According to the Bureau of Labor Statistics, the dollar experienced an average inflation rate of 2.31% per year. Prices in 2017 are 2173.4% higher than prices in 1880.
In other words, $10,000 in the year 1880 is equivalent to $227,342.04 in 2017, a difference of $217,342.04 over 137 years.
|Cumulative price change||2173.42%|
|Average inflation rate||2.31%|
|Price difference ($10,000 base)||$217,342.04|
|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.