$2,000 in 1870 → $37,422.90 in 2017

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$2,000 in 1870 → $37,422.90 in 2017

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U.S. Inflation Rate, $2,000 in 1870 to 2017

According to the Bureau of Labor Statistics consumer price index, prices in 2017 are 1,771.15% higher than average prices throughout 1870. The dollar experienced an average inflation rate of 2.01% per year during this period, meaning the real value of a dollar decreased.

In other words, $2,000 in 1870 is equivalent in purchasing power to about $37,422.90 in 2017, a difference of $35,422.90 over 147 years.

The 1870 inflation rate was -3.68%. The inflation rate in 2017 was 2.13%. The 2017 inflation rate is lower compared to the average inflation rate of 2.46% per year between 2017 and 2019.


Inflation from 1870 to 2017
Cumulative price change 1,771.15%
Average inflation rate 2.01%
Converted amount ($2,000 base) $37,422.90
Price difference ($2,000 base) $35,422.90
CPI in 1870 13.100
CPI in 2017 245.120
Inflation in 1870 -3.68%
Inflation in 2017 2.13%

U.S. inflation chart since 1665


Buying power of $2,000 in 1870

This chart shows calculation of buying power equivalence, often referred to as "the value of a dollar" over time for $2,000 in 1870 (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
1870 $2,000.00 -3.68%
1871 $1,862.60 -6.87%
1872 $1,862.60 0.00%
1873 $1,832.06 -1.64%
1874 $1,740.46 -5.00%
1875 $1,679.39 -3.51%
1876 $1,633.59 -2.73%
1877 $1,603.05 -1.87%
1878 $1,526.72 -4.76%
1879 $1,526.72 0.00%
1880 $1,557.25 2.00%
1881 $1,557.25 0.00%
1882 $1,557.25 0.00%
1883 $1,541.98 -0.98%
1884 $1,496.18 -2.97%
1885 $1,480.92 -1.02%
1886 $1,435.11 -3.09%
1887 $1,450.38 1.06%
1888 $1,450.38 0.00%
1889 $1,404.58 -3.16%
1890 $1,389.31 -1.09%
1891 $1,389.31 0.00%
1892 $1,389.31 0.00%
1893 $1,374.05 -1.10%
1894 $1,312.98 -4.44%
1895 $1,282.44 -2.33%
1896 $1,282.44 0.00%
1897 $1,267.18 -1.19%
1898 $1,267.18 0.00%
1899 $1,267.18 0.00%
1900 $1,282.44 1.20%
1901 $1,297.71 1.19%
1902 $1,312.98 1.18%
1903 $1,343.51 2.33%
1904 $1,358.78 1.14%
1905 $1,343.51 -1.12%
1906 $1,374.05 2.27%
1907 $1,435.11 4.44%
1908 $1,404.58 -2.13%
1909 $1,389.31 -1.09%
1910 $1,450.38 4.40%
1911 $1,450.38 0.00%
1912 $1,480.92 2.11%
1913 $1,511.45 2.06%
1914 $1,526.72 1.01%
1915 $1,541.98 1.00%
1916 $1,664.12 7.92%
1917 $1,954.20 17.43%
1918 $2,305.34 17.97%
1919 $2,641.22 14.57%
1920 $3,053.44 15.61%
1921 $2,732.82 -10.50%
1922 $2,564.89 -6.15%
1923 $2,610.69 1.79%
1924 $2,610.69 0.00%
1925 $2,671.76 2.34%
1926 $2,702.29 1.14%
1927 $2,656.49 -1.69%
1928 $2,610.69 -1.72%
1929 $2,610.69 0.00%
1930 $2,549.62 -2.34%
1931 $2,320.61 -8.98%
1932 $2,091.60 -9.87%
1933 $1,984.73 -5.11%
1934 $2,045.80 3.08%
1935 $2,091.60 2.24%
1936 $2,122.14 1.46%
1937 $2,198.47 3.60%
1938 $2,152.67 -2.08%
1939 $2,122.14 -1.42%
1940 $2,137.40 0.72%
1941 $2,244.27 5.00%
1942 $2,488.55 10.88%
1943 $2,641.22 6.13%
1944 $2,687.02 1.73%
1945 $2,748.09 2.27%
1946 $2,977.10 8.33%
1947 $3,404.58 14.36%
1948 $3,679.39 8.07%
1949 $3,633.59 -1.24%
1950 $3,679.39 1.26%
1951 $3,969.47 7.88%
1952 $4,045.80 1.92%
1953 $4,076.34 0.75%
1954 $4,106.87 0.75%
1955 $4,091.60 -0.37%
1956 $4,152.67 1.49%
1957 $4,290.08 3.31%
1958 $4,412.21 2.85%
1959 $4,442.75 0.69%
1960 $4,519.08 1.72%
1961 $4,564.89 1.01%
1962 $4,610.69 1.00%
1963 $4,671.76 1.32%
1964 $4,732.82 1.31%
1965 $4,809.16 1.61%
1966 $4,946.56 2.86%
1967 $5,099.24 3.09%
1968 $5,312.98 4.19%
1969 $5,603.05 5.46%
1970 $5,923.66 5.72%
1971 $6,183.21 4.38%
1972 $6,381.68 3.21%
1973 $6,778.63 6.22%
1974 $7,526.72 11.04%
1975 $8,213.74 9.13%
1976 $8,687.02 5.76%
1977 $9,251.91 6.50%
1978 $9,954.20 7.59%
1979 $11,083.97 11.35%
1980 $12,580.15 13.50%
1981 $13,877.86 10.32%
1982 $14,732.82 6.16%
1983 $15,206.11 3.21%
1984 $15,862.60 4.32%
1985 $16,427.48 3.56%
1986 $16,732.82 1.86%
1987 $17,343.51 3.65%
1988 $18,061.07 4.14%
1989 $18,931.30 4.82%
1990 $19,954.20 5.40%
1991 $20,793.89 4.21%
1992 $21,419.85 3.01%
1993 $22,061.07 2.99%
1994 $22,625.95 2.56%
1995 $23,267.18 2.83%
1996 $23,954.20 2.95%
1997 $24,503.82 2.29%
1998 $24,885.50 1.56%
1999 $25,435.11 2.21%
2000 $26,290.08 3.36%
2001 $27,038.17 2.85%
2002 $27,465.65 1.58%
2003 $28,091.60 2.28%
2004 $28,839.69 2.66%
2005 $29,816.79 3.39%
2006 $30,778.63 3.23%
2007 $31,655.27 2.85%
2008 $32,870.69 3.84%
2009 $32,753.74 -0.36%
2010 $33,290.99 1.64%
2011 $34,341.83 3.16%
2012 $35,052.52 2.07%
2013 $35,565.95 1.46%
2014 $36,142.90 1.62%
2015 $36,185.80 0.12%
2016 $36,642.29 1.26%
2017 $37,422.90 2.13%
2018 $38,336.92 2.44%
2019 $39,289.47 2.48%*
* Compared to previous annual rate. Not final. See inflation summary for latest 12-month trailing value.
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Inflation by Country

Inflation can also vary widely by country. For comparison, in the UK £2,000.00 in 1870 would be equivalent to £226,294.74 in 2017, an absolute change of £224,294.74 and a cumulative change of 11,214.74%.

Compare these numbers to the US's overall absolute change of $35,422.90 and total percent change of 1,771.15%.


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 1870 and 2017.

Compare these values to the overall average of 2.01% per year:

Category Avg Inflation (%) Total Inflation (%) $2,000 in 1870 → 2017
Food 3.15 9,468.28 191,365.69
Shelter 4.12 37,654.44 755,088.77
Energy 3.83 24,945.94 500,918.77
Apparel 2.07 1,935.38 40,707.66
New vehicles 1.09 395.38 9,907.56
Used cars and trucks 0.63 150.53 5,010.65
Transportation services 4.07 34,931.79 700,635.81
Medical care services 5.15 159,728.41 3,196,568.30
Medical care commodities 3.07 8,366.76 169,335.24

The graph below compares inflation in categories of goods over time. Click on a category such as "Food" to toggle it on or off:

For all these visualizations, it's important to note that not all categories may have been tracked since 1870. This table and charts use the earliest available data for each category.



How to Calculate Inflation Rate for $2,000, 1870 to 2017

This inflation calculator uses the following inflation rate formula:

CPI in 2017CPI in 1870
×
1870 USD value
=
2017 USD value

Then plug in historical CPI values. The U.S. CPI was 13.1 in the year 1870 and 245.12 in 2017:

245.1213.1
×
$2,000
=
$37,422.90

$2,000 in 1870 has the same "purchasing power" or "buying power" as $37,422.90 in 2017.

To get the total inflation rate for the 147 years between 1870 and 2017, we use the following formula:

CPI in 2017 - CPI in 1870CPI in 1870
×
100
=
Cumulative inflation rate (147 years)

Plugging in the values to this equation, we get:

245.12 - 13.113.1
×
100
=
1,771%

News headlines from 1870

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

  • New York begins building the Brooklyn Bridge (the bridge is completed in 1883).
  • Austria inaugurates Wiener Musikverein, also known as the Great Hall, in Vienna.
  • The Carson City mint, in Nevada, starts issuing coins.

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: “$2,000 in 1870 → 2017 | Inflation Calculator.” U.S. Official Inflation Data, Alioth Finance, 17 Nov. 2019, https://www.officialdata.org/1870-dollars-in-2017?amount=2000.

Special thanks to QuickChart for providing downloadable chart images.

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


About the author

Ian Webster is an engineer and data expert based in San Mateo, California. He has worked for Google, NASA, and consulted for governments around the world on data pipelines and data analysis. Disappointed by the lack of clear resources on the impacts of inflation on economic indicators, Ian believes this website serves as a valuable public tool. Ian earned his degree in Computer Science from Dartmouth College.

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» Read more about inflation and investment.

Inflation from 1870 to 2017
Cumulative price change 1,771.15%
Average inflation rate 2.01%
Converted amount ($2,000 base) $37,422.90
Price difference ($2,000 base) $35,422.90
CPI in 1870 13.100
CPI in 2017 245.120
Inflation in 1870 -3.68%
Inflation in 2017 2.13%
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