According to the Bureau of Labor Statistics, the dollar experienced an average inflation rate of 2.06% per year. Prices in 2017 are 2599.5% higher than prices in 1855.

In other words, $2 in the year 1855 is equivalent to $53.99 in 2017, a difference of $51.99 over 162 years.

The
current inflation rate
in 2017 is 1.99%^{1}. If this number holds, $2 today will be equivalent to $2.04 next year.

Cumulative price change | 2599.50% |

Average inflation rate | 2.06% |

Price difference ($2 base) | $51.99 |

CPI in 2017 | 244.786 |

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

- David Livingstone visits the Victoria Falls, becoming the first European to see it.
- Henry John Temple, Third Viscount Palmerston, forms a British government.
- A train passes a railway suspension bridge at the Niagara Falls, US for the first time.
- Kerosene is patented by Abraham Gesner.

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: “$2 in 1855 → 2017 | Inflation Calculator.” FinanceRef Inflation Calculator, Alioth Education, 12 Dec. 2017, http://www.in2013dollars.com/1855-dollars?amount=2.