$450,000,000 in 1862 → $10,209,781,252.36 in 2016

U.S. Inflation Rate, 1862-2016 ($450,000,000)

According to the Bureau of Labor Statistics consumer price index, 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 in purchasing power 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%.

Inflation from 1862 to 2016
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

U.S. inflation chart since 1665

Inflation rates for specific categories

Fish and seafood · Electricity · Bananas · More

Inflation-adjusted measures

S&P 500 price · S&P 500 earnings · Shiller P/E

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.

Inflation Data Source

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.” FinanceRef Inflation Calculator, Alioth Finance, 17 Apr. 2018, http://www.in2013dollars.com/1862-dollars-in-2016?amount=450000000.

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