According to the Bureau of Labor Statistics consumer price index, the dollar experienced an average inflation rate of 1.76% per year. Prices in 2018 are 1351.0% higher than prices in 1865.
In other words, $3 in the year 1865 is equivalent in purchasing power to $43.53 in 2018, a difference of $40.53 over 153 years.
|Cumulative price change||1351.00%|
|Average inflation rate||1.76%|
|Price difference ($3 base)||$40.53|
|CPI in 2018||246.669|
Politics and news often influence economic performance. Here's what was happening at the time:
Raw data for these calculations comes from 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.
You may use the following MLA citation for this page: “$3 in 1865 → 2018 | Inflation Calculator.” FinanceRef Inflation Calculator, Alioth Finance, 19 Jan. 2018, http://www.in2013dollars.com/1865-dollars?amount=3.