$1 in 1865 → $15.71 in 2019

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$1 in 1865 → $15.71 in 2019

U.S. Inflation Rate, $1 in 1865 to 2019

According to the Bureau of Labor Statistics consumer price index, today's prices in 2019 are 1,471.43% higher than average prices throughout 1865. The dollar experienced an average inflation rate of 1.80% per year during this period, meaning the real value of a dollar decreased.

In other words, $1 in 1865 is equivalent in purchasing power to about $15.71 in 2019, a difference of $14.71 over 154 years.

The 1865 inflation rate was 3.82%. The current inflation rate (2018 to 2019) is now 1.65%1. If this number holds, $1 today will be equivalent in buying power to $1.02 next year. The current inflation rate page gives more detail on the latest official inflation rates.


Inflation from 1865 to 2019
Cumulative price change 1,471.43%
Average inflation rate 1.80%
Converted amount ($1 base) $15.71
Price difference ($1 base) $14.71
CPI in 1865 16.300
CPI in 2019 256.143
Inflation in 1865 3.82%
Inflation in 2019 1.65%

U.S. inflation chart since 1665


Buying power of $1 in 1865

This chart shows calculation of buying power equivalence, often referred to as "the value of a dollar" over time for $1 in 1865 (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 Dollar Value Inflation Rate
1865 $1.00 3.82%
1866 $0.98 -2.45%
1867 $0.91 -6.92%
1868 $0.87 -4.05%
1869 $0.83 -4.23%
1870 $0.80 -3.68%
1871 $0.75 -6.87%
1872 $0.75 0.00%
1873 $0.74 -1.64%
1874 $0.70 -5.00%
1875 $0.67 -3.51%
1876 $0.66 -2.73%
1877 $0.64 -1.87%
1878 $0.61 -4.76%
1879 $0.61 0.00%
1880 $0.63 2.00%
1881 $0.63 0.00%
1882 $0.63 0.00%
1883 $0.62 -0.98%
1884 $0.60 -2.97%
1885 $0.60 -1.02%
1886 $0.58 -3.09%
1887 $0.58 1.06%
1888 $0.58 0.00%
1889 $0.56 -3.16%
1890 $0.56 -1.09%
1891 $0.56 0.00%
1892 $0.56 0.00%
1893 $0.55 -1.10%
1894 $0.53 -4.44%
1895 $0.52 -2.33%
1896 $0.52 0.00%
1897 $0.51 -1.19%
1898 $0.51 0.00%
1899 $0.51 0.00%
1900 $0.52 1.20%
1901 $0.52 1.19%
1902 $0.53 1.18%
1903 $0.54 2.33%
1904 $0.55 1.14%
1905 $0.54 -1.12%
1906 $0.55 2.27%
1907 $0.58 4.44%
1908 $0.56 -2.13%
1909 $0.56 -1.09%
1910 $0.58 4.40%
1911 $0.58 0.00%
1912 $0.60 2.11%
1913 $0.61 2.06%
1914 $0.61 1.01%
1915 $0.62 1.00%
1916 $0.67 7.92%
1917 $0.79 17.43%
1918 $0.93 17.97%
1919 $1.06 14.57%
1920 $1.23 15.61%
1921 $1.10 -10.50%
1922 $1.03 -6.15%
1923 $1.05 1.79%
1924 $1.05 0.00%
1925 $1.07 2.34%
1926 $1.09 1.14%
1927 $1.07 -1.69%
1928 $1.05 -1.72%
1929 $1.05 0.00%
1930 $1.02 -2.34%
1931 $0.93 -8.98%
1932 $0.84 -9.87%
1933 $0.80 -5.11%
1934 $0.82 3.08%
1935 $0.84 2.24%
1936 $0.85 1.46%
1937 $0.88 3.60%
1938 $0.87 -2.08%
1939 $0.85 -1.42%
1940 $0.86 0.72%
1941 $0.90 5.00%
1942 $1.00 10.88%
1943 $1.06 6.13%
1944 $1.08 1.73%
1945 $1.10 2.27%
1946 $1.20 8.33%
1947 $1.37 14.36%
1948 $1.48 8.07%
1949 $1.46 -1.24%
1950 $1.48 1.26%
1951 $1.60 7.88%
1952 $1.63 1.92%
1953 $1.64 0.75%
1954 $1.65 0.75%
1955 $1.64 -0.37%
1956 $1.67 1.49%
1957 $1.72 3.31%
1958 $1.77 2.85%
1959 $1.79 0.69%
1960 $1.82 1.72%
1961 $1.83 1.01%
1962 $1.85 1.00%
1963 $1.88 1.32%
1964 $1.90 1.31%
1965 $1.93 1.61%
1966 $1.99 2.86%
1967 $2.05 3.09%
1968 $2.13 4.19%
1969 $2.25 5.46%
1970 $2.38 5.72%
1971 $2.48 4.38%
1972 $2.56 3.21%
1973 $2.72 6.22%
1974 $3.02 11.04%
1975 $3.30 9.13%
1976 $3.49 5.76%
1977 $3.72 6.50%
1978 $4.00 7.59%
1979 $4.45 11.35%
1980 $5.06 13.50%
1981 $5.58 10.32%
1982 $5.92 6.16%
1983 $6.11 3.21%
1984 $6.37 4.32%
1985 $6.60 3.56%
1986 $6.72 1.86%
1987 $6.97 3.65%
1988 $7.26 4.14%
1989 $7.61 4.82%
1990 $8.02 5.40%
1991 $8.36 4.21%
1992 $8.61 3.01%
1993 $8.87 2.99%
1994 $9.09 2.56%
1995 $9.35 2.83%
1996 $9.63 2.95%
1997 $9.85 2.29%
1998 $10.00 1.56%
1999 $10.22 2.21%
2000 $10.56 3.36%
2001 $10.87 2.85%
2002 $11.04 1.58%
2003 $11.29 2.28%
2004 $11.59 2.66%
2005 $11.98 3.39%
2006 $12.37 3.23%
2007 $12.72 2.85%
2008 $13.21 3.84%
2009 $13.16 -0.36%
2010 $13.38 1.64%
2011 $13.80 3.16%
2012 $14.09 2.07%
2013 $14.29 1.46%
2014 $14.52 1.62%
2015 $14.54 0.12%
2016 $14.72 1.26%
2017 $15.04 2.13%
2018 $15.41 2.44%
2019 $15.71 2.01%*
* Compared to previous annual rate. Not final. See inflation summary for latest 12-month trailing value.
Click to show 148 more rows

Inflation by Country

Inflation can also vary widely by country. For comparison, in the UK £1.00 in 1865 would be equivalent to £124.60 in 2019, an absolute change of £123.60 and a cumulative change of 12,360.24%.

Compare these numbers to the US's overall absolute change of $14.71 and total percent change of 1,471.43%.


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 1865 and 2019.

Compare these values to the overall average of 1.80% per year:

Category Avg Inflation (%) Total Inflation (%) $1 in 1865 → 2019
Food 3.12 11,239.45 113.39
Shelter 4.08 47,429.19 475.29
Energy 3.78 30,201.60 303.02
Apparel 2.02 2,087.54 21.88
New vehicles 1.04 393.16 4.93
Used cars and trucks 0.62 160.09 2.60
Transportation services 4.02 43,467.78 435.68
Medical care services 5.07 204,493.15 2,045.93
Medical care commodities 3.00 9,391.60 94.92

It's important to note that not all categories may be tracked since 1865. This table and visualization use the earliest available data for each category.



How to Calculate Inflation Rate for $1 since 1865

This inflation calculator uses the following inflation rate formula:

CPI in 2019CPI in 1865
×
1865 USD value
=
2019 USD value

Then plug in historical CPI values. The U.S. CPI was 16.3 in the year 1865 and 256.143 in 2019:

256.14316.3
×
$1
=
$15.71

$1 in 1865 has the same "purchasing power" or "buying power" as $15.71 in 2019.

To get the total inflation rate for the 154 years between 1865 and 2019, we use the following formula:

CPI in 2019 - CPI in 1865CPI in 1865
×
100
=
Cumulative inflation rate (154 years)

Plugging in the values to this equation, we get:

256.143 - 16.316.3
×
100
=
1,471%

News headlines from 1865

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

  • America abolishes slavery after Congress passes the 13th Amendment.
  • John Wilkes Booth assassinates President Abraham Lincoln at Ford's Theater, in Washington.
  • The New York Stock Exchange opens its first permanent headquarters at 10-12 Broad Street.
  • Columbia, South Carolina burns during the American Civil War.

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: “$1 in 1865 → 2019 | Inflation Calculator.” U.S. Official Inflation Data, Alioth Finance, 16 Jul. 2019, https://www.officialdata.org/1865-dollars?amount=1.

Special thanks to QuickChart for providing downloadable chart images.

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


» Read more about inflation and investment.

Inflation from 1865 to 2019
Cumulative price change 1,471.43%
Average inflation rate 1.80%
Converted amount ($1 base) $15.71
Price difference ($1 base) $14.71
CPI in 1865 16.300
CPI in 2019 256.143
Inflation in 1865 3.82%
Inflation in 2019 1.65%
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