$12 in 1830 → $313.05 in 2016

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$12 in 1830 → $313.05 in 2016

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U.S. Inflation Rate, $12 in 1830 to 2016

According to the Bureau of Labor Statistics consumer price index, prices in 2016 are 2,508.77% higher than average prices throughout 1830. The dollar experienced an average inflation rate of 1.77% per year during this period, meaning the real value of a dollar decreased.

In other words, $12 in 1830 is equivalent in purchasing power to about $313.05 in 2016, a difference of $301.05 over 186 years.

The 1830 inflation rate was -1.08%. The inflation rate in 2016 was 1.26%. The 2016 inflation rate is lower compared to the average inflation rate of 2.33% per year between 2016 and 2019.


Inflation from 1830 to 2016
Cumulative price change 2,508.77%
Average inflation rate 1.77%
Converted amount ($12 base) $313.05
Price difference ($12 base) $301.05
CPI in 1830 9.200
CPI in 2016 240.007
Inflation in 1830 -1.08%
Inflation in 2016 1.26%

U.S. inflation chart since 1665


Buying power of $12 in 1830

This chart shows calculation of buying power equivalence, often referred to as "the value of a dollar" over time for $12 in 1830 (price index tracking began in 1635).

According to the Bureau of Labor Statistics, each of these USD amounts below is equal in terms of what it could buy at the time:

Year Dollar Value Inflation Rate
1830 $12.00 -1.08%
1831 $11.35 -5.43%
1832 $11.22 -1.15%
1833 $10.96 -2.33%
1834 $11.22 2.38%
1835 $11.48 2.33%
1836 $12.13 5.68%
1837 $12.52 3.23%
1838 $12.13 -3.12%
1839 $12.13 0.00%
1840 $11.35 -6.45%
1841 $11.35 0.00%
1842 $10.70 -5.75%
1843 $9.65 -9.76%
1844 $9.78 1.35%
1845 $9.91 1.33%
1846 $10.04 1.32%
1847 $10.70 6.49%
1848 $10.30 -3.66%
1849 $10.04 -2.53%
1850 $10.17 1.30%
1851 $10.04 -1.28%
1852 $10.04 0.00%
1853 $10.04 0.00%
1854 $10.96 9.09%
1855 $11.35 3.57%
1856 $11.09 -2.30%
1857 $11.35 2.35%
1858 $10.70 -5.75%
1859 $10.83 1.22%
1860 $10.83 0.00%
1861 $11.48 6.02%
1862 $13.17 14.77%
1863 $16.43 24.75%
1864 $20.48 24.60%
1865 $21.26 3.82%
1866 $20.74 -2.45%
1867 $19.30 -6.92%
1868 $18.52 -4.05%
1869 $17.74 -4.23%
1870 $17.09 -3.68%
1871 $15.91 -6.87%
1872 $15.91 0.00%
1873 $15.65 -1.64%
1874 $14.87 -5.00%
1875 $14.35 -3.51%
1876 $13.96 -2.73%
1877 $13.70 -1.87%
1878 $13.04 -4.76%
1879 $13.04 0.00%
1880 $13.30 2.00%
1881 $13.30 0.00%
1882 $13.30 0.00%
1883 $13.17 -0.98%
1884 $12.78 -2.97%
1885 $12.65 -1.02%
1886 $12.26 -3.09%
1887 $12.39 1.06%
1888 $12.39 0.00%
1889 $12.00 -3.16%
1890 $11.87 -1.09%
1891 $11.87 0.00%
1892 $11.87 0.00%
1893 $11.74 -1.10%
1894 $11.22 -4.44%
1895 $10.96 -2.33%
1896 $10.96 0.00%
1897 $10.83 -1.19%
1898 $10.83 0.00%
1899 $10.83 0.00%
1900 $10.96 1.20%
1901 $11.09 1.19%
1902 $11.22 1.18%
1903 $11.48 2.33%
1904 $11.61 1.14%
1905 $11.48 -1.12%
1906 $11.74 2.27%
1907 $12.26 4.44%
1908 $12.00 -2.13%
1909 $11.87 -1.09%
1910 $12.39 4.40%
1911 $12.39 0.00%
1912 $12.65 2.11%
1913 $12.91 2.06%
1914 $13.04 1.01%
1915 $13.17 1.00%
1916 $14.22 7.92%
1917 $16.70 17.43%
1918 $19.70 17.97%
1919 $22.57 14.57%
1920 $26.09 15.61%
1921 $23.35 -10.50%
1922 $21.91 -6.15%
1923 $22.30 1.79%
1924 $22.30 0.00%
1925 $22.83 2.34%
1926 $23.09 1.14%
1927 $22.70 -1.69%
1928 $22.30 -1.72%
1929 $22.30 0.00%
1930 $21.78 -2.34%
1931 $19.83 -8.98%
1932 $17.87 -9.87%
1933 $16.96 -5.11%
1934 $17.48 3.08%
1935 $17.87 2.24%
1936 $18.13 1.46%
1937 $18.78 3.60%
1938 $18.39 -2.08%
1939 $18.13 -1.42%
1940 $18.26 0.72%
1941 $19.17 5.00%
1942 $21.26 10.88%
1943 $22.57 6.13%
1944 $22.96 1.73%
1945 $23.48 2.27%
1946 $25.43 8.33%
1947 $29.09 14.36%
1948 $31.43 8.07%
1949 $31.04 -1.24%
1950 $31.43 1.26%
1951 $33.91 7.88%
1952 $34.57 1.92%
1953 $34.83 0.75%
1954 $35.09 0.75%
1955 $34.96 -0.37%
1956 $35.48 1.49%
1957 $36.65 3.31%
1958 $37.70 2.85%
1959 $37.96 0.69%
1960 $38.61 1.72%
1961 $39.00 1.01%
1962 $39.39 1.00%
1963 $39.91 1.32%
1964 $40.43 1.31%
1965 $41.09 1.61%
1966 $42.26 2.86%
1967 $43.57 3.09%
1968 $45.39 4.19%
1969 $47.87 5.46%
1970 $50.61 5.72%
1971 $52.83 4.38%
1972 $54.52 3.21%
1973 $57.91 6.22%
1974 $64.30 11.04%
1975 $70.17 9.13%
1976 $74.22 5.76%
1977 $79.04 6.50%
1978 $85.04 7.59%
1979 $94.70 11.35%
1980 $107.48 13.50%
1981 $118.57 10.32%
1982 $125.87 6.16%
1983 $129.91 3.21%
1984 $135.52 4.32%
1985 $140.35 3.56%
1986 $142.96 1.86%
1987 $148.17 3.65%
1988 $154.30 4.14%
1989 $161.74 4.82%
1990 $170.48 5.40%
1991 $177.65 4.21%
1992 $183.00 3.01%
1993 $188.48 2.99%
1994 $193.30 2.56%
1995 $198.78 2.83%
1996 $204.65 2.95%
1997 $209.35 2.29%
1998 $212.61 1.56%
1999 $217.30 2.21%
2000 $224.61 3.36%
2001 $231.00 2.85%
2002 $234.65 1.58%
2003 $240.00 2.28%
2004 $246.39 2.66%
2005 $254.74 3.39%
2006 $262.96 3.23%
2007 $270.45 2.85%
2008 $280.83 3.84%
2009 $279.83 -0.36%
2010 $284.42 1.64%
2011 $293.40 3.16%
2012 $299.47 2.07%
2013 $303.86 1.46%
2014 $308.79 1.62%
2015 $309.15 0.12%
2016 $313.05 1.26%
2017 $319.72 2.13%
2018 $327.53 2.44%
2019 $335.49 2.43%*
* Compared to previous annual rate. Not final. See inflation summary for latest 12-month trailing value.
Click to show 180 more rows

Inflation by Country

Inflation can also vary widely by country. For comparison, in the UK £12.00 in 1830 would be equivalent to £1,257.82 in 2016, an absolute change of £1,245.82 and a cumulative change of 10,381.82%.

Compare these numbers to the US's overall absolute change of $301.05 and total percent change of 2,508.77%.


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 1830 and 2016.

Compare these values to the overall average of 1.77% per year:

Category Avg Inflation (%) Total Inflation (%) $12 in 1830 → 2016
Food and beverages 4.07 168,183.81 20,194.06
Housing 4.31 258,239.53 31,000.74
Apparel 2.09 4,627.32 567.28
Transportation 3.29 40,831.56 4,911.79
Medical care 5.25 1,369,616.52 164,365.98
Recreation 1.11 673.15 92.78
Education and communication 2.14 4,995.91 611.51
Other goods and services 5.21 1,274,455.04 152,946.60

The graph below compares inflation in categories of goods over time. Click on a category such as "Food" to toggle it on or off:

For all these visualizations, it's important to note that not all categories may have been tracked since 1830. This table and charts use the earliest available data for each category.



How to Calculate Inflation Rate for $12, 1830 to 2016

This inflation calculator uses the following inflation rate formula:

CPI in 2016CPI in 1830
×
1830 USD value
=
2016 USD value

Then plug in historical CPI values. The U.S. CPI was 9.2 in the year 1830 and 240.007 in 2016:

240.0079.2
×
$12
=
$313.05

$12 in 1830 has the same "purchasing power" or "buying power" as $313.05 in 2016.

To get the total inflation rate for the 186 years between 1830 and 2016, we use the following formula:

CPI in 2016 - CPI in 1830CPI in 1830
×
100
=
Cumulative inflation rate (186 years)

Plugging in the values to this equation, we get:

240.007 - 9.29.2
×
100
=
2,509%

News headlines from 1830

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

  • The Republic of Ecuador is founded.,Juan Jose Flores is its first president.
  • U.S. Congress authorizes the mass removal of native Indians from the eastern states to the western prairie.
  • France begins colonization in Algeria.
  • The US Railroad opens its first station in Baltimore

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: “$12 in 1830 → 2016 | Inflation Calculator.” U.S. Official Inflation Data, Alioth Finance, 13 Dec. 2019, https://www.officialdata.org/1830-dollars-in-2016?amount=12.

Special thanks to QuickChart for providing downloadable chart images.

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


About the author

Ian Webster is an engineer and data expert based in San Mateo, California. He has worked for Google, NASA, and consulted for governments around the world on data pipelines and data analysis. Disappointed by the lack of clear resources on the impacts of inflation on economic indicators, Ian believes this website serves as a valuable public tool. Ian earned his degree in Computer Science from Dartmouth College.

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Inflation from 1830 to 2016
Cumulative price change 2,508.77%
Average inflation rate 1.77%
Converted amount ($12 base) $313.05
Price difference ($12 base) $301.05
CPI in 1830 9.200
CPI in 2016 240.007
Inflation in 1830 -1.08%
Inflation in 2016 1.26%
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