U.S. inflation rate in 1888: 0.00%

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Inflation in 1888 and Its Effect on Dollar Value

Purchasing power decreased by 0.00% in 1888 compared to the previous year, 1887. On average, you would have to spend 0.00% more money in 1888 than in 1887 for the same item.

In other words, $100 in 1887 is equivalent in purchasing power to $100 in 1888.

The 1887 inflation rate was 1.06%. The inflation rate in 1888 was 0.00%. The 1888 inflation rate is lower compared to the average inflation rate of 2.55% per year between 1888 and 2018.

Inflation rate is calculated by change in the consumer price index (CPI). The CPI in 1888 was 9.5. It was 9.5 in the previous year, 1887. The difference in CPI between the years is used by the Bureau of Labor Statistics to officially determine inflation.


Inflation from 1887 to 1888
Average inflation rate 0.00%
Converted amount ($100 base) $100
Price difference ($100 base) $0.00
CPI in 1887 9.5
CPI in 1888 9.5
Inflation in 1887 1.06%
Inflation in 1888 0.00%


U.S. inflation chart since 1665


Inflation by Country

Inflation can also vary widely by country. For comparison, in the UK £100.00 in 1887 would be equivalent to £101.16 in 1888, an absolute change of £1.16 and a cumulative change of 1.16%.

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 1887 and 1888.

Compare these values to the overall average of 0% per year:

Category Avg Inflation (%) Total Inflation (%) $100 in 1887 → 1888
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 1887. This table and visualization use the earliest available data for each category.



How to Calculate Inflation Rate for $100, 1887 to 1888

This inflation calculator uses the following inflation rate formula:

CPI in 1888CPI in 1887
×
1887 USD value
=
1888 USD value

Then plug in historical CPI values. The U.S. CPI was 9.5 in the year 1887 and 9.5 in 1888:

9.59.5
×
$100
=
$100

$100 in 1887 has the same "purchasing power" or "buying power" as $100 in 1888.

To get the total inflation rate for the 1 years between 1887 and 1888, we use the following formula:

CPI in 1888 - CPI in 1887CPI in 1887
×
100
=
Cumulative inflation rate (1 years)

Plugging in the values to this equation, we get:

9.5 - 9.59.5
×
100
=
0%

News headlines from 1887

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

  • 6-year-old Helen Keller, blind and deaf, begins classes with teacher Anne Sullivan.
  • Construction begins of Eiffel Tower in Paris.
  • President Abraham Lincoln is re-buried with his wife in Springfield, Illinois.

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 1888 | Inflation Calculator.” U.S. Official Inflation Data, Alioth Finance, 20 Aug. 2018, https://www.officialdata.org/inflation-rate-in-1888.

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


» Read more about inflation.