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, $5 in the year 1880 is equivalent to $113.67 in 2017, a difference of $108.67 over 137 years.
|Cumulative price change||2173.40%|
|Average inflation rate||2.31%|
|Price difference ($5 base)||$108.67|
|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.