$1 in 1869 is worth $1.04 in 1869

Value of $1 from 1870 to 1869

According to the Bureau of Labor Statistics consumer price index, prices in 1869 are 3.82% higher than average prices since 1870. The U.S. dollar experienced an average deflation rate of -3.68% per year during this period, causing the real value of a dollar to increase.

In other words, $1 in 1870 is equivalent in purchasing power to about $1.04 in 1869.

The 1869 inflation rate was -4.23%. The inflation rate in 1870 was -3.68%. The 1870 inflation rate is lower compared to the average inflation rate of 2.00% per year between 1870 and 2020.


Inflation from 1870 to 1869
Average inflation rate -3.68%
Converted amount ($1 base) $1.04
Price difference ($1 base) $0.04
CPI in 1870 13.100
CPI in 1869 13.600
Inflation in 1869 -4.23%
Inflation in 1870 -3.68%

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 1870 would be equivalent to £1.00 in 1869, an absolute change of £0.00 and a cumulative change of 0.00%.

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. 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 1870 and 1869.

Compare these values to the overall average of -3.68% per year:

Category Avg Inflation (%) Total Inflation (%) $1 in 1869 → 1870
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 1870. This table and charts use the earliest available data for each category.



How to Calculate Inflation Rate for $1, 1869 to 1870

Our calculations use the following inflation rate formula to calculate the change in value between 1869 and 1870:

CPI in 1869 CPI in 1870
×
1870 USD value
=
1869 USD value

Then plug in historical CPI values. The U.S. CPI was 13.1 in the year 1870 and 13.6 in 1869:

13.613.1
×
$1
=
$1.04

$1 in 1870 has the same "purchasing power" or "buying power" as $1.04 in 1869.

To get the total inflation rate for the 1 years between 1869 and 1870, we use the following formula:

CPI in 1869 - CPI in 1870CPI in 1870
×
100
=
Cumulative inflation rate (1 years)

Plugging in the values to this equation, we get:

13.6 - 13.113.1
×
100
=
4%

News headlines from 1869

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

  • New York begins building the Brooklyn Bridge (the bridge is completed in 1883).
  • Austria inaugurates Wiener Musikverein, also known as the Great Hall, in Vienna.
  • The Carson City mint, in Nevada, starts issuing coins.

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 1870 → 1869 | Inflation Calculator.” Official Inflation Data, Alioth Finance, 26 May. 2020, https://www.officialdata.org/us/inflation/1870?amount=1&endYear=1869.

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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» Read more about inflation and investment.

Inflation from 1870 to 1869
Average inflation rate -3.68%
Converted amount ($1 base) $1.04
Price difference ($1 base) $0.04
CPI in 1870 13.100
CPI in 1869 13.600
Inflation in 1869 -4.23%
Inflation in 1870 -3.68%