U.S. inflation rate in 1808: 8.62%

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Inflation in 1808 and Its Effect on Dollar Value

Purchasing power decreased by 8.62% in 1808 compared to the previous year, 1807. On average, you would have to spend 8.62% more money in 1808 than in 1807 for the same item.

In other words, $1 in 1807 is equivalent in purchasing power to $1.09 in 1808.

The 1807 inflation rate was -4.92%. The inflation rate in 1808 was 8.62%. The 1808 inflation rate is higher compared to the average inflation rate of 1.44% per year between 1808 and 2018.

Inflation rate is calculated by change in the consumer price index (CPI). The CPI in 1808 was 12.6. It was 11.6 in the previous year, 1807. The difference in CPI between the years is used by the Bureau of Labor Statistics to officially determine inflation.


Inflation from 1807 to 1808
Average inflation rate 8.62%
Converted amount ($1 base) $1.09
Price difference ($1 base) $0.09
CPI in 1807 11.600
CPI in 1808 12.600
Inflation in 1807 -4.92%
Inflation in 1808 8.62%


U.S. inflation chart since 1665


Inflation by Country

Inflation can also vary widely by country. For comparison, in the UK £1.00 in 1807 would be equivalent to £1.04 in 1808, an absolute change of £0.04 and a cumulative change of 4.07%.

Compare these numbers to the US's overall absolute change of $0.09 and total percent change of 8.62%.


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 1807 and 1808.

Compare these values to the overall average of 8.62% per year:

Category Avg Inflation (%) Total Inflation (%) $1 in 1807 → 1808
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 1807. This table and visualization use the earliest available data for each category.



How to Calculate Inflation Rate for $1, 1807 to 1808

This inflation calculator uses the following inflation rate formula:

CPI in 1808CPI in 1807
×
1807 USD value
=
1808 USD value

Then plug in historical CPI values. The U.S. CPI was 11.6 in the year 1807 and 12.6 in 1808:

12.611.6
×
$1
=
$1.09

$1 in 1807 has the same "purchasing power" or "buying power" as $1.09 in 1808.

To get the total inflation rate for the 1 years between 1807 and 1808, we use the following formula:

CPI in 1808 - CPI in 1807CPI in 1807
×
100
=
Cumulative inflation rate (1 years)

Plugging in the values to this equation, we get:

12.6 - 11.611.6
×
100
=
9%

News headlines from 1807

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

  • The first gaslight street lightning installed in London's Pall Mall.
  • The Eylau battle between Napoleon and the Russian empire ends without a conclusive result: it is the first battle that Napoleon did not win.
  • The US Congress announces a ban on the slave trade within America.
  • Britain officially abolishes slavery within its empire, with a penalty fine of £120 per slave for ship captains.

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: “Inflation Rate in 1808 | Inflation Calculator.” U.S. Official Inflation Data, Alioth Finance, 19 Dec. 2018, https://www.officialdata.org/inflation-rate-in-1808.

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


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