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U.S. inflation rate in 1899: 0.00%

Inflation in 1899 and Its Effect on Dollar Value

Purchasing power decreased by 0.00% in 1899 compared to 1898. On average, you would have to spend 0.00% more money in 1899 than in 1898 for the same item.

In other words, \$1 in 1898 is equivalent in purchasing power to about \$1 in 1899.

The 1898 inflation rate was 0.00%. The inflation rate in 1899 was 0.00%. The 1899 inflation rate is lower compared to the average inflation rate of 2.90% per year between 1899 and 2019.

Inflation rate is calculated by change in the consumer price index (CPI). The CPI in 1899 was 8.30. It was 8.30 in the previous year, 1898. The difference in CPI between the years is used by the Bureau of Labor Statistics to officially determine inflation.

 Average inflation rate 0.00% Converted amount (\$1 base) \$1 Price difference (\$1 base) \$0.00 CPI in 1898 8.300 CPI in 1899 8.300 Inflation in 1898 0.00% Inflation in 1899 0.00%

Inflation by Country

Inflation can also vary widely by country. For comparison, in the UK £1.00 in 1898 would be equivalent to £1.01 in 1899, an absolute change of £0.01 and a cumulative change of 1.15%.

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 1898 and 1899.

Compare these values to the overall average of 0.00% per year:

Category Avg Inflation (%) Total Inflation (%) \$1 in 1898 → 1899
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 1898. This table and visualization use the earliest available data for each category.

How to Calculate Inflation Rate for \$1, 1898 to 1899

This inflation calculator uses the following inflation rate formula:

CPI in 1899CPI in 1898
×
1898 USD value
=
1899 USD value

Then plug in historical CPI values. The U.S. CPI was 8.3 in the year 1898 and 8.3 in 1899:

8.38.3
×
\$1
=
\$1

\$1 in 1898 has the same "purchasing power" or "buying power" as \$1 in 1899.

To get the total inflation rate for the 1 years between 1898 and 1899, we use the following formula:

CPI in 1899 - CPI in 1898CPI in 1898
×
100
=
Cumulative inflation rate (1 years)

Plugging in the values to this equation, we get:

8.3 - 8.38.3
×
100
=
0%

Comparison to S&P 500 Index

To help put this inflation into perspective, if we had invested \$1 in the S&P 500 index in 1898, our investment would be nominally worth approximately \$1.34 in 1899. This is a return on investment of 34.03%, with an absolute return of \$0.34.

These numbers are not inflation adjusted, so they are considered nominal. In order to evaluate the real return on our investment, we must calculate the return with inflation taken into account.

The compounding effect of inflation would account for 0.00% of returns (\$0.00) during this period. This means the inflation-adjusted real return of our \$1 investment is \$0.34.

Investment in S&P 500 Index, 1898-1899
Original Amount Final Amount Change
Nominal \$1 \$1.34 34.03%
Real
\$1 \$0.34 34.03%

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

• Anglo-Egyptian forces defeat the Sudanese army in the Battle of Atbara River
• Spanish-American War begins between U.S. and Spain after rising tensions and U.S. blockade of Cuba.
• The diesel internal combustion engine is patented by Rudolf Diesel.
• Radium is discovered by scientists Pierre and Marie Curie.

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 1899 | Inflation Calculator.” U.S. Official Inflation Data, Alioth Finance, 22 Oct. 2019, https://www.officialdata.org/inflation-rate-in-1899.