$9,454 in 1844 is worth $316,683.79 in 2018

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Value of $9,454 from 1844 to 2018

$9,454 in 1844 is equivalent in purchasing power to about $316,683.79 in 2018, an increase of $307,229.79 over 174 years. The dollar had an average inflation rate of 2.04% per year between 1844 and 2018, producing a cumulative price increase of 3,249.73%.

This means that prices in 2018 are 33.50 times higher than average prices since 1844, according to the Bureau of Labor Statistics consumer price index.

The 1844 inflation rate was 1.35%. The inflation rate in 2018 was 2.49%. The 2018 inflation rate is lower compared to the average inflation rate of 2.64% per year between 2018 and 2021.


Inflation from 1844 to 2018
Cumulative price change 3,249.73%
Average inflation rate 2.04%
Converted amount ($9,454 base) $316,683.79
Price difference ($9,454 base) $307,229.79
CPI in 1844 7.500
CPI in 2018 251.230
Inflation in 1844 1.35%
Inflation in 2018 2.49%
$9,454 in 1844 $316,683.79 in 2018

USD Inflation since 1635
Annual Rate, the Bureau of Labor Statistics CPI
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Buying power of $9,454 in 1844

This chart shows a calculation of buying power equivalence for $9,454 in 1844 (price index tracking began in 1635).

For example, if you started with $9,454, you would need to end with $316,683.79 in order to "adjust" for inflation (sometimes refered to as "beating inflation").

When $9,454 is equivalent to $316,683.79 over time, that means that the "real value" of a single U.S. dollar decreases over time. In other words, a dollar will pay for fewer items at the store.

This effect explains how inflation erodes the value of a dollar over time. By calculating the value in 1844 dollars, the chart below shows how $9,454 is worth less over 174 years.

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:

Dollar inflation: 1844-2018
Year Dollar Value Inflation Rate
1844 $9,454.00 1.35%
1845 $9,580.05 1.33%
1846 $9,706.11 1.32%
1847 $10,336.37 6.49%
1848 $9,958.21 -3.66%
1849 $9,706.11 -2.53%
1850 $9,832.16 1.30%
1851 $9,706.11 -1.28%
1852 $9,706.11 0.00%
1853 $9,706.11 0.00%
1854 $10,588.48 9.09%
1855 $10,966.64 3.57%
1856 $10,714.53 -2.30%
1857 $10,966.64 2.35%
1858 $10,336.37 -5.75%
1859 $10,462.43 1.22%
1860 $10,462.43 0.00%
1861 $11,092.69 6.02%
1862 $12,731.39 14.77%
1863 $15,882.72 24.75%
1864 $19,790.37 24.60%
1865 $20,546.69 3.82%
1866 $20,042.48 -2.45%
1867 $18,655.89 -6.92%
1868 $17,899.57 -4.05%
1869 $17,143.25 -4.23%
1870 $16,512.99 -3.68%
1871 $15,378.51 -6.87%
1872 $15,378.51 0.00%
1873 $15,126.40 -1.64%
1874 $14,370.08 -5.00%
1875 $13,865.87 -3.51%
1876 $13,487.71 -2.73%
1877 $13,235.60 -1.87%
1878 $12,605.33 -4.76%
1879 $12,605.33 0.00%
1880 $12,857.44 2.00%
1881 $12,857.44 0.00%
1882 $12,857.44 0.00%
1883 $12,731.39 -0.98%
1884 $12,353.23 -2.97%
1885 $12,227.17 -1.02%
1886 $11,849.01 -3.09%
1887 $11,975.07 1.06%
1888 $11,975.07 0.00%
1889 $11,596.91 -3.16%
1890 $11,470.85 -1.09%
1891 $11,470.85 0.00%
1892 $11,470.85 0.00%
1893 $11,344.80 -1.10%
1894 $10,840.59 -4.44%
1895 $10,588.48 -2.33%
1896 $10,588.48 0.00%
1897 $10,462.43 -1.19%
1898 $10,462.43 0.00%
1899 $10,462.43 0.00%
1900 $10,588.48 1.20%
1901 $10,714.53 1.19%
1902 $10,840.59 1.18%
1903 $11,092.69 2.33%
1904 $11,218.75 1.14%
1905 $11,092.69 -1.12%
1906 $11,344.80 2.27%
1907 $11,849.01 4.44%
1908 $11,596.91 -2.13%
1909 $11,470.85 -1.09%
1910 $11,975.07 4.40%
1911 $11,975.07 0.00%
1912 $12,227.17 2.11%
1913 $12,479.28 2.06%
1914 $12,605.33 1.01%
1915 $12,731.39 1.00%
1916 $13,739.81 7.92%
1917 $16,134.83 17.43%
1918 $19,034.05 17.97%
1919 $21,807.23 14.57%
1920 $25,210.67 15.61%
1921 $22,563.55 -10.50%
1922 $21,176.96 -6.15%
1923 $21,555.12 1.79%
1924 $21,555.12 0.00%
1925 $22,059.33 2.34%
1926 $22,311.44 1.14%
1927 $21,933.28 -1.69%
1928 $21,555.12 -1.72%
1929 $21,555.12 0.00%
1930 $21,050.91 -2.34%
1931 $19,160.11 -8.98%
1932 $17,269.31 -9.87%
1933 $16,386.93 -5.11%
1934 $16,891.15 3.08%
1935 $17,269.31 2.24%
1936 $17,521.41 1.46%
1937 $18,151.68 3.60%
1938 $17,773.52 -2.08%
1939 $17,521.41 -1.42%
1940 $17,647.47 0.72%
1941 $18,529.84 5.00%
1942 $20,546.69 10.88%
1943 $21,807.23 6.13%
1944 $22,185.39 1.73%
1945 $22,689.60 2.27%
1946 $24,580.40 8.33%
1947 $28,109.89 14.36%
1948 $30,378.85 8.07%
1949 $30,000.69 -1.24%
1950 $30,378.85 1.26%
1951 $32,773.87 7.88%
1952 $33,404.13 1.92%
1953 $33,656.24 0.75%
1954 $33,908.35 0.75%
1955 $33,782.29 -0.37%
1956 $34,286.51 1.49%
1957 $35,420.99 3.31%
1958 $36,429.41 2.85%
1959 $36,681.52 0.69%
1960 $37,311.79 1.72%
1961 $37,689.95 1.01%
1962 $38,068.11 1.00%
1963 $38,572.32 1.32%
1964 $39,076.53 1.31%
1965 $39,706.80 1.61%
1966 $40,841.28 2.86%
1967 $42,101.81 3.09%
1968 $43,866.56 4.19%
1969 $46,261.57 5.46%
1970 $48,908.69 5.72%
1971 $51,051.60 4.38%
1972 $52,690.29 3.21%
1973 $55,967.68 6.22%
1974 $62,144.29 11.04%
1975 $67,816.69 9.13%
1976 $71,724.35 5.76%
1977 $76,388.32 6.50%
1978 $82,186.77 7.59%
1979 $91,514.72 11.35%
1980 $103,867.95 13.50%
1981 $114,582.48 10.32%
1982 $121,641.47 6.16%
1983 $125,549.12 3.21%
1984 $130,969.41 4.32%
1985 $135,633.39 3.56%
1986 $138,154.45 1.86%
1987 $143,196.59 3.65%
1988 $149,121.09 4.14%
1989 $156,306.13 4.82%
1990 $164,751.71 5.40%
1991 $171,684.64 4.21%
1992 $176,852.83 3.01%
1993 $182,147.07 2.99%
1994 $186,811.04 2.56%
1995 $192,105.28 2.83%
1996 $197,777.68 2.95%
1997 $202,315.60 2.29%
1998 $205,466.93 1.56%
1999 $210,004.85 2.21%
2000 $217,063.84 3.36%
2001 $223,240.45 2.85%
2002 $226,769.95 1.58%
2003 $231,938.13 2.28%
2004 $238,114.75 2.66%
2005 $246,182.16 3.39%
2006 $254,123.52 3.23%
2007 $261,361.50 2.85%
2008 $271,396.61 3.84%
2009 $270,431.04 -0.36%
2010 $274,866.86 1.64%
2011 $283,543.11 3.16%
2012 $289,410.89 2.07%
2013 $293,650.06 1.46%
2014 $298,413.62 1.62%
2015 $298,767.83 0.12%
2016 $302,536.82 1.26%
2017 $308,981.93 2.13%
2018 $316,683.79 2.49%
2019 $322,264.80 1.76%
2020 $326,240.73 1.23%
2021 $342,481.86 4.98%*
* Compared to previous annual rate. Not final. See inflation summary for latest 12-month trailing value.
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This conversion table shows various other 1844 amounts in 2018 dollars, based on the 3,249.73% change in prices:

Conversion: 1844 dollars in 2018
Initial value Equivalent value
$1 dollar in 1844 $33.50 dollars in 2018
$5 dollars in 1844 $167.49 dollars in 2018
$10 dollars in 1844 $334.97 dollars in 2018
$50 dollars in 1844 $1,674.87 dollars in 2018
$100 dollars in 1844 $3,349.73 dollars in 2018
$500 dollars in 1844 $16,748.67 dollars in 2018
$1,000 dollars in 1844 $33,497.33 dollars in 2018
$5,000 dollars in 1844 $167,486.67 dollars in 2018
$10,000 dollars in 1844 $334,973.33 dollars in 2018
$50,000 dollars in 1844 $1,674,866.67 dollars in 2018
$100,000 dollars in 1844 $3,349,733.33 dollars in 2018
$500,000 dollars in 1844 $16,748,666.67 dollars in 2018
$1,000,000 dollars in 1844 $33,497,333.33 dollars in 2018

Inflation by Country

Inflation can also vary widely by country. For comparison, in the UK £9,454.00 in 1844 would be equivalent to £1,172,638.36 in 2018, an absolute change of £1,163,184.36 and a cumulative change of 12,303.62%.

Compare these numbers to the US's overall absolute change of $307,229.79 and total percent change of 3,249.73%.


Inflation by Spending Category

CPI is the weighted combination of many categories of spending that are tracked by the government. Breaking down these categories helps explain the main drivers behind price changes. This chart shows the average rate of inflation for select CPI categories between 1844 and 2018.

Compare these values to the overall average of 2.04% per year:

Category Avg Inflation (%) Total Inflation (%) $9,454 in 1844 → 2018
Food and beverages 3.96 85,667.58 8,108,467.30
Housing 4.26 141,950.44 13,429,448.22
Apparel 2.05 3,323.73 323,679.80
Transportation 3.30 28,442.93 2,698,448.56
Medical care 4.76 327,531.12 30,974,245.84
Recreation 1.09 558.15 62,221.70
Education and communication 1.89 2,518.51 247,553.78
Other goods and services 5.10 569,791.82 53,877,572.42

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 1844. This table and charts use the earliest available data for each category.



How to Calculate Inflation Rate for $9,454, 1844 to 2018

Our calculations use the following inflation rate formula to calculate the change in value between 1844 and 2018:

CPI in 2018 CPI in 1844
×
1844 USD value
=
2018 USD value

Then plug in historical CPI values. The U.S. CPI was 7.5 in the year 1844 and 251.23 in 2018:

251.237.5
×
$9,454
=
$316,683.79

$9,454 in 1844 has the same "purchasing power" or "buying power" as $316,683.79 in 2018.

To get the total inflation rate for the 174 years between 1844 and 2018, we use the following formula:

CPI in 2018 - CPI in 1844CPI in 1844
×
100
=
Cumulative inflation rate (174 years)

Plugging in the values to this equation, we get:

251.23 - 7.57.5
×
100
=
3,250%

News headlines from 1844

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

  • The World's first telegraph message containing "What hath God wrought", is sent by Samuel Morse.
  • Discovery of Lake Tahoe in the US by a European, called John C. Fremont.
  • Haiti gains its Independence from the Dominican Republic, now celebrated as their National Day.

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: “$9,454 in 1844 → 2018 | Inflation Calculator.” Official Inflation Data, Alioth Finance, 3 Aug. 2021, https://www.officialdata.org/1844-dollars-in-2018?amount=9454.

Special thanks to QuickChart for their chart image API, which is used for chart downloads.

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


Ian Webster

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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» Read more about inflation and investment.

Inflation from 1844 to 2018
Cumulative price change 3,249.73%
Average inflation rate 2.04%
Converted amount ($9,454 base) $316,683.79
Price difference ($9,454 base) $307,229.79
CPI in 1844 7.500
CPI in 2018 251.230
Inflation in 1844 1.35%
Inflation in 2018 2.49%
$9,454 in 1844 $316,683.79 in 2018