U.S. inflation rate in 1859: 1.22%

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Inflation in 1859 and Its Effect on Dollar Value

Purchasing power decreased by 1.22% in 1859 compared to the previous year, 1858. On average, you would have to spend 1.22% more money in 1859 than in 1858 for the same item.

In other words, $1 in 1858 is equivalent in purchasing power to $1.01 in 1859.

The 1858 inflation rate was -5.75%. The inflation rate in 1859 was 1.22%. The 1859 inflation rate is lower compared to the average inflation rate of 2.17% per year between 1859 and 2018.

Inflation rate is calculated by change in the consumer price index (CPI). The CPI in 1859 was 8.3. It was 8.2 in the previous year, 1858. The difference in CPI between the years is used by the Bureau of Labor Statistics to officially determine inflation.


Inflation from 1858 to 1859
Average inflation rate 1.22%
Converted amount ($1 base) $1.01
Price difference ($1 base) $0.01
CPI in 1858 8.200
CPI in 1859 8.300
Inflation in 1858 -5.75%
Inflation in 1859 1.22%


U.S. inflation chart since 1665


Inflation by Country

Inflation can also vary widely by country. For comparison, in the UK £1.00 in 1858 would be equivalent to £0.99 in 1859, an absolute change of £-0.01 and a cumulative change of -1.10%.

Compare these numbers to the US's overall absolute change of $0.01 and total percent change of 1.22%.


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 1858 and 1859.

Compare these values to the overall average of 1.22% per year:

Category Avg Inflation (%) Total Inflation (%) $1 in 1858 → 1859
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 1858. This table and visualization use the earliest available data for each category.



How to Calculate Inflation Rate for $1, 1858 to 1859

This inflation calculator uses the following inflation rate formula:

CPI in 1859CPI in 1858
×
1858 USD value
=
1859 USD value

Then plug in historical CPI values. The U.S. CPI was 8.2 in the year 1858 and 8.3 in 1859:

8.38.2
×
$1
=
$1.01

$1 in 1858 has the same "purchasing power" or "buying power" as $1.01 in 1859.

To get the total inflation rate for the 1 years between 1858 and 1859, we use the following formula:

CPI in 1859 - CPI in 1858CPI in 1858
×
100
=
Cumulative inflation rate (1 years)

Plugging in the values to this equation, we get:

8.3 - 8.28.2
×
100
=
1%

News headlines from 1858

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

  • Fourteen-year-old Bernadette of Lourdes had her first vision of the Virgin Mary.
  • Recasting begins of "Big Ben" in the Tower of Westminster. Big ben weighs over 13 tons.
  • Abraham Lincoln accepts the Republican Party's nomination for Senate, saying: "A house divided against itself cannot stand."
  • Transfer of the Government of India to the British Crown.

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 1859 | Inflation Calculator.” U.S. Official Inflation Data, Alioth Finance, 16 Dec. 2018, https://www.officialdata.org/inflation-rate-in-1859.

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


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