According to the Bureau of Labor Statistics, the dollar experienced an average inflation rate of 2.05% per year. Prices in 2016 are 2168.8% higher than prices in 1862.
In other words, $450,000,000 in the year 1862 is equivalent to $10,209,781,252.36 in 2016, a difference of $9,759,781,252.36 over 154 years.
The inflation rate in 2016 was 1.26%.
|Cumulative price change||2168.84%|
|Average inflation rate||2.05%|
|Price difference ($450,000,000 base)||$9,759,781,252.36|
|CPI in 2016||240.007|
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.