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.
|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:
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.