U.S. inflation rate in 1828: -5.00%

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Inflation in 1828 and Its Effect on Dollar Value

Purchasing power increased by 5.00% in 1828 compared to the previous year, 1827. On average, you would have to spend 5.00% less money in 1828 than in 1827 for the same item. This is an example of deflation.

In other words, $100 in 1827 is equivalent in purchasing power to $95 in 1828.

The 1827 inflation rate was 1.01%. The inflation rate in 1828 was -5.00%. The 1828 inflation rate is lower compared to the average inflation rate of 1.74% per year between 1828 and 2018.

Inflation rate is calculated by change in the consumer price index (CPI). The CPI in 1828 was 9.5. It was 10 in the previous year, 1827. The difference in CPI between the years is used by the Bureau of Labor Statistics to officially determine inflation. Because the 1828 CPI is less than 1827 CPI, negative inflation (also known as deflation) has occurred.


Inflation from 1827 to 1828
Average inflation rate -5.00%
Converted amount ($100 base) $95
Price difference ($100 base) $-5.00
CPI in 1827 10
CPI in 1828 9.5
Inflation in 1827 1.01%
Inflation in 1828 -5.00%


U.S. inflation chart since 1665


Inflation by Country

Inflation can also vary widely by country. For comparison, in the UK £100.00 in 1827 would be equivalent to £97.20 in 1828, an absolute change of £-2.80 and a cumulative change of -2.80%.

Compare these numbers to the US's overall absolute change of $-5.00 and total percent change of -5.00%.


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 1827 and 1828.

Compare these values to the overall average of -5.000000000000004% per year:

Category Avg Inflation (%) Total Inflation (%) $100 in 1827 → 1828
Food 0.00 0.00 100.00
Shelter 0.00 0.00 100.00
Energy 0.00 0.00 100.00
Apparel 0.00 0.00 100.00
New vehicles 0.00 0.00 100.00
Used cars and trucks 0.00 0.00 100.00
Transportation services 0.00 0.00 100.00
Medical care services 0.00 0.00 100.00
Medical care commodities 0.00 0.00 100.00

It's important to note that not all categories may be tracked since 1827. This table and visualization use the earliest available data for each category.



How to Calculate Inflation Rate for $100, 1827 to 1828

This inflation calculator uses the following inflation rate formula:

CPI in 1828CPI in 1827
×
1827 USD value
=
1828 USD value

Then plug in historical CPI values. The U.S. CPI was 10 in the year 1827 and 9.5 in 1828:

9.510
×
$100
=
$95

$100 in 1827 has the same "purchasing power" or "buying power" as $95 in 1828.

To get the total inflation rate for the 1 years between 1827 and 1828, we use the following formula:

CPI in 1828 - CPI in 1827CPI in 1827
×
100
=
Cumulative inflation rate (1 years)

Plugging in the values to this equation, we get:

9.5 - 1010
×
100
=
-5%

News headlines from 1827

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

  • Opium monopoly on Java established by the Dutch Trade Company NHM
  • Duke of Wellington is chosen as supreme commander of British forces
  • Ellen Turner a wealthy Cheshire heiress, is abducted by Edward Gibbon Wakefield, he goes on to be a successful politician in New Zealand.

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 1828 | Inflation Calculator.” U.S. Official Inflation Data, Alioth Finance, 20 Aug. 2018, https://www.officialdata.org/inflation-rate-in-1828.

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


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