According to the Bureau of Labor Statistics consumer price index, the dollar experienced an average inflation rate of 2.44% per year. Prices in 2018 are 2375.8% higher than prices in 1885.
In other words, $30,000 in the year 1885 is equivalent in purchasing power to $742,732.00 in 2018, a difference of $712,732.00 over 133 years.
|Cumulative price change||2375.77%|
|Average inflation rate||2.44%|
|Price difference ($30,000 base)||$712,732.00|
|CPI in 2018||247.867|
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: “$30,000 in 1885 → 2018 | Inflation Calculator.” FinanceRef Inflation Calculator, Alioth Finance, 15 Feb. 2018, http://www.in2013dollars.com/1885-dollars?amount=30000.