# U.S. inflation rate in 1858: -5.75%

## Inflation Calculator

\$

### Inflation in 1858 and Its Effect on Dollar Value

Purchasing power increased by 5.75% in 1858 compared to 1857. On average, you would have to spend 5.75% less money in 1858 than in 1857 for the same item. This is an example of deflation.

In other words, \$1 in 1857 is equivalent in purchasing power to about \$0.94 in 1858.

The 1857 inflation rate was 2.35%. The inflation rate in 1858 was -5.75%. The 1858 inflation rate is lower compared to the average inflation rate of 2.15% per year between 1858 and 2020.

Inflation rate is calculated by change in the consumer price index (CPI). The CPI in 1858 was 8.20. It was 8.70 in the previous year, 1857. The difference in CPI between the years is used by the Bureau of Labor Statistics to officially determine inflation. Because the 1858 CPI is less than 1857 CPI, negative inflation (also known as deflation) has occurred.

 Average inflation rate -5.75% Converted amount (\$1 base) \$0.94 Price difference (\$1 base) \$-0.06 CPI in 1857 8.700 CPI in 1858 8.200 Inflation in 1857 2.35% Inflation in 1858 -5.75%

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

### Inflation by Country

Inflation can also vary widely by country. For comparison, in the UK £1.00 in 1857 would be equivalent to £0.91 in 1858, an absolute change of £-0.09 and a cumulative change of -9.00%.

Compare these numbers to the US's overall absolute change of \$-0.06 and total percent change of -5.75%.

### 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 1857 and 1858.

Compare these values to the overall average of -5.75% per year:

Category Avg Inflation (%) Total Inflation (%) \$1 in 1857 → 1858
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 1857. This table and charts use the earliest available data for each category.

### How to Calculate Inflation Rate for \$1, 1857 to 1858

This inflation calculator uses the following inflation rate formula:

CPI in 1858CPI in 1857
×
1857 USD value
=
1858 USD value

Then plug in historical CPI values. The U.S. CPI was 8.7 in the year 1857 and 8.2 in 1858:

8.28.7
×
\$1
=
\$0.94

\$1 in 1857 has the same "purchasing power" or "buying power" as \$0.94 in 1858.

To get the total inflation rate for the 1 years between 1857 and 1858, we use the following formula:

CPI in 1858 - CPI in 1857CPI in 1857
×
100
=
Cumulative inflation rate (1 years)

Plugging in the values to this equation, we get:

8.2 - 8.78.7
×
100
=
-6%

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

• Foundation of the University of Calcutta as the first full-fledged university in South Asia.
• France and the UK declare war on China, in the Second Opium War.
• Africans denied US citizenship by a Supreme Court ruling (Dred Scott Decision).
• Queen Victoria awards the Victoria Cross to 62 recipients after the Crimean war.

### 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 1858 | Inflation Calculator.” Official Inflation Data, Alioth Finance, 4 Apr. 2020, https://www.officialdata.org/inflation-rate-in-1858.

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

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.

 Average inflation rate -5.75% Converted amount (\$1 base) \$0.94 Price difference (\$1 base) \$-0.06 CPI in 1857 8.700 CPI in 1858 8.200 Inflation in 1857 2.35% Inflation in 1858 -5.75%