# \$1 in 1860 is worth \$1.92 in 1866

\$

## Value of \$1 from 1860 to 1866

According to the Bureau of Labor Statistics consumer price index, prices in 1866 are 91.57% higher than average prices since 1860. The U.S. dollar experienced an average inflation rate of 11.44% per year during this period, causing the real value of a dollar to decrease.

In other words, \$1 in 1860 is equivalent in purchasing power to about \$1.92 in 1866, a difference of \$0.92 over 6 years.

The 1860 inflation rate was 0.00%. The inflation rate in 1866 was -2.45%. The 1866 inflation rate is lower compared to the average inflation rate of 1.83% per year between 1866 and 2020.

 Cumulative price change 91.57% Average inflation rate 11.44% Converted amount (\$1 base) \$1.92 Price difference (\$1 base) \$0.92 CPI in 1860 8.300 CPI in 1866 15.900 Inflation in 1860 0.00% Inflation in 1866 -2.45%

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

## Buying power of \$1 in 1860

This chart shows a calculation of buying power equivalence for \$1 in 1860 (price index tracking began in 1635).

For example, if you started with \$1, you would need to end with \$1.92 in order to "adjust" for inflation (sometimes refered to as "beating inflation").

When \$1 is equivalent to \$1.92 over time, that means that the "real value" of a single U.S. dollar decreases over time. In other words, a dollar will pay for fewer items at the store.

This effect explains how inflation erodes the value of a dollar over time. By calculating the value in 1860 dollars, the chart below shows how \$1 is worth less over 6 years.

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: 1860-1866
Year Dollar Value Inflation Rate
1860 \$1.00 -
1861 \$1.06 6.02%
1862 \$1.22 14.77%
1863 \$1.52 24.75%
1864 \$1.89 24.60%
1865 \$1.96 3.82%
1866 \$1.92 -2.45%
1867 \$1.78 -6.92%
1868 \$1.71 -4.05%
1869 \$1.64 -4.23%
1870 \$1.58 -3.68%
1871 \$1.47 -6.87%
1872 \$1.47 0.00%
1873 \$1.45 -1.64%
1874 \$1.37 -5.00%
1875 \$1.33 -3.51%
1876 \$1.29 -2.73%
1877 \$1.27 -1.87%
1878 \$1.20 -4.76%
1879 \$1.20 0.00%
1880 \$1.23 2.00%
1881 \$1.23 0.00%
1882 \$1.23 0.00%
1883 \$1.22 -0.98%
1884 \$1.18 -2.97%
1885 \$1.17 -1.02%
1886 \$1.13 -3.09%
1887 \$1.14 1.06%
1888 \$1.14 0.00%
1889 \$1.11 -3.16%
1890 \$1.10 -1.09%
1891 \$1.10 0.00%
1892 \$1.10 0.00%
1893 \$1.08 -1.10%
1894 \$1.04 -4.44%
1895 \$1.01 -2.33%
1896 \$1.01 0.00%
1897 \$1.00 -1.19%
1898 \$1.00 0.00%
1899 \$1.00 0.00%
1900 \$1.01 1.20%
1901 \$1.02 1.19%
1902 \$1.04 1.18%
1903 \$1.06 2.33%
1904 \$1.07 1.14%
1905 \$1.06 -1.12%
1906 \$1.08 2.27%
1907 \$1.13 4.44%
1908 \$1.11 -2.13%
1909 \$1.10 -1.09%
1910 \$1.14 4.40%
1911 \$1.14 0.00%
1912 \$1.17 2.11%
1913 \$1.19 2.06%
1914 \$1.20 1.01%
1915 \$1.22 1.00%
1916 \$1.31 7.92%
1917 \$1.54 17.43%
1918 \$1.82 17.97%
1919 \$2.08 14.57%
1920 \$2.41 15.61%
1921 \$2.16 -10.50%
1922 \$2.02 -6.15%
1923 \$2.06 1.79%
1924 \$2.06 0.00%
1925 \$2.11 2.34%
1926 \$2.13 1.14%
1927 \$2.10 -1.69%
1928 \$2.06 -1.72%
1929 \$2.06 0.00%
1930 \$2.01 -2.34%
1931 \$1.83 -8.98%
1932 \$1.65 -9.87%
1933 \$1.57 -5.11%
1934 \$1.61 3.08%
1935 \$1.65 2.24%
1936 \$1.67 1.46%
1937 \$1.73 3.60%
1938 \$1.70 -2.08%
1939 \$1.67 -1.42%
1940 \$1.69 0.72%
1941 \$1.77 5.00%
1942 \$1.96 10.88%
1943 \$2.08 6.13%
1944 \$2.12 1.73%
1945 \$2.17 2.27%
1946 \$2.35 8.33%
1947 \$2.69 14.36%
1948 \$2.90 8.07%
1949 \$2.87 -1.24%
1950 \$2.90 1.26%
1951 \$3.13 7.88%
1952 \$3.19 1.92%
1953 \$3.22 0.75%
1954 \$3.24 0.75%
1955 \$3.23 -0.37%
1956 \$3.28 1.49%
1957 \$3.39 3.31%
1958 \$3.48 2.85%
1959 \$3.51 0.69%
1960 \$3.57 1.72%
1961 \$3.60 1.01%
1962 \$3.64 1.00%
1963 \$3.69 1.32%
1964 \$3.73 1.31%
1965 \$3.80 1.61%
1966 \$3.90 2.86%
1967 \$4.02 3.09%
1968 \$4.19 4.19%
1969 \$4.42 5.46%
1970 \$4.67 5.72%
1971 \$4.88 4.38%
1972 \$5.04 3.21%
1973 \$5.35 6.22%
1974 \$5.94 11.04%
1975 \$6.48 9.13%
1976 \$6.86 5.76%
1977 \$7.30 6.50%
1978 \$7.86 7.59%
1979 \$8.75 11.35%
1980 \$9.93 13.50%
1981 \$10.95 10.32%
1982 \$11.63 6.16%
1983 \$12.00 3.21%
1984 \$12.52 4.32%
1985 \$12.96 3.56%
1986 \$13.20 1.86%
1987 \$13.69 3.65%
1988 \$14.25 4.14%
1989 \$14.94 4.82%
1990 \$15.75 5.40%
1991 \$16.41 4.21%
1992 \$16.90 3.01%
1993 \$17.41 2.99%
1994 \$17.86 2.56%
1995 \$18.36 2.83%
1996 \$18.90 2.95%
1997 \$19.34 2.29%
1998 \$19.64 1.56%
1999 \$20.07 2.21%
2000 \$20.75 3.36%
2001 \$21.34 2.85%
2002 \$21.67 1.58%
2003 \$22.17 2.28%
2004 \$22.76 2.66%
2005 \$23.53 3.39%
2006 \$24.29 3.23%
2007 \$24.98 2.85%
2008 \$25.94 3.84%
2009 \$25.85 -0.36%
2010 \$26.27 1.64%
2011 \$27.10 3.16%
2012 \$27.66 2.07%
2013 \$28.07 1.46%
2014 \$28.52 1.62%
2015 \$28.56 0.12%
2016 \$28.92 1.26%
2017 \$29.53 2.13%
2018 \$30.27 2.49%
2019 \$30.80 1.76%
2020 \$31.06 0.84%*
* Compared to previous annual rate. Not final. See inflation summary for latest 12-month trailing value.

This conversion table shows various other 1860 amounts in 1866 dollars, based on the 91.57% change in prices:

Conversion Table: Value of a dollar in 1866
Initial value Equivalent value
\$1 dollar in 1860 \$1.92 dollars in 1866
\$5 dollars in 1860 \$9.58 dollars in 1866
\$10 dollars in 1860 \$19.16 dollars in 1866
\$50 dollars in 1860 \$95.78 dollars in 1866
\$100 dollars in 1860 \$191.57 dollars in 1866
\$500 dollars in 1860 \$957.83 dollars in 1866
\$1,000 dollars in 1860 \$1,915.66 dollars in 1866
\$5,000 dollars in 1860 \$9,578.31 dollars in 1866
\$10,000 dollars in 1860 \$19,156.63 dollars in 1866
\$50,000 dollars in 1860 \$95,783.13 dollars in 1866
\$100,000 dollars in 1860 \$191,566.27 dollars in 1866
\$500,000 dollars in 1860 \$957,831.33 dollars in 1866
\$1,000,000 dollars in 1860 \$1,915,662.65 dollars in 1866

## Inflation by Country

Inflation can also vary widely by country. For comparison, in the UK £1.00 in 1860 would be equivalent to £1.02 in 1866, an absolute change of £0.02 and a cumulative change of 2.15%.

Compare these numbers to the US's overall absolute change of \$0.92 and total percent change of 91.57%.

## 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 1866.

Compare these values to the overall average of 11.44% per year:

Category Avg Inflation (%) Total Inflation (%) \$1 in 1860 → 1866
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, 1860 to 1866

Our calculations use the following inflation rate formula to calculate the change in value between 1860 and 1866:

CPI in 1866 CPI in 1860
×
1860 USD value
=
1866 USD value

Then plug in historical CPI values. The U.S. CPI was 8.3 in the year 1860 and 15.9 in 1866:

15.98.3
×
\$1
=
\$1.92

\$1 in 1860 has the same "purchasing power" or "buying power" as \$1.92 in 1866.

To get the total inflation rate for the 6 years between 1860 and 1866, we use the following formula:

CPI in 1866 - CPI in 1860CPI in 1860
×
100
=
Cumulative inflation rate (6 years)

Plugging in the values to this equation, we get:

15.9 - 8.38.3
×
100
=
92%

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 → 1866 | Inflation Calculator.” Official Inflation Data, Alioth Finance, 5 Aug. 2020, https://www.officialdata.org/us/inflation/1860?amount=1&endYear=1866.

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.