$450,000,000 in 1862 → $10,693,381,188.12 in 2016

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U.S. Inflation Rate, $450,000,000 in 1862 to 2016

According to the Bureau of Labor Statistics consumer price index, prices in 2016 are 2,276.31% higher than prices in 1862. The dollar experienced an average inflation rate of 2.08% per year during this period.

In other words, $450,000,000 in 1862 is equivalent in purchasing power to $10,693,381,188.12 in 2016, a difference of $10,243,381,188.12 over 154 years.

The 1862 inflation rate was 14.77%. The inflation rate in 2016 was 1.26%. The 2016 inflation rate is lower compared to the average inflation rate of 2.50% per year between 2016 and 2018.


Inflation from 1862 to 2016
Cumulative price change 2276.31%
Average inflation rate 2.08%
Converted amount ($450,000,000 base) $10,693,381,188.12
Price difference ($450,000,000 base) $10,243,381,188.12
CPI in 1862 10.1
CPI in 2016 240.007
Inflation in 1862 14.77%
Inflation in 2016 1.26%


U.S. inflation chart since 1665


Buying power of $450,000,000 since 1862

This chart shows calculations of buying power equivalence over time for $450,000,000 in 1862 (price index tracking began in 1635).

According to the Bureau of Labor Statistics, each of these USD amounts below is equal in terms of what it could buy at the time:

Year USD Value Inflation Rate
1862 $450,000,000.00 14.77%
1863 $561,386,138.61 24.75%
1864 $699,504,950.50 24.60%
1865 $726,237,623.76 3.82%
1866 $708,415,841.58 -2.45%
1867 $659,405,940.59 -6.92%
1868 $632,673,267.33 -4.05%
1869 $605,940,594.06 -4.23%
1870 $583,663,366.34 -3.68%
1871 $543,564,356.44 -6.87%
1872 $543,564,356.44 0.00%
1873 $534,653,465.35 -1.64%
1874 $507,920,792.08 -5.00%
1875 $490,099,009.90 -3.51%
1876 $476,732,673.27 -2.73%
1877 $467,821,782.18 -1.87%
1878 $445,544,554.46 -4.76%
1879 $445,544,554.46 0.00%
1880 $454,455,445.54 2.00%
1881 $454,455,445.54 0.00%
1882 $454,455,445.54 0.00%
1883 $450,000,000.00 -0.98%
1884 $436,633,663.37 -2.97%
1885 $432,178,217.82 -1.02%
1886 $418,811,881.19 -3.09%
1887 $423,267,326.73 1.06%
1888 $423,267,326.73 0.00%
1889 $409,900,990.10 -3.16%
1890 $405,445,544.55 -1.09%
1891 $405,445,544.55 0.00%
1892 $405,445,544.55 0.00%
1893 $400,990,099.01 -1.10%
1894 $383,168,316.83 -4.44%
1895 $374,257,425.74 -2.33%
1896 $374,257,425.74 0.00%
1897 $369,801,980.20 -1.19%
1898 $369,801,980.20 0.00%
1899 $369,801,980.20 0.00%
1900 $374,257,425.74 1.20%
1901 $378,712,871.29 1.19%
1902 $383,168,316.83 1.18%
1903 $392,079,207.92 2.33%
1904 $396,534,653.47 1.14%
1905 $392,079,207.92 -1.12%
1906 $400,990,099.01 2.27%
1907 $418,811,881.19 4.44%
1908 $409,900,990.10 -2.13%
1909 $405,445,544.55 -1.09%
1910 $423,267,326.73 4.40%
1911 $423,267,326.73 0.00%
1912 $432,178,217.82 2.11%
1913 $441,089,108.91 2.06%
1914 $445,544,554.46 1.01%
1915 $450,000,000.00 1.00%
1916 $485,643,564.36 7.92%
1917 $570,297,029.70 17.43%
1918 $672,772,277.23 17.97%
1919 $770,792,079.21 14.57%
1920 $891,089,108.91 15.61%
1921 $797,524,752.48 -10.50%
1922 $748,514,851.49 -6.15%
1923 $761,881,188.12 1.79%
1924 $761,881,188.12 0.00%
1925 $779,702,970.30 2.34%
1926 $788,613,861.39 1.14%
1927 $775,247,524.75 -1.69%
1928 $761,881,188.12 -1.72%
1929 $761,881,188.12 0.00%
1930 $744,059,405.94 -2.34%
1931 $677,227,722.77 -8.98%
1932 $610,396,039.60 -9.87%
1933 $579,207,920.79 -5.11%
1934 $597,029,702.97 3.08%
1935 $610,396,039.60 2.24%
1936 $619,306,930.69 1.46%
1937 $641,584,158.42 3.60%
1938 $628,217,821.78 -2.08%
1939 $619,306,930.69 -1.42%
1940 $623,762,376.24 0.72%
1941 $654,950,495.05 5.00%
1942 $726,237,623.76 10.88%
1943 $770,792,079.21 6.13%
1944 $784,158,415.84 1.73%
1945 $801,980,198.02 2.27%
1946 $868,811,881.19 8.33%
1947 $993,564,356.44 14.36%
1948 $1,073,762,376.24 8.07%
1949 $1,060,396,039.60 -1.24%
1950 $1,073,762,376.24 1.26%
1951 $1,158,415,841.58 7.88%
1952 $1,180,693,069.31 1.92%
1953 $1,189,603,960.40 0.75%
1954 $1,198,514,851.49 0.75%
1955 $1,194,059,405.94 -0.37%
1956 $1,211,881,188.12 1.49%
1957 $1,251,980,198.02 3.31%
1958 $1,287,623,762.38 2.85%
1959 $1,296,534,653.47 0.69%
1960 $1,318,811,881.19 1.72%
1961 $1,332,178,217.82 1.01%
1962 $1,345,544,554.46 1.00%
1963 $1,363,366,336.63 1.32%
1964 $1,381,188,118.81 1.31%
1965 $1,403,465,346.53 1.61%
1966 $1,443,564,356.44 2.86%
1967 $1,488,118,811.88 3.09%
1968 $1,550,495,049.50 4.19%
1969 $1,635,148,514.85 5.46%
1970 $1,728,712,871.29 5.72%
1971 $1,804,455,445.54 4.38%
1972 $1,862,376,237.62 3.21%
1973 $1,978,217,821.78 6.22%
1974 $2,196,534,653.47 11.04%
1975 $2,397,029,702.97 9.13%
1976 $2,535,148,514.85 5.76%
1977 $2,700,000,000.00 6.50%
1978 $2,904,950,495.05 7.59%
1979 $3,234,653,465.35 11.35%
1980 $3,671,287,128.71 13.50%
1981 $4,050,000,000.00 10.32%
1982 $4,299,504,950.50 6.16%
1983 $4,437,623,762.38 3.21%
1984 $4,629,207,920.79 4.32%
1985 $4,794,059,405.94 3.56%
1986 $4,883,168,316.83 1.86%
1987 $5,061,386,138.61 3.65%
1988 $5,270,792,079.21 4.14%
1989 $5,524,752,475.25 4.82%
1990 $5,823,267,326.73 5.40%
1991 $6,068,316,831.68 4.21%
1992 $6,250,990,099.01 3.01%
1993 $6,438,118,811.88 2.99%
1994 $6,602,970,297.03 2.56%
1995 $6,790,099,009.90 2.83%
1996 $6,990,594,059.41 2.95%
1997 $7,150,990,099.01 2.29%
1998 $7,262,376,237.62 1.56%
1999 $7,422,772,277.23 2.21%
2000 $7,672,277,227.72 3.36%
2001 $7,890,594,059.41 2.85%
2002 $8,015,346,534.65 1.58%
2003 $8,198,019,801.98 2.28%
2004 $8,416,336,633.66 2.66%
2005 $8,701,485,148.51 3.39%
2006 $8,982,178,217.82 3.23%
2007 $9,238,009,900.99 2.85%
2008 $9,592,707,920.79 3.84%
2009 $9,558,579,207.92 -0.36%
2010 $9,715,366,336.63 1.64%
2011 $10,022,034,653.47 3.16%
2012 $10,229,435,643.56 2.07%
2013 $10,379,272,277.23 1.46%
2014 $10,547,643,564.36 1.62%
2015 $10,560,163,366.34 0.12%
2016 $10,693,381,188.12 1.26%
2017 $10,921,188,118.81 2.13%
2018 $11,234,227,722.77 2.87%*
* Compared to previous annual rate. Not final. See inflation summary for latest 12-month trailing value.

Inflation by Country

Inflation can also vary widely by country. For comparison, in the UK £450,000,000.00 in 1862 would be equivalent to £50,193,870,967.74 in 2016, an absolute change of £49,743,870,967.74 and a cumulative change of 11,054.19%.

Compare these numbers to the US's overall absolute change of $10,243,381,188.12 and total percent change of 2,276.31%.


Inflation by Spending Category

CPI is the weighted combination of many categories of spending that are tracked by the government. This chart shows the average rate of inflation for select CPI categories between 1862 and 2016.

Compare these values to the overall average of 2.08% per year:

Category Avg Inflation (%) Total Inflation (%) $450,000,000 in 1862 → 2016
Food 3.17 12,195.39 55,329,271,646.50
Shelter 4.13 50,917.37 229,578,165,448.38
Energy 3.76 29,297.33 132,288,004,804.00
Apparel 2.09 2,335.06 10,957,752,396.59
New vehicles 1.14 470.13 2,565,579,309.19
Used cars and trucks 0.76 222.48 1,451,178,529.76
Transportation services 3.34 15,537.29 70,367,817,539.72
Medical care services 5.18 238,567.61 1,074,004,267,438.78
Medical care commodities 4.38 73,481.83 331,118,225,161.81

It's important to note that not all categories may be tracked since 1862. This table and visualization use the earliest available data for each category.



How to Calculate Inflation Rate for $450,000,000, 1862 to 2016

This inflation calculator uses the following inflation rate formula:

CPI in 2016CPI in 1862
×
1862 USD value
=
2016 USD value

Then plug in historical CPI values. The U.S. CPI was 10.1 in the year 1862 and 240.007 in 2016:

240.00710.1
×
$450,000,000
=
$10,693,381,188.12

$450,000,000 in 1862 has the same "purchasing power" or "buying power" as $10,693,381,188.12 in 2016.

To get the total inflation rate for the 154 years between 1862 and 2016, we use the following formula:

CPI in 2016 - CPI in 1862CPI in 1862
×
100
=
Cumulative inflation rate (154 years)

Plugging in the values to this equation, we get:

240.007 - 10.110.1
×
100
=
2,276%

News headlines from 1862

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

  • President Abraham Lincoln introduced "greenbacks", US paper currency.
  • Louis Pasteur, along with Claude Bernard, perform the first pasteurization test.
  • The US Civil War leads to New Orleans falling under Union command.
  • All United States territories outlaw slavery.

Data Source & Citation

Raw data for these calculations comes from the Bureau of Labor Statistics' (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: “$450,000,000 in 1862 → 2016 | Inflation Calculator.” U.S. Official Inflation Data, Alioth Finance, 14 Oct. 2018, https://www.officialdata.org/1862-dollars-in-2016?amount=450000000.

in2013dollars.com is a reference website maintained by the Official Data Foundation.


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