According to the Bureau of Labor Statistics, the dollar experienced an average inflation rate of 2.15% per year. Prices in 2017 are 2717.3% higher than prices in 1860.

In other words, $1.50 in the year 1860 is equivalent to $42.26 in 2017, a difference of $40.76 over 157 years.

The
current inflation rate
in 2017 is 1.99%^{1}. If this number holds, $1.50 today will be equivalent to $1.53 next year.

Cumulative price change | 2717.33% |

Average inflation rate | 2.15% |

Price difference ($1.50 base) | $40.76 |

CPI in 2017 | 244.786 |

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

- Abraham Lincoln becomes the 16th President of the U.S.
- Slavery ends in the Dutch East Indies.

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: “$1.50 in 1860 → 2017 | Inflation Calculator.” FinanceRef Inflation Calculator, Alioth Education, 12 Dec. 2017, http://www.in2013dollars.com/1860-dollars-in-2017?amount=1.50.