$1 in 1895 is worth $1.02 in 1894

Value of $1 from 1895 to 1894

$1 in 1895 is equivalent in purchasing power to about $1.02 in 1894. The dollar had an average deflation rate of -2.33% per year since 1894, producing a cumulative price change of 2.38%.

This means that prices in 1894 are 1.02 times as high as average prices since 1895, according to the Bureau of Labor Statistics consumer price index.

The inflation rate in 1894 was -4.44%. The inflation rate in 1895 was -2.33%. The 1895 inflation rate is lower compared to the average inflation rate of 2.84% per year between 1895 and 2024.


Inflation from 1895 to 1894
Average inflation rate-2.33%
Converted amount
$1 base
$1.02
Price difference
$1 base
$0.02
CPI in 18958.400
CPI in 18948.600
Inflation in 1894-4.44%
Inflation in 1895-2.33%
$1 in 1895$1.02 in 1894

Recent USD inflation
Annual Rate, the Bureau of Labor Statistics CPI
Download

Inflation by Country

Inflation can also vary widely by country. For comparison, in the UK £1.00 in 1895 would be equivalent to £1.01 in 1894, an absolute change of £0.01 and a cumulative change of 1.16%.

Compare these numbers to the US's overall absolute change of $0.02 and total percent change of 2.38%.


Inflation by Spending Category

CPI is the weighted combination of many categories of spending that are tracked by the government. Breaking down these categories helps explain the main drivers behind price changes.

This chart shows the average rate of inflation for select CPI categories between 1895 and 1894.

Compare these values to the overall average of -2.33% per year:

CategoryAvg Inflation (%)Total Inflation (%)$1 in 1894 → 1895
Food and beverages0.000.001.00
Housing0.000.001.00
Apparel0.000.001.00
Transportation0.000.001.00
Medical care0.000.001.00
Recreation0.000.001.00
Education and communication0.000.001.00
Other goods and services0.000.001.00

For all these visualizations, it's important to note that not all categories may have been tracked since 1895. This table and charts use the earliest available data for each category.



How to calculate inflation rate for $1, 1894 to 1895

Our calculations use the following inflation rate formula to calculate the change in value between 1894 and 1895:

CPI in 1894 CPI in 1895
×
1895 USD value
=
1894 USD value

Then plug in historical CPI values. The U.S. CPI was 8.4 in the year 1895 and 8.6 in 1894:

8.68.4
×
$1
=
$1.02

$1 in 1895 has the same "purchasing power" or "buying power" as $1.02 in 1894.

To get the total inflation rate for the 1 years between 1894 and 1895, we use the following formula:

CPI in 1894 - CPI in 1895CPI in 1895
×
100
=
Cumulative inflation rate (1 years)

Plugging in the values to this equation, we get:

8.6 - 8.48.4
×
100
=
2%

Data source & citation

Raw data for these calculations comes from the Bureau of Labor Statistics' (CPI), established in 1913. Price index data from 1774 to 1912 is sourced from a historical study conducted by political science professor Robert Sahr at Oregon State University and from the American Antiquarian Society. Price index data from 1634 to 1773 is from the American Antiquarian Society, using British pound equivalents.

You may use the following MLA citation for this page: “$1 in 1895 → 1894 | Inflation Calculator.” Official Inflation Data, Alioth Finance, 29 Mar. 2024, https://www.officialdata.org/1895-dollars-in-1894?amount=1.

Special thanks to QuickChart for their chart image API, which is used for chart downloads.

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


Ian Webster

About the author

Ian Webster is an engineer and data expert based in San Mateo, California. He has worked for Google, NASA, and consulted for governments around the world on data pipelines and data analysis. Disappointed by the lack of clear resources on the impacts of inflation on economic indicators, Ian believes this website serves as a valuable public tool. Ian earned his degree in Computer Science from Dartmouth College.

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Inflation from 1895 to 1894
Average inflation rate-2.33%
Converted amount
$1 base
$1.02
Price difference
$1 base
$0.02
CPI in 18958.400
CPI in 18948.600
Inflation in 1894-4.44%
Inflation in 1895-2.33%
$1 in 1895$1.02 in 1894