$500 in 1880 → $11,562.37 in 2018

Inflation Calculator


U.S. Inflation Rate, 1880-2018 ($500)

According to the Bureau of Labor Statistics consumer price index, the dollar experienced an average inflation rate of 2.30% per year. Prices in 2018 are 2212.5% higher than prices in 1880.

In other words, $500 in the year 1880 is equivalent in purchasing power to $11,562.37 in 2018, a difference of $11,062.37 over 138 years.

The current inflation rate in 2018 is 1.72%1. If this number holds, $500 today will be equivalent to $508.59 next year.

Inflation from 1880 to 2018
Cumulative price change 2212.47%
Average inflation rate 2.30%
Price difference ($500 base) $11,062.37
CPI in 2018 248.991

U.S. inflation chart since 1665

Inflation rates for specific categories

Gasoline (all types) · Medical care · Legal services · More

Inflation-adjusted measures

S&P 500 price · S&P 500 earnings · Shiller P/E

News headlines from 1880

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

  • Construction begins on the Panama Canal.
  • The United States constructs its first dedicated sewage system in Memphis, Tennessee.
  • The Salvation Army is formed in London.

Inflation Data Source

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: “$500 in 1880 → 2018 | Inflation Calculator.” FinanceRef Inflation Calculator, Alioth Finance, 21 Mar. 2018, http://www.in2013dollars.com/1880-dollars?amount=500.

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