$8,000 in 1850 → $251,405.13 in 2017

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$8,000 in 1850 → $251,405.13 in 2017

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U.S. Inflation Rate, $8,000 in 1850 to 2017

According to the Bureau of Labor Statistics consumer price index, prices in 2017 are 3,042.56% higher than average prices throughout 1850. The dollar experienced an average inflation rate of 2.09% per year during this period, meaning the real value of a dollar decreased.

In other words, $8,000 in 1850 is equivalent in purchasing power to about $251,405.13 in 2017, a difference of $243,405.13 over 167 years.

The 1850 inflation rate was 1.30%. The inflation rate in 2017 was 2.13%. The 2017 inflation rate is lower compared to the average inflation rate of 2.35% per year between 2017 and 2019.


Inflation from 1850 to 2017
Cumulative price change 3,042.56%
Average inflation rate 2.09%
Converted amount ($8,000 base) $251,405.13
Price difference ($8,000 base) $243,405.13
CPI in 1850 7.800
CPI in 2017 245.120
Inflation in 1850 1.30%
Inflation in 2017 2.13%

U.S. inflation chart since 1665


Buying power of $8,000 in 1850

This chart shows calculation of buying power equivalence, often referred to as "the value of a dollar" over time for $8,000 in 1850 (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
1850 $8,000.00 1.30%
1851 $7,897.44 -1.28%
1852 $7,897.44 0.00%
1853 $7,897.44 0.00%
1854 $8,615.38 9.09%
1855 $8,923.08 3.57%
1856 $8,717.95 -2.30%
1857 $8,923.08 2.35%
1858 $8,410.26 -5.75%
1859 $8,512.82 1.22%
1860 $8,512.82 0.00%
1861 $9,025.64 6.02%
1862 $10,358.97 14.77%
1863 $12,923.08 24.75%
1864 $16,102.56 24.60%
1865 $16,717.95 3.82%
1866 $16,307.69 -2.45%
1867 $15,179.49 -6.92%
1868 $14,564.10 -4.05%
1869 $13,948.72 -4.23%
1870 $13,435.90 -3.68%
1871 $12,512.82 -6.87%
1872 $12,512.82 0.00%
1873 $12,307.69 -1.64%
1874 $11,692.31 -5.00%
1875 $11,282.05 -3.51%
1876 $10,974.36 -2.73%
1877 $10,769.23 -1.87%
1878 $10,256.41 -4.76%
1879 $10,256.41 0.00%
1880 $10,461.54 2.00%
1881 $10,461.54 0.00%
1882 $10,461.54 0.00%
1883 $10,358.97 -0.98%
1884 $10,051.28 -2.97%
1885 $9,948.72 -1.02%
1886 $9,641.03 -3.09%
1887 $9,743.59 1.06%
1888 $9,743.59 0.00%
1889 $9,435.90 -3.16%
1890 $9,333.33 -1.09%
1891 $9,333.33 0.00%
1892 $9,333.33 0.00%
1893 $9,230.77 -1.10%
1894 $8,820.51 -4.44%
1895 $8,615.38 -2.33%
1896 $8,615.38 0.00%
1897 $8,512.82 -1.19%
1898 $8,512.82 0.00%
1899 $8,512.82 0.00%
1900 $8,615.38 1.20%
1901 $8,717.95 1.19%
1902 $8,820.51 1.18%
1903 $9,025.64 2.33%
1904 $9,128.21 1.14%
1905 $9,025.64 -1.12%
1906 $9,230.77 2.27%
1907 $9,641.03 4.44%
1908 $9,435.90 -2.13%
1909 $9,333.33 -1.09%
1910 $9,743.59 4.40%
1911 $9,743.59 0.00%
1912 $9,948.72 2.11%
1913 $10,153.85 2.06%
1914 $10,256.41 1.01%
1915 $10,358.97 1.00%
1916 $11,179.49 7.92%
1917 $13,128.21 17.43%
1918 $15,487.18 17.97%
1919 $17,743.59 14.57%
1920 $20,512.82 15.61%
1921 $18,358.97 -10.50%
1922 $17,230.77 -6.15%
1923 $17,538.46 1.79%
1924 $17,538.46 0.00%
1925 $17,948.72 2.34%
1926 $18,153.85 1.14%
1927 $17,846.15 -1.69%
1928 $17,538.46 -1.72%
1929 $17,538.46 0.00%
1930 $17,128.21 -2.34%
1931 $15,589.74 -8.98%
1932 $14,051.28 -9.87%
1933 $13,333.33 -5.11%
1934 $13,743.59 3.08%
1935 $14,051.28 2.24%
1936 $14,256.41 1.46%
1937 $14,769.23 3.60%
1938 $14,461.54 -2.08%
1939 $14,256.41 -1.42%
1940 $14,358.97 0.72%
1941 $15,076.92 5.00%
1942 $16,717.95 10.88%
1943 $17,743.59 6.13%
1944 $18,051.28 1.73%
1945 $18,461.54 2.27%
1946 $20,000.00 8.33%
1947 $22,871.79 14.36%
1948 $24,717.95 8.07%
1949 $24,410.26 -1.24%
1950 $24,717.95 1.26%
1951 $26,666.67 7.88%
1952 $27,179.49 1.92%
1953 $27,384.62 0.75%
1954 $27,589.74 0.75%
1955 $27,487.18 -0.37%
1956 $27,897.44 1.49%
1957 $28,820.51 3.31%
1958 $29,641.03 2.85%
1959 $29,846.15 0.69%
1960 $30,358.97 1.72%
1961 $30,666.67 1.01%
1962 $30,974.36 1.00%
1963 $31,384.62 1.32%
1964 $31,794.87 1.31%
1965 $32,307.69 1.61%
1966 $33,230.77 2.86%
1967 $34,256.41 3.09%
1968 $35,692.31 4.19%
1969 $37,641.03 5.46%
1970 $39,794.87 5.72%
1971 $41,538.46 4.38%
1972 $42,871.79 3.21%
1973 $45,538.46 6.22%
1974 $50,564.10 11.04%
1975 $55,179.49 9.13%
1976 $58,358.97 5.76%
1977 $62,153.85 6.50%
1978 $66,871.79 7.59%
1979 $74,461.54 11.35%
1980 $84,512.82 13.50%
1981 $93,230.77 10.32%
1982 $98,974.36 6.16%
1983 $102,153.85 3.21%
1984 $106,564.10 4.32%
1985 $110,358.97 3.56%
1986 $112,410.26 1.86%
1987 $116,512.82 3.65%
1988 $121,333.33 4.14%
1989 $127,179.49 4.82%
1990 $134,051.28 5.40%
1991 $139,692.31 4.21%
1992 $143,897.44 3.01%
1993 $148,205.13 2.99%
1994 $152,000.00 2.56%
1995 $156,307.69 2.83%
1996 $160,923.08 2.95%
1997 $164,615.38 2.29%
1998 $167,179.49 1.56%
1999 $170,871.79 2.21%
2000 $176,615.38 3.36%
2001 $181,641.03 2.85%
2002 $184,512.82 1.58%
2003 $188,717.95 2.28%
2004 $193,743.59 2.66%
2005 $200,307.69 3.39%
2006 $206,769.23 3.23%
2007 $212,658.46 2.85%
2008 $220,823.59 3.84%
2009 $220,037.95 -0.36%
2010 $223,647.18 1.64%
2011 $230,706.67 3.16%
2012 $235,481.03 2.07%
2013 $238,930.26 1.46%
2014 $242,806.15 1.62%
2015 $243,094.36 0.12%
2016 $246,161.03 1.26%
2017 $251,405.13 2.13%
2018 $257,545.47 2.44%
2019 $263,342.56 2.25%*
* 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 £8,000.00 in 1850 would be equivalent to £1,023,714.29 in 2017, an absolute change of £1,015,714.29 and a cumulative change of 12,696.43%.

Compare these numbers to the US's overall absolute change of $243,405.13 and total percent change of 3,042.56%.


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 1850 and 2017.

Compare these values to the overall average of 2.09% per year:

Category Avg Inflation (%) Total Inflation (%) $8,000 in 1850 → 2017
Food 3.15 17,696.53 1,423,722.32
Shelter 4.12 84,540.05 6,771,203.99
Energy 3.83 53,000.20 4,248,015.75
Apparel 2.07 2,966.85 245,348.37
New vehicles 1.09 515.87 49,269.27
Used cars and trucks 0.63 183.88 22,710.21
Transportation services 4.07 77,640.56 6,219,245.14
Medical care services 5.15 435,938.95 34,883,115.91
Medical care commodities 3.07 15,387.87 1,239,029.98

It's important to note that not all categories may be tracked since 1850. This table and visualization use the earliest available data for each category.



How to Calculate Inflation Rate for $8,000, 1850 to 2017

This inflation calculator uses the following inflation rate formula:

CPI in 2017CPI in 1850
×
1850 USD value
=
2017 USD value

Then plug in historical CPI values. The U.S. CPI was 7.8 in the year 1850 and 245.12 in 2017:

245.127.8
×
$8,000
=
$251,405.13

$8,000 in 1850 has the same "purchasing power" or "buying power" as $251,405.13 in 2017.

To get the total inflation rate for the 167 years between 1850 and 2017, we use the following formula:

CPI in 2017 - CPI in 1850CPI in 1850
×
100
=
Cumulative inflation rate (167 years)

Plugging in the values to this equation, we get:

245.12 - 7.87.8
×
100
=
3,043%

News headlines from 1850

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

  • The first National Women's Rights Convention takes place in Wocester, Massachusetts.
  • The California Exchange is opened.
  • Britain blockades Piraeus, a Greek port.
  • The HMS Investigator sets sail from Woolwich, England, becoming the first ship to explore the Northwest Passage.

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: “$8,000 in 1850 → 2017 | Inflation Calculator.” U.S. Official Inflation Data, Alioth Finance, 13 Oct. 2019, https://www.officialdata.org/1850-dollars-in-2017?amount=8000.

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 1850 to 2017
Cumulative price change 3,042.56%
Average inflation rate 2.09%
Converted amount ($8,000 base) $251,405.13
Price difference ($8,000 base) $243,405.13
CPI in 1850 7.800
CPI in 2017 245.120
Inflation in 1850 1.30%
Inflation in 2017 2.13%
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