U.S. inflation rate in 1839: 0.00%

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Inflation in 1839 and Its Effect on Dollar Value

Purchasing power decreased by 0.00% in 1839 compared to the previous year, 1838. On average, you would have to spend 0.00% more money in 1839 than in 1838 for the same item.

In other words, $1 in 1838 is equivalent in purchasing power to $1 in 1839.

The 1838 inflation rate was -3.12%. The inflation rate in 1839 was 0.00%. The 1839 inflation rate is lower compared to the average inflation rate of 1.86% per year between 1839 and 2018.

Inflation rate is calculated by change in the consumer price index (CPI). The CPI in 1839 was 9.3. It was 9.3 in the previous year, 1838. The difference in CPI between the years is used by the Bureau of Labor Statistics to officially determine inflation.


Inflation from 1838 to 1839
Average inflation rate 0.00%
Converted amount ($1 base) $1
Price difference ($1 base) $0.00
CPI in 1838 9.300
CPI in 1839 9.300
Inflation in 1838 -3.12%
Inflation in 1839 0.00%


U.S. inflation chart since 1665


Inflation by Country

Inflation can also vary widely by country. For comparison, in the UK £1.00 in 1838 would be equivalent to £1.07 in 1839, an absolute change of £0.07 and a cumulative change of 6.86%.

Compare these numbers to the US's overall absolute change of $0.00 and total percent change of 0.00%.


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 1838 and 1839.

Compare these values to the overall average of 0.00% per year:

Category Avg Inflation (%) Total Inflation (%) $1 in 1838 → 1839
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 1838. This table and visualization use the earliest available data for each category.



How to Calculate Inflation Rate for $1, 1838 to 1839

This inflation calculator uses the following inflation rate formula:

CPI in 1839CPI in 1838
×
1838 USD value
=
1839 USD value

Then plug in historical CPI values. The U.S. CPI was 9.3 in the year 1838 and 9.3 in 1839:

9.39.3
×
$1
=
$1

$1 in 1838 has the same "purchasing power" or "buying power" as $1 in 1839.

To get the total inflation rate for the 1 years between 1838 and 1839, we use the following formula:

CPI in 1839 - CPI in 1838CPI in 1838
×
100
=
Cumulative inflation rate (1 years)

Plugging in the values to this equation, we get:

9.3 - 9.39.3
×
100
=
0%

News headlines from 1838

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

  • Samuel Morse sends the first telegraph message to Alfred Vail, in a public demonstration of the machine.
  • Queen Victoria's is crowned in Westminster Abbey.
  • Huskar Colliery Mining Disaster occurs in England, resulting in 26 children losing their lives. This leads to the "Mines and Collieries Act" which banned underground work for women and children.

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 1839 | Inflation Calculator.” U.S. Official Inflation Data, Alioth Finance, 16 Dec. 2018, https://www.officialdata.org/inflation-rate-in-1839.

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


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