$1 in 1854 is worth $0.97 in 1854

Value of $1 from 1855 to 1854

According to the Bureau of Labor Statistics consumer price index, prices in 1854 are 3.45% lower than average prices since 1855. The U.S. dollar experienced an average inflation rate of 3.57% 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 $0.97 in 1854.

The 1854 inflation rate was 9.09%. The inflation rate in 1855 was 3.57%. The 1855 inflation rate is higher compared to the average inflation rate of 2.07% per year between 1855 and 2020.


Inflation from 1855 to 1854
Average inflation rate 3.57%
Converted amount ($1 base) $0.97
Price difference ($1 base) $-0.03
CPI in 1855 8.700
CPI in 1854 8.400
Inflation in 1854 9.09%
Inflation in 1855 3.57%

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

Inflation by Country

Inflation can also vary widely by country. For comparison, in the UK £1.00 in 1855 would be equivalent to £0.97 in 1854, an absolute change of £-0.03 and a cumulative change of -2.86%.

Compare these numbers to the US's overall absolute change of $-0.03 and total percent change of -3.45%.


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 1854.

Compare these values to the overall average of 3.57% per year:

Category Avg Inflation (%) Total Inflation (%) $1 in 1854 → 1855
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 1855. This table and charts use the earliest available data for each category.



How to Calculate Inflation Rate for $1, 1854 to 1855

Our calculations use the following inflation rate formula to calculate the change in value between 1854 and 1855:

CPI in 1854 CPI in 1855
×
1855 USD value
=
1854 USD value

Then plug in historical CPI values. The U.S. CPI was 8.7 in the year 1855 and 8.4 in 1854:

8.48.7
×
$1
=
$0.97

$1 in 1855 has the same "purchasing power" or "buying power" as $0.97 in 1854.

To get the total inflation rate for the 1 years between 1854 and 1855, we use the following formula:

CPI in 1854 - CPI in 1855CPI in 1855
×
100
=
Cumulative inflation rate (1 years)

Plugging in the values to this equation, we get:

8.4 - 8.78.7
×
100
=
-3%

News headlines from 1854

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 → 1854 | Inflation Calculator.” Official Inflation Data, Alioth Finance, 26 May. 2020, https://www.officialdata.org/us/inflation/1855?amount=1&endYear=1854.

Special thanks to QuickChart for providing downloadable chart images.

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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Inflation from 1855 to 1854
Average inflation rate 3.57%
Converted amount ($1 base) $0.97
Price difference ($1 base) $-0.03
CPI in 1855 8.700
CPI in 1854 8.400
Inflation in 1854 9.09%
Inflation in 1855 3.57%