According to the Bureau of Labor Statistics consumer price index, the dollar experienced an average inflation rate of 2.15% per year. Prices in 2018 are 2765.3% higher than prices in 1860.
In other words, $1.50 in the year 1860 is equivalent in purchasing power to $42.98 in 2018, a difference of $41.48 over 158 years.
|Cumulative price change||2765.33%|
|Average inflation rate||2.15%|
|Price difference ($1.50 base)||$41.48|
|CPI in 2018||248.991|
Politics and news often influence economic performance. Here's what was happening at the time:
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 → 2018 | Inflation Calculator.” FinanceRef Inflation Calculator, Alioth Finance, 13 Mar. 2018, http://www.in2013dollars.com/1860-dollars-in-2017?amount=1.50.