According to the Bureau of Labor Statistics, the dollar experienced an average inflation rate of 2.66% per year. Prices in 2017 are 2492.0% higher than prices in 1893.
In other words, $0.50 in the year 1893 is equivalent to $12.96 in 2017, a difference of $12.46 over 124 years.
|Cumulative price change||2492.00%|
|Average inflation rate||2.66%|
|Price difference ($0.50 base)||$12.46|
|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.