According to the Bureau of Labor Statistics, the dollar experienced an average inflation rate of 2.06% per year. Prices in 2017 are 2599.7% higher than prices in 1855.
In other words, $500,000 in the year 1855 is equivalent to $13,498,433.92 in 2017, a difference of $12,998,433.92 over 162 years.
|Cumulative price change||2599.69%|
|Average inflation rate||2.06%|
|Price difference ($500,000 base)||$12,998,433.92|
|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.