According to the Bureau of Labor Statistics, the dollar experienced an average inflation rate of 2.06% per year. Prices in 2017 are 2913.6% higher than prices in 1850.
In other words, $50,000 in the year 1850 is equivalent to $1,506,801.93 in 2017, a difference of $1,456,801.93 over 167 years.
|Cumulative price change||2913.60%|
|Average inflation rate||2.06%|
|Price difference ($50,000 base)||$1,456,801.93|
|CPI in 2017||244.786|
Politics and news often play an important role in economic performance.
Inflation Data Source: 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.