U.S. inflation rate in 1893: -1.10%

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Inflation in 1893 and Its Effect on Dollar Value

Purchasing power increased by 1.10% in 1893 compared to the previous year, 1892. On average, you would have to spend 1.10% less money in 1893 than in 1892 for the same item. This is an example of deflation.

In other words, $100 in 1892 is equivalent in purchasing power to $98.90 in 1893.

The 1892 inflation rate was 0.00%. The inflation rate in 1893 was -1.10%. The 1893 inflation rate is lower compared to the average inflation rate of 2.70% per year between 1893 and 2018.

Inflation rate is calculated by change in the consumer price index (CPI). The CPI in 1893 was 9. It was 9.1 in the previous year, 1892. The difference in CPI between the years is used by the Bureau of Labor Statistics to officially determine inflation. Because the 1893 CPI is less than 1892 CPI, negative inflation (also known as deflation) has occurred.


Inflation from 1892 to 1893
Average inflation rate -1.10%
Converted amount ($100 base) $98.90
Price difference ($100 base) $-1.10
CPI in 1892 9.1
CPI in 1893 9
Inflation in 1892 0.00%
Inflation in 1893 -1.10%


U.S. inflation chart since 1665


Inflation by Country

Inflation can also vary widely by country. For comparison, in the UK £100.00 in 1892 would be equivalent to £98.88 in 1893, an absolute change of £-1.12 and a cumulative change of -1.12%.

Compare these numbers to the US's overall absolute change of $-1.10 and total percent change of -1.10%.


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 1892 and 1893.

Compare these values to the overall average of -1.098901098901095% per year:

Category Avg Inflation (%) Total Inflation (%) $100 in 1892 → 1893
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 1892. This table and visualization use the earliest available data for each category.



How to Calculate Inflation Rate for $100, 1892 to 1893

This inflation calculator uses the following inflation rate formula:

CPI in 1893CPI in 1892
×
1892 USD value
=
1893 USD value

Then plug in historical CPI values. The U.S. CPI was 9.1 in the year 1892 and 9 in 1893:

99.1
×
$100
=
$98.90

$100 in 1892 has the same "purchasing power" or "buying power" as $98.90 in 1893.

To get the total inflation rate for the 1 years between 1892 and 1893, we use the following formula:

CPI in 1893 - CPI in 1892CPI in 1892
×
100
=
Cumulative inflation rate (1 years)

Plugging in the values to this equation, we get:

9 - 9.19.1
×
100
=
-1%

News headlines from 1892

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

  • Incorporation of the Coca-Cola Company in Atlanta, Georgia.
  • United States Patent Office insists it was J. W. Swan who invented the electric light carbon for the incandescent lamp, rather than Thomas Edison.
  • Lizzie Borden, a Sunday school teacher, is arrested for two murders.

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 1893 | Inflation Calculator.” U.S. Official Inflation Data, Alioth Finance, 20 Aug. 2018, https://www.officialdata.org/inflation-rate-in-1893.

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


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