U.S. inflation rate in 1865: 3.82%

Inflation Calculator

$

U.S. inflation rate in 1865: 3.82%

Inflation in 1865 and Its Effect on Dollar Value

Purchasing power decreased by 3.82% in 1865 compared to 1864. On average, you would have to spend 3.82% more money in 1865 than in 1864 for the same item.

In other words, $1 in 1864 is equivalent in purchasing power to about $1.04 in 1865.

The 1864 inflation rate was 24.60%. The inflation rate in 1865 was 3.82%. The 1865 inflation rate is higher compared to the average inflation rate of 1.81% per year between 1865 and 2019.

Inflation rate is calculated by change in the consumer price index (CPI). The CPI in 1865 was 16.30. It was 15.70 in the previous year, 1864. The difference in CPI between the years is used by the Bureau of Labor Statistics to officially determine inflation.


Inflation from 1864 to 1865
Average inflation rate 3.82%
Converted amount ($1 base) $1.04
Price difference ($1 base) $0.04
CPI in 1864 15.700
CPI in 1865 16.300
Inflation in 1864 24.60%
Inflation in 1865 3.82%

U.S. inflation chart since 1665


Inflation by Country

Inflation can also vary widely by country. For comparison, in the UK £1.00 in 1864 would be equivalent to £1.01 in 1865, an absolute change of £0.01 and a cumulative change of 1.12%.

Compare these numbers to the US's overall absolute change of $0.04 and total percent change of 3.82%.


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 1864 and 1865.

Compare these values to the overall average of 3.82% per year:

Category Avg Inflation (%) Total Inflation (%) $1 in 1864 → 1865
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 1864. This table and charts use the earliest available data for each category.



How to Calculate Inflation Rate for $1, 1864 to 1865

This inflation calculator uses the following inflation rate formula:

CPI in 1865CPI in 1864
×
1864 USD value
=
1865 USD value

Then plug in historical CPI values. The U.S. CPI was 15.7 in the year 1864 and 16.3 in 1865:

16.315.7
×
$1
=
$1.04

$1 in 1864 has the same "purchasing power" or "buying power" as $1.04 in 1865.

To get the total inflation rate for the 1 years between 1864 and 1865, we use the following formula:

CPI in 1865 - CPI in 1864CPI in 1864
×
100
=
Cumulative inflation rate (1 years)

Plugging in the values to this equation, we get:

16.3 - 15.715.7
×
100
=
4%

News headlines from 1864

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

  • Battle or Gate Pa occurs, where the British suffer their worst defeat of the New Zealand Wars by 230 entrenched Maori warriors in Tauranga
  • The first Geneva Convention, that governed rules of warfare, is signed by 26 nations.
  • Formal establishment of Thanksgiving as a national holiday by President Lincoln.

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 1865 | Inflation Calculator.” U.S. Official Inflation Data, Alioth Finance, 6 Dec. 2019, https://www.officialdata.org/inflation-rate-in-1865.

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.

Email · LinkedIn · Twitter


» Read more about inflation and investment.

Inflation from 1864 to 1865
Average inflation rate 3.82%
Converted amount ($1 base) $1.04
Price difference ($1 base) $0.04
CPI in 1864 15.700
CPI in 1865 16.300
Inflation in 1864 24.60%
Inflation in 1865 3.82%