According to the Bureau of Labor Statistics, the dollar experienced an average inflation rate of 2.15% per year. Prices in 2017 are 2717.1% higher than prices in 1860.
In other words, $40,000 in the year 1860 is equivalent to $1,126,825.79 in 2017, a difference of $1,086,825.79 over 157 years.
|Cumulative price change||2717.06%|
|Average inflation rate||2.15%|
|Price difference ($40,000 base)||$1,086,825.79|
|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.