Inflation Calculator
U.S. Inflation Rate, 1867-2015 ($7,200,000)
According to the Bureau of Labor Statistics consumer price index, the dollar experienced an average inflation rate of 1.86% per year. Prices in 2015 are 1430.1% higher than prices in 1867.
In other words, $7,200,000 in the year 1867 is equivalent in purchasing power to $110,170,718.80 in 2015, a difference of $102,970,718.80 over 148 years.
The inflation rate in 2015 was 0.12%.
| Cumulative price change | 1430.15% |
| Average inflation rate | 1.86% |
| Price difference ($7,200,000 base) | $102,970,718.80 |
| CPI in 2015 | 237.017 |
Inflation rates for specific categories
Legal services · Indoor plants and flowers · Medical care · MoreNews headlines from 1867
Politics and news often influence economic performance. Here's what was happening at the time:
- The House of Commons passes the British North America Act, which later serves as Canada's constitution.
- Joseph Lister, publishes an article in The Lancet, outlining the discovery of antiseptic surgery.
- Russia sells Alaska to the United States for total of $7,200,000, or 2 cents/acre.
- Karl Marx Publishes ‘Das Kapital’.
Inflation Data Source
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: “$7,200,000 in 1867 → 2015 | Inflation Calculator.” FinanceRef Inflation Calculator, Alioth Finance, 22 Apr. 2018, http://www.in2013dollars.com/1867-dollars-in-2015?amount=7200000.