According to the Bureau of Labor Statistics, the dollar experienced an average inflation rate of 2.14% per year. Prices in 2017 are 1956.9% higher than prices in 1874.
In other words, $100 in the year 1874 is equivalent to $2,056.90 in 2017, a difference of $1,956.90 over 143 years.
|Cumulative price change||1956.90%|
|Average inflation rate||2.14%|
|Price difference ($100 base)||$1,956.90|
|CPI in 2017||244.786|
Politics and news often play an important role in economic performance.
Inflation Data Source: 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.