# \$1 in 1890 is worth \$1.04 in 1888

\$

## Value of \$1 from 1890 to 1888

\$1 in 1890 is equivalent in purchasing power to about \$1.04 in 1888, a difference of \$0.04 over 2 years. The dollar had an average deflation rate of -2.13% per year since 1888, producing a cumulative price change of 4.40%.

This means that prices in 1888 are 1.04 times higher than average prices since 1890, according to the Bureau of Labor Statistics consumer price index.

The 1888 inflation rate was 0.00%. The inflation rate in 1890 was -1.09%. The 1890 inflation rate is lower compared to the average inflation rate of 2.62% per year between 1890 and 2021.

 Cumulative price change 4.40% Average inflation rate -2.13% Converted amount (\$1 base) \$1.04 Price difference (\$1 base) \$0.04 CPI in 1890 9.100 CPI in 1888 9.500 Inflation in 1888 0.00% Inflation in 1890 -1.09% \$1 in 1890 \$1.04 in 1888

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

## Buying power of \$1 in 1888

This chart shows a calculation of buying power equivalence for \$1 in 1888 (price index tracking began in 1635).

For example, if you started with \$1, you would need to end with \$1.04 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: 1888-1890
Year Dollar Value Inflation Rate
1888 \$1.00 -
1889 \$0.97 -3.16%
1890 \$0.96 -1.09%
1891 \$0.96 0.00%
1892 \$0.96 0.00%
1893 \$0.95 -1.10%
1894 \$0.91 -4.44%
1895 \$0.88 -2.33%
1896 \$0.88 0.00%
1897 \$0.87 -1.19%
1898 \$0.87 0.00%
1899 \$0.87 0.00%
1900 \$0.88 1.20%
1901 \$0.89 1.19%
1902 \$0.91 1.18%
1903 \$0.93 2.33%
1904 \$0.94 1.14%
1905 \$0.93 -1.12%
1906 \$0.95 2.27%
1907 \$0.99 4.44%
1908 \$0.97 -2.13%
1909 \$0.96 -1.09%
1910 \$1.00 4.40%
1911 \$1.00 0.00%
1912 \$1.02 2.11%
1913 \$1.04 2.06%
1914 \$1.05 1.01%
1915 \$1.06 1.00%
1916 \$1.15 7.92%
1917 \$1.35 17.43%
1918 \$1.59 17.97%
1919 \$1.82 14.57%
1920 \$2.11 15.61%
1921 \$1.88 -10.50%
1922 \$1.77 -6.15%
1923 \$1.80 1.79%
1924 \$1.80 0.00%
1925 \$1.84 2.34%
1926 \$1.86 1.14%
1927 \$1.83 -1.69%
1928 \$1.80 -1.72%
1929 \$1.80 0.00%
1930 \$1.76 -2.34%
1931 \$1.60 -8.98%
1932 \$1.44 -9.87%
1933 \$1.37 -5.11%
1934 \$1.41 3.08%
1935 \$1.44 2.24%
1936 \$1.46 1.46%
1937 \$1.52 3.60%
1938 \$1.48 -2.08%
1939 \$1.46 -1.42%
1940 \$1.47 0.72%
1941 \$1.55 5.00%
1942 \$1.72 10.88%
1943 \$1.82 6.13%
1944 \$1.85 1.73%
1945 \$1.89 2.27%
1946 \$2.05 8.33%
1947 \$2.35 14.36%
1948 \$2.54 8.07%
1949 \$2.51 -1.24%
1950 \$2.54 1.26%
1951 \$2.74 7.88%
1952 \$2.79 1.92%
1953 \$2.81 0.75%
1954 \$2.83 0.75%
1955 \$2.82 -0.37%
1956 \$2.86 1.49%
1957 \$2.96 3.31%
1958 \$3.04 2.85%
1959 \$3.06 0.69%
1960 \$3.12 1.72%
1961 \$3.15 1.01%
1962 \$3.18 1.00%
1963 \$3.22 1.32%
1964 \$3.26 1.31%
1965 \$3.32 1.61%
1966 \$3.41 2.86%
1967 \$3.52 3.09%
1968 \$3.66 4.19%
1969 \$3.86 5.46%
1970 \$4.08 5.72%
1971 \$4.26 4.38%
1972 \$4.40 3.21%
1973 \$4.67 6.22%
1974 \$5.19 11.04%
1975 \$5.66 9.13%
1976 \$5.99 5.76%
1977 \$6.38 6.50%
1978 \$6.86 7.59%
1979 \$7.64 11.35%
1980 \$8.67 13.50%
1981 \$9.57 10.32%
1982 \$10.16 6.16%
1983 \$10.48 3.21%
1984 \$10.94 4.32%
1985 \$11.33 3.56%
1986 \$11.54 1.86%
1987 \$11.96 3.65%
1988 \$12.45 4.14%
1989 \$13.05 4.82%
1990 \$13.76 5.40%
1991 \$14.34 4.21%
1992 \$14.77 3.01%
1993 \$15.21 2.99%
1994 \$15.60 2.56%
1995 \$16.04 2.83%
1996 \$16.52 2.95%
1997 \$16.89 2.29%
1998 \$17.16 1.56%
1999 \$17.54 2.21%
2000 \$18.13 3.36%
2001 \$18.64 2.85%
2002 \$18.94 1.58%
2003 \$19.37 2.28%
2004 \$19.88 2.66%
2005 \$20.56 3.39%
2006 \$21.22 3.23%
2007 \$21.83 2.85%
2008 \$22.66 3.84%
2009 \$22.58 -0.36%
2010 \$22.95 1.64%
2011 \$23.68 3.16%
2012 \$24.17 2.07%
2013 \$24.52 1.46%
2014 \$24.92 1.62%
2015 \$24.95 0.12%
2016 \$25.26 1.26%
2017 \$25.80 2.13%
2018 \$26.45 2.49%
2019 \$26.91 1.76%
2020 \$27.24 1.23%
2021 \$28.34 4.01%*
* Compared to previous annual rate. Not final. See inflation summary for latest 12-month trailing value.

This conversion table shows various other 1888 amounts in 1890 dollars, based on the 4.40% change in prices:

Conversion: 1888 dollars in 1890
Initial value Equivalent value
\$1 dollar in 1888 \$0.96 dollars in 1890
\$5 dollars in 1888 \$4.79 dollars in 1890
\$10 dollars in 1888 \$9.58 dollars in 1890
\$50 dollars in 1888 \$47.89 dollars in 1890
\$100 dollars in 1888 \$95.79 dollars in 1890
\$500 dollars in 1888 \$478.95 dollars in 1890
\$1,000 dollars in 1888 \$957.89 dollars in 1890
\$5,000 dollars in 1888 \$4,789.47 dollars in 1890
\$10,000 dollars in 1888 \$9,578.95 dollars in 1890
\$50,000 dollars in 1888 \$47,894.74 dollars in 1890
\$100,000 dollars in 1888 \$95,789.47 dollars in 1890
\$500,000 dollars in 1888 \$478,947.37 dollars in 1890
\$1,000,000 dollars in 1888 \$957,894.74 dollars in 1890

## Inflation by Country

Inflation can also vary widely by country. For comparison, in the UK £1.00 in 1890 would be equivalent to £0.99 in 1888, an absolute change of £-0.01 and a cumulative change of -1.14%.

Compare these numbers to the US's overall absolute change of \$0.04 and total percent change of 4.40%.

## 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 1890 and 1888.

Compare these values to the overall average of -2.13% per year:

Category Avg Inflation (%) Total Inflation (%) \$1 in 1888 → 1890
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 1890. This table and charts use the earliest available data for each category.

## How to Calculate Inflation Rate for \$1, 1888 to 1890

Our calculations use the following inflation rate formula to calculate the change in value between 1888 and 1890:

CPI in 1888 CPI in 1890
×
1890 USD value
=
1888 USD value

Then plug in historical CPI values. The U.S. CPI was 9.1 in the year 1890 and 9.5 in 1888:

9.59.1
×
\$1
=
\$1.04

\$1 in 1890 has the same "purchasing power" or "buying power" as \$1.04 in 1888.

To get the total inflation rate for the 2 years between 1888 and 1890, we use the following formula:

CPI in 1888 - CPI in 1890CPI in 1890
×
100
=
Cumulative inflation rate (2 years)

Plugging in the values to this equation, we get:

9.5 - 9.19.1
×
100
=
4%

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

• Alice Sanger becomes the White House’s first female employee.
• The Forth Bridge (Scotland), becomes the longest bridge in Great Britain: it is officially opened by the Prince of Wales (King Edward VII).
• Wilhelm II, the German emperor, removes Chancellor Otto Von Bismarck.
• First electric chair execution is performed on murderer William Kemmler at Auburn Prison in New York.

## 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 1890 → 1888 | Inflation Calculator.” Official Inflation Data, Alioth Finance, 17 Jun. 2021, https://www.officialdata.org/us/inflation/1890?amount=1&endYear=1888.

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.