According to the Bureau of Labor Statistics consumer price index, the dollar experienced an average inflation rate of 2.60% per year. Prices in 2016 are 2441.0% higher than prices in 1890.
In other words, $1 in the year 1890 is equivalent in purchasing power to $25.41 in 2016, a difference of $24.41 over 126 years.
The inflation rate in 2016 was 1.26%.
|Cumulative price change||2441.00%|
|Average inflation rate||2.60%|
|Price difference ($1 base)||$24.41|
|CPI in 2016||240.007|
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: “$1 in 1890 → 2016 | Inflation Calculator.” FinanceRef Inflation Calculator, Alioth Finance, 22 Apr. 2018, http://www.in2013dollars.com/1890-dollars-in-2016?amount=1.