1995$18.592.83%
1996$19.132.95%
1997$19.572.29%
1998$19.881.56%
1999$20.322.21%
2000$21.003.36%
2001$21.602.85%
2002$21.941.58%
2003$22.442.28%
2004$23.042.66%
2005$23.823.39%
2006$24.593.23%
2007$25.292.85%
2008$26.263.84%
2009$26.16-0.36%
2010$26.591.64%
2011$27.433.16%
2012$28.002.07%
2013$28.411.46%
2014$28.871.62%
2015$28.900.12%
2016$29.271.26%
2017$29.892.13%
2018$30.642.49%
2019$31.181.76%
2020$31.561.23%
2021$33.054.70%
2022$35.698.00%
2023$37.164.12%
2024$37.841.85%*
* Compared to previous annual rate. Not final. See inflation summary for latest 12-month trailing value.

This conversion table shows various other 1847 amounts in 1850 dollars, based on the 5.13% change in prices:

Conversion: 1847 dollars in 1850
Initial valueEquivalent value
$1 dollar in 1847$0.95 dollars in 1850
$5 dollars in 1847$4.76 dollars in 1850
$10 dollars in 1847$9.51 dollars in 1850
$50 dollars in 1847$47.56 dollars in 1850
$100 dollars in 1847$95.12 dollars in 1850
$500 dollars in 1847$475.61 dollars in 1850
$1,000 dollars in 1847$951.22 dollars in 1850
$5,000 dollars in 1847$4,756.10 dollars in 1850
$10,000 dollars in 1847$9,512.20 dollars in 1850
$50,000 dollars in 1847$47,560.98 dollars in 1850
$100,000 dollars in 1847$95,121.95 dollars in 1850
$500,000 dollars in 1847$475,609.76 dollars in 1850
$1,000,000 dollars in 1847$951,219.51 dollars in 1850

Inflation by Country

Inflation can also vary widely by country. For comparison, in the UK £1.00 in 1850 would be equivalent to £1.30 in 1847, an absolute change of £0.30 and a cumulative change of 29.76%.

Compare these numbers to the US's overall absolute change of $0.05 and total percent change of 5.13%.


Inflation by Spending Category

CPI is the weighted combination of many categories of spending that are tracked by the government. Breaking down these categories helps explain the main drivers behind price changes.

This chart shows the average rate of inflation for select CPI categories between 1850 and 1847.

Compare these values to the overall average of -1.65% per year:

CategoryAvg Inflation (%)Total Inflation (%)$1 in 1847 → 1850
Food and beverages0.000.001.00
Housing0.000.001.00
Apparel0.000.001.00
Transportation0.000.001.00
Medical care0.000.001.00
Recreation0.000.001.00
Education and communication0.000.001.00
Other goods and services0.000.001.00

The graph below compares inflation in categories of goods over time. Click on a category such as "Food" to toggle it on or off:

For all these visualizations, it's important to note that not all categories may have been tracked since 1850. This table and charts use the earliest available data for each category.



How to calculate inflation rate for $1, 1847 to 1850

Our calculations use the following inflation rate formula to calculate the change in value between 1847 and 1850:

CPI in 1847 CPI in 1850
×
1850 USD value
=
1847 USD value

Then plug in historical CPI values. The U.S. CPI was 7.8 in the year 1850 and 8.2 in 1847:

8.27.8
×
$1
=
$1.05

$1 in 1850 has the same "purchasing power" or "buying power" as $1.05 in 1847.

To get the total inflation rate for the 3 years between 1847 and 1850, we use the following formula:

CPI in 1847 - CPI in 1850CPI in 1850
×
100
=
Cumulative inflation rate (3 years)

Plugging in the values to this equation, we get:

8.2 - 7.87.8
×
100
=
5%

Data source & citation

Raw data for these calculations comes from the Bureau of Labor Statistics' (CPI), established in 1913. Price index data from 1774 to 1912 is sourced from a historical study conducted by political science professor Robert Sahr at Oregon State University and from the American Antiquarian Society. Price index data from 1634 to 1773 is from the American Antiquarian Society, using British pound equivalents.

You may use the following MLA citation for this page: “$1 in 1850 → 1847 | Inflation Calculator.” Official Inflation Data, Alioth Finance, 28 Mar. 2024, https://www.officialdata.org/1850-dollars-in-1847?amount=1.

Special thanks to QuickChart for their chart image API, which is used for chart downloads.

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


Ian Webster

About the author

Ian Webster is an engineer and data expert based in San Mateo, California. He has worked for Google, NASA, and consulted for governments around the world on data pipelines and data analysis. Disappointed by the lack of clear resources on the impacts of inflation on economic indicators, Ian believes this website serves as a valuable public tool. Ian earned his degree in Computer Science from Dartmouth College.

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Inflation from 1850 to 1847
Cumulative price change5.13%
Average inflation rate-1.65%
Converted amount
$1 base
$1.05
Price difference
$1 base
$0.05
CPI in 18507.800
CPI in 18478.200
Inflation in 18476.49%
Inflation in 18501.30%
$1 in 1850$1.05 in 1847