U.S. inflation rate in 1877: -1.87%

Inflation Calculator

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Inflation in 1877 and Its Effect on Dollar Value

Purchasing power increased by 1.87% in 1877 compared to the previous year, 1876. On average, you would have to spend 1.87% less money in 1877 than in 1876 for the same item. This is an example of deflation.

In other words, $100 in 1876 is equivalent in purchasing power to $98.13 in 1877.

The 1876 inflation rate was -2.73%. The inflation rate in 1877 was -1.87%. The 1877 inflation rate is lower compared to the average inflation rate of 2.28% per year between 1877 and 2018.

Inflation rate is calculated by change in the consumer price index (CPI). The CPI in 1877 was 10.5. It was 10.7 in the previous year, 1876. The difference in CPI between the years is used by the Bureau of Labor Statistics to officially determine inflation. Because the 1877 CPI is less than 1876 CPI, negative inflation (also known as deflation) has occurred.


Inflation from 1876 to 1877
Average inflation rate -1.87%
Converted amount ($100 base) $98.13
Price difference ($100 base) $-1.87
CPI in 1876 10.7
CPI in 1877 10.5
Inflation in 1876 -2.73%
Inflation in 1877 -1.87%


U.S. inflation chart since 1665


Inflation by Country

Inflation can also vary widely by country. For comparison, in the UK £100.00 in 1876 would be equivalent to £98.98 in 1877, an absolute change of £-1.02 and a cumulative change of -1.02%.

Compare these numbers to the US's overall absolute change of $-1.87 and total percent change of -1.87%.


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 1876 and 1877.

Compare these values to the overall average of -1.869158878504662% per year:

Category Avg Inflation (%) Total Inflation (%) $100 in 1876 → 1877
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 1876. This table and visualization use the earliest available data for each category.



How to Calculate Inflation Rate for $100, 1876 to 1877

This inflation calculator uses the following inflation rate formula:

CPI in 1877CPI in 1876
×
1876 USD value
=
1877 USD value

Then plug in historical CPI values. The U.S. CPI was 10.7 in the year 1876 and 10.5 in 1877:

10.510.7
×
$100
=
$98.13

$100 in 1876 has the same "purchasing power" or "buying power" as $98.13 in 1877.

To get the total inflation rate for the 1 years between 1876 and 1877, we use the following formula:

CPI in 1877 - CPI in 1876CPI in 1876
×
100
=
Cumulative inflation rate (1 years)

Plugging in the values to this equation, we get:

10.5 - 10.710.7
×
100
=
-2%

News headlines from 1876

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

  • Alexander Graham Bell patents the telephone.
  • Alexander Graham Bell makes the World’s first telephone call, to his assistant Thomas Watson.
  • Battle of the Little Bighorn takes place under the command of Lieutenant Colonel George Armstrong Custer. The Sioux and Cheyenne destroy his cavalry and he is also killed in battle.
  • Julius Wolff, Eastport in Maine, cans sardines for the first time.

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 1877 | Inflation Calculator.” U.S. Official Inflation Data, Alioth Finance, 18 Aug. 2018, https://www.officialdata.org/inflation-rate-in-1877.

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


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