According to the Bureau of Labor Statistics consumer price index, the dollar experienced an average inflation rate of 2.59% per year. Prices in 2018 are 2536.2% higher than prices in 1890.
In other words, $10 in the year 1890 is equivalent in purchasing power to $263.62 in 2018, a difference of $253.62 over 128 years.
|Cumulative price change||2536.20%|
|Average inflation rate||2.59%|
|Price difference ($10 base)||$253.62|
|CPI in 2018||248.991|
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: “$10 in 1890 → 2018 | Inflation Calculator.” FinanceRef Inflation Calculator, Alioth Finance, 21 Mar. 2018, http://www.in2013dollars.com/1890-dollars-in-2018?amount=10.