Inflation in 1811 and its effect on dollar value
Purchasing power decreased by 6.50% in 1811 compared to 1810. On average, you would have to spend 6.50% more money in 1811 than in 1810 for the same item.
In other words, $1 in 1810 is equivalent in purchasing power to about $1.07 in 1811.
The 1810 inflation rate was 0.00%. The inflation rate in 1811 was 6.50%. The 1811 inflation rate is higher compared to the average inflation rate of 1.43% per year between 1811 and 2020.
Inflation rate is calculated by change in the consumer price index (CPI). The CPI in 1811 was 13.10. It was 12.30 in the previous year, 1810. The difference in CPI between the years is used by the Bureau of Labor Statistics to officially determine inflation.
Contents
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| Average inflation rate | 6.50% |
| Converted amount ($1 base) | $1.07 |
| Price difference ($1 base) | $0.07 |
| CPI in 1810 | 12.300 |
| CPI in 1811 | 13.100 |
| Inflation in 1810 | 0.00% |
| Inflation in 1811 | 6.50% |
Inflation by Country
Inflation can also vary widely by country. For comparison, in the UK £1.00 in 1810 would be equivalent to £0.97 in 1811, an absolute change of £-0.03 and a cumulative change of -2.78%.
Compare these numbers to the US's overall absolute change of $0.07 and total percent change of 6.50%.
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 1810 and 1811.
Compare these values to the overall average of 6.50% per year:
| Category | Avg Inflation (%) | Total Inflation (%) | $1 in 1810 → 1811 |
|---|---|---|---|
| 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 |
For all these visualizations, it's important to note that not all categories may have been tracked since 1810. This table and charts use the earliest available data for each category.
How to Calculate Inflation Rate for $1, 1810 to 1811
Our calculations use the following inflation rate formula to calculate the change in value between 1810 and 1811:
CPI in 1811
CPI in 1810
×
1810 USD value
=
1811 USD value
Then plug in historical CPI values. The U.S. CPI was 12.3 in the year 1810 and 13.1 in 1811:
13.112.3
×
$1
=
$1.07
$1 in 1810 has the same "purchasing power" or "buying power" as $1.07 in 1811.
To get the total inflation rate for the 1 years between 1810 and 1811, we use the following formula:
CPI in 1811 - CPI in 1810CPI in 1810
×
100
=
Cumulative inflation rate (1 years)
Plugging in the values to this equation, we get:
13.1 - 12.312.3
×
100
=
7%
News headlines from 1810
Politics and news often influence economic performance. Here's what was happening at the time:
- Buenos Aires citizens discharge the Spanish Viceroy, Cisneros in the May Revolution.
- Grito de Dolores was issued, calling for the end of Spanish rule in Mexico. The event is celebrated as Mexican Independence Day
- Andreas Hofer a Tyrolean patriot and the leader of a rebellion against Napoleon, is executed.
Data Source & Citation
Raw data for these calculations comes from the Bureau of Labor Statistics' Consumer Price Index (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 1811 | Inflation Calculator.” Official Inflation Data, Alioth Finance, 6 Jul. 2020, https://www.officialdata.org/inflation-rate-in-1811.
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.
| Average inflation rate | 6.50% |
| Converted amount ($1 base) | $1.07 |
| Price difference ($1 base) | $0.07 |
| CPI in 1810 | 12.300 |
| CPI in 1811 | 13.100 |
| Inflation in 1810 | 0.00% |
| Inflation in 1811 | 6.50% |