$1 in 1865 is equivalent in purchasing power to about $0.87 in 1868, a difference of $-0.13 over 3 years.
The dollar had an average **deflation** rate of -4.49% per year since 1865, producing a cumulative price change of -12.88%.

This means that prices in 1868 are 12.88% lower than average prices since 1865, according to the Bureau of Labor Statistics consumer price index.

The 1865 inflation rate was 3.82%. The inflation rate in 1868 was -4.05%. The 1868 inflation rate is lower compared to the average inflation rate of 1.95% per year between 1868 and 2021.

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Cumulative price change | -12.88% |

Average inflation rate | -4.49% |

Converted amount ($1 base) | $0.87 |

Price difference ($1 base) | $-0.13 |

CPI in 1865 | 16.300 |

CPI in 1868 | 14.200 |

Inflation in 1865 | 3.82% |

Inflation in 1868 | -4.05% |

$1 in 1865 | $0.87 in 1868 |

This chart shows a calculation of buying power equivalence for $1 in 1865 (price index tracking began in 1635).

For example, if you started with $1, you would need to end with $0.87 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:

This conversion table shows various other 1865 amounts in 1868 dollars, based on the -12.88% change in prices:

Initial value | Equivalent value |
---|---|

$1 dollar in 1865 | $0.87 dollars in 1868 |

$5 dollars in 1865 | $4.36 dollars in 1868 |

$10 dollars in 1865 | $8.71 dollars in 1868 |

$50 dollars in 1865 | $43.56 dollars in 1868 |

$100 dollars in 1865 | $87.12 dollars in 1868 |

$500 dollars in 1865 | $435.58 dollars in 1868 |

$1,000 dollars in 1865 | $871.17 dollars in 1868 |

$5,000 dollars in 1865 | $4,355.83 dollars in 1868 |

$10,000 dollars in 1865 | $8,711.66 dollars in 1868 |

$50,000 dollars in 1865 | $43,558.28 dollars in 1868 |

$100,000 dollars in 1865 | $87,116.56 dollars in 1868 |

$500,000 dollars in 1865 | $435,582.82 dollars in 1868 |

$1,000,000 dollars in 1865 | $871,165.64 dollars in 1868 |

Inflation can also vary widely by country. For comparison, in the UK £1.00 in 1865 would be equivalent to £1.11 in 1868, an absolute change of £0.11 and a cumulative change of 11.11%.

Compare these numbers to the US's overall absolute change of $-0.13 and total percent change of -12.88%.

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 1865 and 1868.

Compare these values to the overall average of -4.49% per year:

Category | Avg Inflation (%) | Total Inflation (%) | $1 in 1865 → 1868 |
---|---|---|---|

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 1865. This table and charts use the earliest available data for each category.

Our calculations use the following inflation rate formula to calculate the change in value between 1865 and 1868:

CPI in 1868
CPI in 1865

×

1865 USD value

=

1868 USD value

Then plug in historical CPI values. The U.S. CPI was 16.3 in the year 1865 and 14.2 in 1868:

14.216.3

×

$1

=

$1 in 1865 has the same "purchasing power" or "buying power" as $0.87 in 1868.

To get the total inflation rate for the 3 years between 1865 and 1868, we use the following formula:

CPI in 1868 - CPI in 1865CPI in 1865

×

100

=

Plugging in the values to this equation, we get:

14.2 - 16.316.3

×

100

=

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

- America abolishes slavery after Congress passes the 13th Amendment.
- John Wilkes Booth assassinates President Abraham Lincoln at Ford's Theater, in Washington.
- The New York Stock Exchange opens its first permanent headquarters at 10-12 Broad Street.
- Columbia, South Carolina burns during the American Civil War.

Raw data for these calculations comes from the Bureau of Labor Statistics' Consumer Price Index (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 1865 → 1868 | Inflation Calculator.” Official Inflation Data, Alioth Finance, 17 Sep. 2021, https://www.officialdata.org/us/inflation/1865?amount=1&endYear=1868.

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.

Cumulative price change | -12.88% |

Average inflation rate | -4.49% |

Converted amount ($1 base) | $0.87 |

Price difference ($1 base) | $-0.13 |

CPI in 1865 | 16.300 |

CPI in 1868 | 14.200 |

Inflation in 1865 | 3.82% |

Inflation in 1868 | -4.05% |

$1 in 1865 | $0.87 in 1868 |