$1 in 1895 → $1.08 in 1892

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U.S. Inflation Rate, $1 in 1895 to 1892

According to the Bureau of Labor Statistics consumer price index, prices in 1892 are 8.33% higher than average prices throughout 1895. The dollar experienced an average deflation rate of -2.63% per year during this period.

In other words, $1 in 1895 is equivalent in purchasing power to $1.08 in 1892, a difference of $0.08 over 3 years.

The 1892 inflation rate was 0.00%. The inflation rate in 1895 was -2.33%. The 1895 inflation rate is lower compared to the average inflation rate of 2.78% per year between 1895 and 2019.


Inflation from 1895 to 1892
Cumulative price change 8.33%
Average inflation rate -2.63%
Converted amount ($1 base) $1.08
Price difference ($1 base) $0.08
CPI in 1895 8.400
CPI in 1892 9.100
Inflation in 1892 0.00%
Inflation in 1895 -2.33%


U.S. inflation chart since 1665


Buying power of $1 in 1892

This chart shows calculations of buying power equivalence over time for $1 in 1892 (price index tracking began in 1635).

According to the Bureau of Labor Statistics, each of these USD amounts below is equal in terms of what it could buy at the time:

Year USD Value Inflation Rate
1892 $1.00 -
1893 $0.99 -1.10%
1894 $0.95 -4.44%
1895 $0.92 -2.33%
1896 $0.92 0.00%
1897 $0.91 -1.19%
1898 $0.91 0.00%
1899 $0.91 0.00%
1900 $0.92 1.20%
1901 $0.93 1.19%
1902 $0.95 1.18%
1903 $0.97 2.33%
1904 $0.98 1.14%
1905 $0.97 -1.12%
1906 $0.99 2.27%
1907 $1.03 4.44%
1908 $1.01 -2.13%
1909 $1.00 -1.09%
1910 $1.04 4.40%
1911 $1.04 0.00%
1912 $1.07 2.11%
1913 $1.09 2.06%
1914 $1.10 1.01%
1915 $1.11 1.00%
1916 $1.20 7.92%
1917 $1.41 17.43%
1918 $1.66 17.97%
1919 $1.90 14.57%
1920 $2.20 15.61%
1921 $1.97 -10.50%
1922 $1.85 -6.15%
1923 $1.88 1.79%
1924 $1.88 0.00%
1925 $1.92 2.34%
1926 $1.95 1.14%
1927 $1.91 -1.69%
1928 $1.88 -1.72%
1929 $1.88 0.00%
1930 $1.84 -2.34%
1931 $1.67 -8.98%
1932 $1.51 -9.87%
1933 $1.43 -5.11%
1934 $1.47 3.08%
1935 $1.51 2.24%
1936 $1.53 1.46%
1937 $1.58 3.60%
1938 $1.55 -2.08%
1939 $1.53 -1.42%
1940 $1.54 0.72%
1941 $1.62 5.00%
1942 $1.79 10.88%
1943 $1.90 6.13%
1944 $1.93 1.73%
1945 $1.98 2.27%
1946 $2.14 8.33%
1947 $2.45 14.36%
1948 $2.65 8.07%
1949 $2.62 -1.24%
1950 $2.65 1.26%
1951 $2.86 7.88%
1952 $2.91 1.92%
1953 $2.93 0.75%
1954 $2.96 0.75%
1955 $2.95 -0.37%
1956 $2.99 1.49%
1957 $3.09 3.31%
1958 $3.18 2.85%
1959 $3.20 0.69%
1960 $3.25 1.72%
1961 $3.29 1.01%
1962 $3.32 1.00%
1963 $3.36 1.32%
1964 $3.41 1.31%
1965 $3.46 1.61%
1966 $3.56 2.86%
1967 $3.67 3.09%
1968 $3.82 4.19%
1969 $4.03 5.46%
1970 $4.26 5.72%
1971 $4.45 4.38%
1972 $4.59 3.21%
1973 $4.88 6.22%
1974 $5.42 11.04%
1975 $5.91 9.13%
1976 $6.25 5.76%
1977 $6.66 6.50%
1978 $7.16 7.59%
1979 $7.98 11.35%
1980 $9.05 13.50%
1981 $9.99 10.32%
1982 $10.60 6.16%
1983 $10.95 3.21%
1984 $11.42 4.32%
1985 $11.82 3.56%
1986 $12.04 1.86%
1987 $12.48 3.65%
1988 $13.00 4.14%
1989 $13.63 4.82%
1990 $14.36 5.40%
1991 $14.97 4.21%
1992 $15.42 3.01%
1993 $15.88 2.99%
1994 $16.29 2.56%
1995 $16.75 2.83%
1996 $17.24 2.95%
1997 $17.64 2.29%
1998 $17.91 1.56%
1999 $18.31 2.21%
2000 $18.92 3.36%
2001 $19.46 2.85%
2002 $19.77 1.58%
2003 $20.22 2.28%
2004 $20.76 2.66%
2005 $21.46 3.39%
2006 $22.15 3.23%
2007 $22.78 2.85%
2008 $23.66 3.84%
2009 $23.58 -0.36%
2010 $23.96 1.64%
2011 $24.72 3.16%
2012 $25.23 2.07%
2013 $25.60 1.46%
2014 $26.01 1.62%
2015 $26.05 0.12%
2016 $26.37 1.26%
2017 $26.94 2.13%
2018 $27.59 2.44%
2019 $27.78 0.66%*
* Compared to previous annual rate. Not final. See inflation summary for latest 12-month trailing value.

Inflation by Country

Inflation can also vary widely by country. For comparison, in the UK £1.00 in 1895 would be equivalent to £1.03 in 1892, an absolute change of £0.03 and a cumulative change of 3.49%.

Compare these numbers to the US's overall absolute change of $0.08 and total percent change of 8.33%.


Inflation by Spending Category

CPI is the weighted combination of many categories of spending that are tracked by the government. This chart shows the average rate of inflation for select CPI categories between 1895 and 1892.

Compare these values to the overall average of -2.63% per year:

Category Avg Inflation (%) Total Inflation (%) $1 in 1892 → 1895
Food 0.00 0.00 1.00
Shelter 0.00 0.00 1.00
Energy 0.00 0.00 1.00
Apparel 0.00 0.00 1.00
New vehicles 0.00 0.00 1.00
Used cars and trucks 0.00 0.00 1.00
Transportation services 0.00 0.00 1.00
Medical care services 0.00 0.00 1.00
Medical care commodities 0.00 0.00 1.00

It's important to note that not all categories may be tracked since 1895. This table and visualization use the earliest available data for each category.



How to Calculate Inflation Rate for $1, 1892 to 1895

This inflation calculator uses the following inflation rate formula:

CPI in 1892CPI in 1895
×
1895 USD value
=
1892 USD value

Then plug in historical CPI values. The U.S. CPI was 8.4 in the year 1895 and 9.1 in 1892:

9.18.4
×
$1
=
$1.08

$1 in 1895 has the same "purchasing power" or "buying power" as $1.08 in 1892.

To get the total inflation rate for the 3 years between 1892 and 1895, we use the following formula:

CPI in 1892 - CPI in 1895CPI in 1895
×
100
=
Cumulative inflation rate (3 years)

Plugging in the values to this equation, we get:

9.1 - 8.48.4
×
100
=
8%

News headlines from 1892

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

  • Italy invades Abyssinia (Ethiopia today).
  • First Sino-Japanese war finishes after signing the Treaty of Shimonoseki.
  • Electromagnetic radiation in a wavelength range today known as X-rays were produced by Wilhelm Rontgen, a German physicist.
  • The Nobel Prize is established in the will of Swedish chemist Alfred Nobel.

Data Source & Citation

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: “$1 in 1895 → 1892 | Inflation Calculator.” U.S. Official Inflation Data, Alioth Finance, 27 Mar. 2019, https://www.officialdata.org/1895-dollars-in-1892?amount=1.

Special thanks to QuickChart for providing downloadable chart images.

in2013dollars.com is a reference website maintained by the Official Data Foundation.


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