U.S. inflation rate in 1822: 3.54%

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Inflation in 1822 and Its Effect on Dollar Value

Purchasing power decreased by 3.54% in 1822 compared to the previous year, 1821. On average, you would have to spend 3.54% more money in 1822 than in 1821 for the same item.

In other words, $1 in 1821 is equivalent in purchasing power to $1.04 in 1822.

The 1821 inflation rate was -3.42%. The inflation rate in 1822 was 3.54%. The 1822 inflation rate is higher compared to the average inflation rate of 1.58% per year between 1822 and 2018.

Inflation rate is calculated by change in the consumer price index (CPI). The CPI in 1822 was 11.7. It was 11.3 in the previous year, 1821. The difference in CPI between the years is used by the Bureau of Labor Statistics to officially determine inflation.


Inflation from 1821 to 1822
Average inflation rate 3.54%
Converted amount ($1 base) $1.04
Price difference ($1 base) $0.04
CPI in 1821 11.300
CPI in 1822 11.700
Inflation in 1821 -3.42%
Inflation in 1822 3.54%


U.S. inflation chart since 1665


Inflation by Country

Inflation can also vary widely by country. For comparison, in the UK £1.00 in 1821 would be equivalent to £0.86 in 1822, an absolute change of £-0.14 and a cumulative change of -13.59%.

Compare these numbers to the US's overall absolute change of $0.04 and total percent change of 3.54%.


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 1821 and 1822.

Compare these values to the overall average of 3.54% per year:

Category Avg Inflation (%) Total Inflation (%) $1 in 1821 → 1822
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 1821. This table and visualization use the earliest available data for each category.



How to Calculate Inflation Rate for $1, 1821 to 1822

This inflation calculator uses the following inflation rate formula:

CPI in 1822CPI in 1821
×
1821 USD value
=
1822 USD value

Then plug in historical CPI values. The U.S. CPI was 11.3 in the year 1821 and 11.7 in 1822:

11.711.3
×
$1
=
$1.04

$1 in 1821 has the same "purchasing power" or "buying power" as $1.04 in 1822.

To get the total inflation rate for the 1 years between 1821 and 1822, we use the following formula:

CPI in 1822 - CPI in 1821CPI in 1821
×
100
=
Cumulative inflation rate (1 years)

Plugging in the values to this equation, we get:

11.7 - 11.311.3
×
100
=
4%

News headlines from 1821

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

  • The Mexican war of Independence ends after Mexican revolutionary forces occupy Mexico City and the Spanish withdraw.
  • 30,000 Turks are massacred during the Greek war of Independence and Tripolitsa falls.
  • Antarctica is circumnavigated for the first time in an expedition led by Russian polar explorers Fabian Gottlieb von Bellinghausen.

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 1822 | Inflation Calculator.” U.S. Official Inflation Data, Alioth Finance, 10 Dec. 2018, https://www.officialdata.org/inflation-rate-in-1822.

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


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