$0.75 in 1899 → $22.69 in 2018

👉 Here for Red Dead Redemption? See all converted item prices.

U.S. Inflation Rate, $0.75 in 1899 to 2018

According to the Bureau of Labor Statistics consumer price index, prices in 2018 are 2,925.38% higher than average prices throughout 1899. The dollar experienced an average inflation rate of 2.91% per year during this period, meaning the real value of a dollar decreased.

In other words, $0.75 in 1899 is equivalent in purchasing power to about $22.69 in 2018, a difference of $21.94 over 119 years.

The 1899 inflation rate was 0.00%. The inflation rate in 2018 was 2.44%. The 2018 inflation rate is higher compared to the average inflation rate of 1.77% per year between 2018 and 2019.


Inflation from 1899 to 2018
Cumulative price change 2,925.38%
Average inflation rate 2.91%
Converted amount ($0.75 base) $22.69
Price difference ($0.75 base) $21.94
CPI in 1899 8.300
CPI in 2018 251.107
Inflation in 1899 0.00%
Inflation in 2018 2.44%


U.S. inflation chart since 1665


Buying power of $0.75 in 1899

This chart shows calculation of buying power equivalence, often referred to as "the value of a dollar" over time for $0.75 in 1899 (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 Dollar Value Inflation Rate
1899 $0.75 -
1900 $0.76 1.20%
1901 $0.77 1.19%
1902 $0.78 1.18%
1903 $0.80 2.33%
1904 $0.80 1.14%
1905 $0.80 -1.12%
1906 $0.81 2.27%
1907 $0.85 4.44%
1908 $0.83 -2.13%
1909 $0.82 -1.09%
1910 $0.86 4.40%
1911 $0.86 0.00%
1912 $0.88 2.11%
1913 $0.89 2.06%
1914 $0.90 1.01%
1915 $0.91 1.00%
1916 $0.98 7.92%
1917 $1.16 17.43%
1918 $1.36 17.97%
1919 $1.56 14.57%
1920 $1.81 15.61%
1921 $1.62 -10.50%
1922 $1.52 -6.15%
1923 $1.55 1.79%
1924 $1.55 0.00%
1925 $1.58 2.34%
1926 $1.60 1.14%
1927 $1.57 -1.69%
1928 $1.55 -1.72%
1929 $1.55 0.00%
1930 $1.51 -2.34%
1931 $1.37 -8.98%
1932 $1.24 -9.87%
1933 $1.17 -5.11%
1934 $1.21 3.08%
1935 $1.24 2.24%
1936 $1.26 1.46%
1937 $1.30 3.60%
1938 $1.27 -2.08%
1939 $1.26 -1.42%
1940 $1.27 0.72%
1941 $1.33 5.00%
1942 $1.47 10.88%
1943 $1.56 6.13%
1944 $1.59 1.73%
1945 $1.63 2.27%
1946 $1.76 8.33%
1947 $2.02 14.36%
1948 $2.18 8.07%
1949 $2.15 -1.24%
1950 $2.18 1.26%
1951 $2.35 7.88%
1952 $2.39 1.92%
1953 $2.41 0.75%
1954 $2.43 0.75%
1955 $2.42 -0.37%
1956 $2.46 1.49%
1957 $2.54 3.31%
1958 $2.61 2.85%
1959 $2.63 0.69%
1960 $2.67 1.72%
1961 $2.70 1.01%
1962 $2.73 1.00%
1963 $2.77 1.32%
1964 $2.80 1.31%
1965 $2.85 1.61%
1966 $2.93 2.86%
1967 $3.02 3.09%
1968 $3.14 4.19%
1969 $3.32 5.46%
1970 $3.51 5.72%
1971 $3.66 4.38%
1972 $3.78 3.21%
1973 $4.01 6.22%
1974 $4.45 11.04%
1975 $4.86 9.13%
1976 $5.14 5.76%
1977 $5.48 6.50%
1978 $5.89 7.59%
1979 $6.56 11.35%
1980 $7.45 13.50%
1981 $8.21 10.32%
1982 $8.72 6.16%
1983 $9.00 3.21%
1984 $9.39 4.32%
1985 $9.72 3.56%
1986 $9.90 1.86%
1987 $10.27 3.65%
1988 $10.69 4.14%
1989 $11.20 4.82%
1990 $11.81 5.40%
1991 $12.31 4.21%
1992 $12.68 3.01%
1993 $13.06 2.99%
1994 $13.39 2.56%
1995 $13.77 2.83%
1996 $14.18 2.95%
1997 $14.50 2.29%
1998 $14.73 1.56%
1999 $15.05 2.21%
2000 $15.56 3.36%
2001 $16.00 2.85%
2002 $16.26 1.58%
2003 $16.63 2.28%
2004 $17.07 2.66%
2005 $17.65 3.39%
2006 $18.22 3.23%
2007 $18.74 2.85%
2008 $19.46 3.84%
2009 $19.39 -0.36%
2010 $19.70 1.64%
2011 $20.33 3.16%
2012 $20.75 2.07%
2013 $21.05 1.46%
2014 $21.39 1.62%
2015 $21.42 0.12%
2016 $21.69 1.26%
2017 $22.15 2.13%
2018 $22.69 2.44%
2019 $23.09 1.77%*
* 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 £0.75 in 1899 would be equivalent to £93.89 in 2018, an absolute change of £93.14 and a cumulative change of 12,418.11%.

Compare these numbers to the US's overall absolute change of $21.94 and total percent change of 2,925.38%.


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 1899 and 2018.

Compare these values to the overall average of 2.91% per year:

Category Avg Inflation (%) Total Inflation (%) $0.75 in 1899 → 2018
Food 3.13 3,836.30 29.52
Shelter 4.11 11,923.03 90.17
Energy 3.89 9,249.61 70.12
Apparel 2.05 1,020.62 8.40
New vehicles 1.05 245.71 2.59
Used cars and trucks 0.61 106.43 1.55
Transportation services 4.06 11,340.51 85.80
Medical care services 5.11 37,532.18 282.24
Medical care commodities 3.04 3,439.48 26.55

It's important to note that not all categories may be tracked since 1899. This table and visualization use the earliest available data for each category.



How to Calculate Inflation Rate for $0.75, 1899 to 2018

This inflation calculator uses the following inflation rate formula:

CPI in 2018CPI in 1899
×
1899 USD value
=
2018 USD value

Then plug in historical CPI values. The U.S. CPI was 8.3 in the year 1899 and 251.10683333333 in 2018:

251.106833333338.3
×
$0.75
=
$22.69

$0.75 in 1899 has the same "purchasing power" or "buying power" as $22.69 in 2018.

To get the total inflation rate for the 119 years between 1899 and 2018, we use the following formula:

CPI in 2018 - CPI in 1899CPI in 1899
×
100
=
Cumulative inflation rate (119 years)

Plugging in the values to this equation, we get:

251.10683333333 - 8.38.3
×
100
=
2,925%

Comparison to S&P 500 Index

The average inflation rate of 2.91% has a compounding effect between 1899 and 2018. As noted above, this yearly inflation rate compounds to produce an overall price difference of 2,925.38% over 119 years.

To help put this inflation into perspective, if we had invested $0.75 in the S&P 500 index in 1899, our investment would be nominally worth approximately $44,414.09 in 2018. This is a return on investment of 5,921,779.05%, with an absolute return of $44,413.34.

These numbers are not inflation adjusted, so they are considered nominal. In order to evaluate the real return on our investment, we must calculate the return with inflation taken into account.

The compounding effect of inflation would account for 96.69% of returns ($42,945.32) during this period. This means the inflation-adjusted real return of our $0.75 investment is $1,468.02.

Investment in S&P 500 Index, 1899-2018
Original Amount Final Amount Change
Nominal $0.75 $44,414.09 5,921,779.05%
Real
Inflation Adjusted
$0.75 $1,468.02 195,736.47%


News headlines from 1899

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

  • Aspirin is patented by Felix Hoffmann at Bayer Company.
  • The bicycle is patented frame by an African-American inventor Issac Johnson.
  • Boers defeat British forces in a Battle of Ladysmith, which leads to the Siege of Ladysmith.
  • 1902 Marie and Pierre Curie isolate the radioactive element of chlorine.
  • Abdulaziz Ibn Saud and his 40 men, take over the city of Riyadh, which marked the beginning of the Third Saudi State.
  • U.S. Court of Appeals rules that Thomas Edison did not invent the movie camera.

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: “$0.75 in 1899 → 2018 | Inflation Calculator.” U.S. Official Inflation Data, Alioth Finance, 25 May. 2019, https://www.officialdata.org/1899-dollars-in-2018?amount=0.75.

Special thanks to QuickChart for providing downloadable chart images.

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


» Read more about inflation and investment.