# \$1 in 1855 is worth \$1.01 in 1861

\$

## Value of \$1 from 1855 to 1861

According to the Bureau of Labor Statistics consumer price index, prices in 1861 are 1.15% higher than average prices since 1855. The U.S. dollar experienced an average inflation rate of 0.19% per year during this period, causing the real value of a dollar to decrease.

In other words, \$1 in 1855 is equivalent in purchasing power to about \$1.01 in 1861, a difference of \$0.01 over 6 years.

The 1855 inflation rate was 3.57%. The inflation rate in 1861 was 6.02%. The 1861 inflation rate is higher compared to the average inflation rate of 2.14% per year between 1861 and 2020.

 Cumulative price change 1.15% Average inflation rate 0.19% Converted amount (\$1 base) \$1.01 Price difference (\$1 base) \$0.01 CPI in 1855 8.700 CPI in 1861 8.800 Inflation in 1855 3.57% Inflation in 1861 6.02%

USD Inflation since 1635
Annual Rate, the Bureau of Labor Statistics CPI

## Buying power of \$1 in 1855

This chart shows a calculation of buying power equivalence for \$1 in 1855 (price index tracking began in 1635).

For example, if you started with \$1, you would need to end with \$1.01 in order to "adjust" for inflation (sometimes refered to as "beating inflation").

When \$1 is equivalent to \$1.01 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 1855 dollars, the chart below shows how \$1 is worth less over 6 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: 1855-1861
Year Dollar Value Inflation Rate
1855 \$1.00 3.57%
1856 \$0.98 -2.30%
1857 \$1.00 2.35%
1858 \$0.94 -5.75%
1859 \$0.95 1.22%
1860 \$0.95 0.00%
1861 \$1.01 6.02%
1862 \$1.16 14.77%
1863 \$1.45 24.75%
1864 \$1.80 24.60%
1865 \$1.87 3.82%
1866 \$1.83 -2.45%
1867 \$1.70 -6.92%
1868 \$1.63 -4.05%
1869 \$1.56 -4.23%
1870 \$1.51 -3.68%
1871 \$1.40 -6.87%
1872 \$1.40 0.00%
1873 \$1.38 -1.64%
1874 \$1.31 -5.00%
1875 \$1.26 -3.51%
1876 \$1.23 -2.73%
1877 \$1.21 -1.87%
1878 \$1.15 -4.76%
1879 \$1.15 0.00%
1880 \$1.17 2.00%
1881 \$1.17 0.00%
1882 \$1.17 0.00%
1883 \$1.16 -0.98%
1884 \$1.13 -2.97%
1885 \$1.11 -1.02%
1886 \$1.08 -3.09%
1887 \$1.09 1.06%
1888 \$1.09 0.00%
1889 \$1.06 -3.16%
1890 \$1.05 -1.09%
1891 \$1.05 0.00%
1892 \$1.05 0.00%
1893 \$1.03 -1.10%
1894 \$0.99 -4.44%
1895 \$0.97 -2.33%
1896 \$0.97 0.00%
1897 \$0.95 -1.19%
1898 \$0.95 0.00%
1899 \$0.95 0.00%
1900 \$0.97 1.20%
1901 \$0.98 1.19%
1902 \$0.99 1.18%
1903 \$1.01 2.33%
1904 \$1.02 1.14%
1905 \$1.01 -1.12%
1906 \$1.03 2.27%
1907 \$1.08 4.44%
1908 \$1.06 -2.13%
1909 \$1.05 -1.09%
1910 \$1.09 4.40%
1911 \$1.09 0.00%
1912 \$1.11 2.11%
1913 \$1.14 2.06%
1914 \$1.15 1.01%
1915 \$1.16 1.00%
1916 \$1.25 7.92%
1917 \$1.47 17.43%
1918 \$1.74 17.97%
1919 \$1.99 14.57%
1920 \$2.30 15.61%
1921 \$2.06 -10.50%
1922 \$1.93 -6.15%
1923 \$1.97 1.79%
1924 \$1.97 0.00%
1925 \$2.01 2.34%
1926 \$2.03 1.14%
1927 \$2.00 -1.69%
1928 \$1.97 -1.72%
1929 \$1.97 0.00%
1930 \$1.92 -2.34%
1931 \$1.75 -8.98%
1932 \$1.57 -9.87%
1933 \$1.49 -5.11%
1934 \$1.54 3.08%
1935 \$1.57 2.24%
1936 \$1.60 1.46%
1937 \$1.66 3.60%
1938 \$1.62 -2.08%
1939 \$1.60 -1.42%
1940 \$1.61 0.72%
1941 \$1.69 5.00%
1942 \$1.87 10.88%
1943 \$1.99 6.13%
1944 \$2.02 1.73%
1945 \$2.07 2.27%
1946 \$2.24 8.33%
1947 \$2.56 14.36%
1948 \$2.77 8.07%
1949 \$2.74 -1.24%
1950 \$2.77 1.26%
1951 \$2.99 7.88%
1952 \$3.05 1.92%
1953 \$3.07 0.75%
1954 \$3.09 0.75%
1955 \$3.08 -0.37%
1956 \$3.13 1.49%
1957 \$3.23 3.31%
1958 \$3.32 2.85%
1959 \$3.34 0.69%
1960 \$3.40 1.72%
1961 \$3.44 1.01%
1962 \$3.47 1.00%
1963 \$3.52 1.32%
1964 \$3.56 1.31%
1965 \$3.62 1.61%
1966 \$3.72 2.86%
1967 \$3.84 3.09%
1968 \$4.00 4.19%
1969 \$4.22 5.46%
1970 \$4.46 5.72%
1971 \$4.66 4.38%
1972 \$4.80 3.21%
1973 \$5.10 6.22%
1974 \$5.67 11.04%
1975 \$6.18 9.13%
1976 \$6.54 5.76%
1977 \$6.97 6.50%
1978 \$7.49 7.59%
1979 \$8.34 11.35%
1980 \$9.47 13.50%
1981 \$10.45 10.32%
1982 \$11.09 6.16%
1983 \$11.45 3.21%
1984 \$11.94 4.32%
1985 \$12.37 3.56%
1986 \$12.60 1.86%
1987 \$13.06 3.65%
1988 \$13.60 4.14%
1989 \$14.25 4.82%
1990 \$15.02 5.40%
1991 \$15.66 4.21%
1992 \$16.13 3.01%
1993 \$16.61 2.99%
1994 \$17.03 2.56%
1995 \$17.52 2.83%
1996 \$18.03 2.95%
1997 \$18.45 2.29%
1998 \$18.74 1.56%
1999 \$19.15 2.21%
2000 \$19.79 3.36%
2001 \$20.36 2.85%
2002 \$20.68 1.58%
2003 \$21.15 2.28%
2004 \$21.71 2.66%
2005 \$22.45 3.39%
2006 \$23.17 3.23%
2007 \$23.83 2.85%
2008 \$24.75 3.84%
2009 \$24.66 -0.36%
2010 \$25.06 1.64%
2011 \$25.86 3.16%
2012 \$26.39 2.07%
2013 \$26.78 1.46%
2014 \$27.21 1.62%
2015 \$27.24 0.12%
2016 \$27.59 1.26%
2017 \$28.17 2.13%
2018 \$28.88 2.49%
2019 \$29.39 1.76%
2020 \$29.47 0.29%*
* Compared to previous annual rate. Not final. See inflation summary for latest 12-month trailing value.

This conversion table shows various other 1855 amounts in 1861 dollars, based on the 1.15% change in prices:

Conversion Table: Value of a dollar in 1861
Initial value Equivalent value
\$1 dollar in 1855 \$1.01 dollars in 1861
\$5 dollars in 1855 \$5.06 dollars in 1861
\$10 dollars in 1855 \$10.11 dollars in 1861
\$50 dollars in 1855 \$50.57 dollars in 1861
\$100 dollars in 1855 \$101.15 dollars in 1861
\$500 dollars in 1855 \$505.75 dollars in 1861
\$1,000 dollars in 1855 \$1,011.49 dollars in 1861
\$5,000 dollars in 1855 \$5,057.47 dollars in 1861
\$10,000 dollars in 1855 \$10,114.94 dollars in 1861
\$50,000 dollars in 1855 \$50,574.71 dollars in 1861
\$100,000 dollars in 1855 \$101,149.43 dollars in 1861
\$500,000 dollars in 1855 \$505,747.13 dollars in 1861
\$1,000,000 dollars in 1855 \$1,011,494.25 dollars in 1861

## Inflation by Country

Inflation can also vary widely by country. For comparison, in the UK £1.00 in 1855 would be equivalent to £0.90 in 1861, an absolute change of £-0.10 and a cumulative change of -9.52%.

Compare these numbers to the US's overall absolute change of \$0.01 and total percent change of 1.15%.

## 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 1855 and 1861.

Compare these values to the overall average of 0.19% per year:

Category Avg Inflation (%) Total Inflation (%) \$1 in 1855 → 1861
Food and beverages 0.00 0.00 1.00
Housing 0.00 0.00 1.00
Apparel 0.00 0.00 1.00
Transportation 0.00 0.00 1.00
Medical care 0.00 0.00 1.00
Recreation 0.00 0.00 1.00
Education and communication 0.00 0.00 1.00
Other goods and services 0.00 0.00 1.00

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 1855. This table and charts use the earliest available data for each category.

## How to Calculate Inflation Rate for \$1, 1855 to 1861

Our calculations use the following inflation rate formula to calculate the change in value between 1855 and 1861:

CPI in 1861 CPI in 1855
×
1855 USD value
=
1861 USD value

Then plug in historical CPI values. The U.S. CPI was 8.7 in the year 1855 and 8.8 in 1861:

8.88.7
×
\$1
=
\$1.01

\$1 in 1855 has the same "purchasing power" or "buying power" as \$1.01 in 1861.

To get the total inflation rate for the 6 years between 1855 and 1861, we use the following formula:

CPI in 1861 - CPI in 1855CPI in 1855
×
100
=
Cumulative inflation rate (6 years)

Plugging in the values to this equation, we get:

8.8 - 8.78.7
×
100
=
1%

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

• David Livingstone visits the Victoria Falls, becoming the first European to see it.
• Henry John Temple, Third Viscount Palmerston, forms a British government.
• A train passes a railway suspension bridge at the Niagara Falls, US for the first time.
• Kerosene is patented by Abraham Gesner.

## 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: “\$1 in 1855 → 1861 | Inflation Calculator.” Official Inflation Data, Alioth Finance, 31 May. 2020, https://www.officialdata.org/1855-dollars-in-1861?amount=1.