According to the Bureau of Labor Statistics, the dollar experienced an average inflation rate of 1.99% per year. Prices in 2017 are 1699.8% higher than prices in 1870.
In other words, $100 in the year 1870 is equivalent to $1,799.79 in 2017, a difference of $1,699.79 over 147 years.
|Cumulative price change||1699.79%|
|Average inflation rate||1.99%|
|Price difference ($100 base)||$1,699.79|
|CPI in 2017||244.786|
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: “$100 in 1870 → 2017 | Inflation Calculator.” FinanceRef Inflation Calculator, Alioth Education, 12 Dec. 2017, http://www.in2013dollars.com/1870-dollars?amount=100.