U.S. inflation rate in 1855: 3.57%

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Inflation in 1855 and Its Effect on Dollar Value

Purchasing power decreased by 3.57% in 1855 compared to the previous year, 1854. On average, you would have to spend 3.57% more money in 1855 than in 1854 for the same item.

In other words, $1 in 1854 is equivalent in purchasing power to $1.04 in 1855.

The 1854 inflation rate was 9.09%. The inflation rate in 1855 was 3.57%. The 1855 inflation rate is higher compared to the average inflation rate of 2.09% per year between 1855 and 2018.

Inflation rate is calculated by change in the consumer price index (CPI). The CPI in 1855 was 8.7. It was 8.4 in the previous year, 1854. The difference in CPI between the years is used by the Bureau of Labor Statistics to officially determine inflation.


Inflation from 1854 to 1855
Average inflation rate 3.57%
Converted amount ($1 base) $1.04
Price difference ($1 base) $0.04
CPI in 1854 8.400
CPI in 1855 8.700
Inflation in 1854 9.09%
Inflation in 1855 3.57%


U.S. inflation chart since 1665


Inflation by Country

Inflation can also vary widely by country. For comparison, in the UK £1.00 in 1854 would be equivalent to £1.03 in 1855, an absolute change of £0.03 and a cumulative change of 2.94%.

Compare these numbers to the US's overall absolute change of $0.04 and total percent change of 3.57%.


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 1854 and 1855.

Compare these values to the overall average of 3.57% per year:

Category Avg Inflation (%) Total Inflation (%) $1 in 1854 → 1855
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 1854. This table and visualization use the earliest available data for each category.



How to Calculate Inflation Rate for $1, 1854 to 1855

This inflation calculator uses the following inflation rate formula:

CPI in 1855CPI in 1854
×
1854 USD value
=
1855 USD value

Then plug in historical CPI values. The U.S. CPI was 8.4 in the year 1854 and 8.7 in 1855:

8.78.4
×
$1
=
$1.04

$1 in 1854 has the same "purchasing power" or "buying power" as $1.04 in 1855.

To get the total inflation rate for the 1 years between 1854 and 1855, we use the following formula:

CPI in 1855 - CPI in 1854CPI in 1854
×
100
=
Cumulative inflation rate (1 years)

Plugging in the values to this equation, we get:

8.7 - 8.48.4
×
100
=
4%

News headlines from 1854

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

  • The Republican Party is formally founded at Ripon, Wisconsin.
  • War is declared against Russia (Crimean War) by France and Great Britain.
  • The Light Brigade is stormed during Battle of Balaclava leaving 409 dead.
  • More than 20 goldminers are killed at at Ballarat, Victoria, for rising up against mining licences. The goldminers were killed by state troopers and the event became known as the Eureka Stockade.

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 1855 | Inflation Calculator.” U.S. Official Inflation Data, Alioth Finance, 15 Dec. 2018, https://www.officialdata.org/inflation-rate-in-1855.

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


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