\$1 in 1860 is worth \$1.02 in 1856

\$

Value of \$1 from 1860 to 1856

According to the Bureau of Labor Statistics consumer price index, prices in 1856 are 2.41% higher than average prices since 1860. The U.S. dollar experienced an average deflation rate of -0.59% per year during this period, causing the real value of a dollar to increase.

In other words, \$1 in 1860 is equivalent in purchasing power to about \$1.02 in 1856, a difference of \$0.02 over 4 years.

The 1856 inflation rate was -2.30%. The inflation rate in 1860 was 0.00%. The 1860 inflation rate is lower compared to the average inflation rate of 2.18% per year between 1860 and 2020.

 Cumulative price change 2.41% Average inflation rate -0.59% Converted amount (\$1 base) \$1.02 Price difference (\$1 base) \$0.02 CPI in 1860 8.300 CPI in 1856 8.500 Inflation in 1856 -2.30% Inflation in 1860 0.00%

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

Buying power of \$1 in 1856

This chart shows a calculation of buying power equivalence for \$1 in 1856 (price index tracking began in 1635).

For example, if you started with \$1, you would need to end with \$1.02 in order to "adjust" for inflation (sometimes refered to as "beating inflation").

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: 1856-1860
Year Dollar Value Inflation Rate
1856 \$1.00 -2.30%
1857 \$1.02 2.35%
1858 \$0.96 -5.75%
1859 \$0.98 1.22%
1860 \$0.98 0.00%
1861 \$1.04 6.02%
1862 \$1.19 14.77%
1863 \$1.48 24.75%
1864 \$1.85 24.60%
1865 \$1.92 3.82%
1866 \$1.87 -2.45%
1867 \$1.74 -6.92%
1868 \$1.67 -4.05%
1869 \$1.60 -4.23%
1870 \$1.54 -3.68%
1871 \$1.44 -6.87%
1872 \$1.44 0.00%
1873 \$1.41 -1.64%
1874 \$1.34 -5.00%
1875 \$1.29 -3.51%
1876 \$1.26 -2.73%
1877 \$1.24 -1.87%
1878 \$1.18 -4.76%
1879 \$1.18 0.00%
1880 \$1.20 2.00%
1881 \$1.20 0.00%
1882 \$1.20 0.00%
1883 \$1.19 -0.98%
1884 \$1.15 -2.97%
1885 \$1.14 -1.02%
1886 \$1.11 -3.09%
1887 \$1.12 1.06%
1888 \$1.12 0.00%
1889 \$1.08 -3.16%
1890 \$1.07 -1.09%
1891 \$1.07 0.00%
1892 \$1.07 0.00%
1893 \$1.06 -1.10%
1894 \$1.01 -4.44%
1895 \$0.99 -2.33%
1896 \$0.99 0.00%
1897 \$0.98 -1.19%
1898 \$0.98 0.00%
1899 \$0.98 0.00%
1900 \$0.99 1.20%
1901 \$1.00 1.19%
1902 \$1.01 1.18%
1903 \$1.04 2.33%
1904 \$1.05 1.14%
1905 \$1.04 -1.12%
1906 \$1.06 2.27%
1907 \$1.11 4.44%
1908 \$1.08 -2.13%
1909 \$1.07 -1.09%
1910 \$1.12 4.40%
1911 \$1.12 0.00%
1912 \$1.14 2.11%
1913 \$1.16 2.06%
1914 \$1.18 1.01%
1915 \$1.19 1.00%
1916 \$1.28 7.92%
1917 \$1.51 17.43%
1918 \$1.78 17.97%
1919 \$2.04 14.57%
1920 \$2.35 15.61%
1921 \$2.11 -10.50%
1922 \$1.98 -6.15%
1923 \$2.01 1.79%
1924 \$2.01 0.00%
1925 \$2.06 2.34%
1926 \$2.08 1.14%
1927 \$2.05 -1.69%
1928 \$2.01 -1.72%
1929 \$2.01 0.00%
1930 \$1.96 -2.34%
1931 \$1.79 -8.98%
1932 \$1.61 -9.87%
1933 \$1.53 -5.11%
1934 \$1.58 3.08%
1935 \$1.61 2.24%
1936 \$1.64 1.46%
1937 \$1.69 3.60%
1938 \$1.66 -2.08%
1939 \$1.64 -1.42%
1940 \$1.65 0.72%
1941 \$1.73 5.00%
1942 \$1.92 10.88%
1943 \$2.04 6.13%
1944 \$2.07 1.73%
1945 \$2.12 2.27%
1946 \$2.29 8.33%
1947 \$2.62 14.36%
1948 \$2.84 8.07%
1949 \$2.80 -1.24%
1950 \$2.84 1.26%
1951 \$3.06 7.88%
1952 \$3.12 1.92%
1953 \$3.14 0.75%
1954 \$3.16 0.75%
1955 \$3.15 -0.37%
1956 \$3.20 1.49%
1957 \$3.31 3.31%
1958 \$3.40 2.85%
1959 \$3.42 0.69%
1960 \$3.48 1.72%
1961 \$3.52 1.01%
1962 \$3.55 1.00%
1963 \$3.60 1.32%
1964 \$3.65 1.31%
1965 \$3.71 1.61%
1966 \$3.81 2.86%
1967 \$3.93 3.09%
1968 \$4.09 4.19%
1969 \$4.32 5.46%
1970 \$4.56 5.72%
1971 \$4.76 4.38%
1972 \$4.92 3.21%
1973 \$5.22 6.22%
1974 \$5.80 11.04%
1975 \$6.33 9.13%
1976 \$6.69 5.76%
1977 \$7.13 6.50%
1978 \$7.67 7.59%
1979 \$8.54 11.35%
1980 \$9.69 13.50%
1981 \$10.69 10.32%
1982 \$11.35 6.16%
1983 \$11.72 3.21%
1984 \$12.22 4.32%
1985 \$12.66 3.56%
1986 \$12.89 1.86%
1987 \$13.36 3.65%
1988 \$13.92 4.14%
1989 \$14.59 4.82%
1990 \$15.38 5.40%
1991 \$16.02 4.21%
1992 \$16.51 3.01%
1993 \$17.00 2.99%
1994 \$17.44 2.56%
1995 \$17.93 2.83%
1996 \$18.46 2.95%
1997 \$18.88 2.29%
1998 \$19.18 1.56%
1999 \$19.60 2.21%
2000 \$20.26 3.36%
2001 \$20.84 2.85%
2002 \$21.16 1.58%
2003 \$21.65 2.28%
2004 \$22.22 2.66%
2005 \$22.98 3.39%
2006 \$23.72 3.23%
2007 \$24.39 2.85%
2008 \$25.33 3.84%
2009 \$25.24 -0.36%
2010 \$25.65 1.64%
2011 \$26.46 3.16%
2012 \$27.01 2.07%
2013 \$27.41 1.46%
2014 \$27.85 1.62%
2015 \$27.88 0.12%
2016 \$28.24 1.26%
2017 \$28.84 2.13%
2018 \$29.56 2.49%
2019 \$30.08 1.76%
2020 \$30.62 1.81%*
* Compared to previous annual rate. Not final. See inflation summary for latest 12-month trailing value.

This conversion table shows various other 1856 amounts in 1860 dollars, based on the 2.41% change in prices:

Conversion Table: Value of a dollar in 1860
Initial value Equivalent value
\$1 dollar in 1856 \$0.98 dollars in 1860
\$5 dollars in 1856 \$4.88 dollars in 1860
\$10 dollars in 1856 \$9.76 dollars in 1860
\$50 dollars in 1856 \$48.82 dollars in 1860
\$100 dollars in 1856 \$97.65 dollars in 1860
\$500 dollars in 1856 \$488.24 dollars in 1860
\$1,000 dollars in 1856 \$976.47 dollars in 1860
\$5,000 dollars in 1856 \$4,882.35 dollars in 1860
\$10,000 dollars in 1856 \$9,764.71 dollars in 1860
\$50,000 dollars in 1856 \$48,823.53 dollars in 1860
\$100,000 dollars in 1856 \$97,647.06 dollars in 1860
\$500,000 dollars in 1856 \$488,235.29 dollars in 1860
\$1,000,000 dollars in 1856 \$976,470.59 dollars in 1860

Inflation by Country

Inflation can also vary widely by country. For comparison, in the UK £1.00 in 1860 would be equivalent to £1.13 in 1856, an absolute change of £0.13 and a cumulative change of 12.90%.

Compare these numbers to the US's overall absolute change of \$0.02 and total percent change of 2.41%.

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 1860 and 1856.

Compare these values to the overall average of -0.59% per year:

Category Avg Inflation (%) Total Inflation (%) \$1 in 1856 → 1860
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 1860. This table and charts use the earliest available data for each category.

How to Calculate Inflation Rate for \$1, 1856 to 1860

Our calculations use the following inflation rate formula to calculate the change in value between 1856 and 1860:

CPI in 1856 CPI in 1860
×
1860 USD value
=
1856 USD value

Then plug in historical CPI values. The U.S. CPI was 8.3 in the year 1860 and 8.5 in 1856:

8.58.3
×
\$1
=
\$1.02

\$1 in 1860 has the same "purchasing power" or "buying power" as \$1.02 in 1856.

To get the total inflation rate for the 4 years between 1856 and 1860, we use the following formula:

CPI in 1856 - CPI in 1860CPI in 1860
×
100
=
Cumulative inflation rate (4 years)

Plugging in the values to this equation, we get:

8.5 - 8.38.3
×
100
=
2%

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

• Abraham Lincoln becomes the 16th President of the U.S.
• Slavery ends in the Dutch East Indies.

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 1860 → 1856 | Inflation Calculator.” Official Inflation Data, Alioth Finance, 26 Oct. 2020, https://www.officialdata.org/us/inflation/1860?amount=1&endYear=1856.

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.