\$1 in 1895 is worth \$1.07 in 1893

\$

Value of \$1 from 1895 to 1893

According to the Bureau of Labor Statistics consumer price index, prices in 1893 are 7.14% higher than average prices since 1895. The U.S. dollar experienced an average deflation rate of -3.39% per year during this period, causing the real value of a dollar to increase.

In other words, \$1 in 1895 is equivalent in purchasing power to about \$1.07 in 1893, a difference of \$0.07 over 2 years.

The 1893 inflation rate was -1.10%. The inflation rate in 1895 was -2.33%. The 1895 inflation rate is lower compared to the average inflation rate of 2.78% per year between 1895 and 2020.

 Cumulative price change 7.14% Average inflation rate -3.39% Converted amount (\$1 base) \$1.07 Price difference (\$1 base) \$0.07 CPI in 1895 8.400 CPI in 1893 9.000 Inflation in 1893 -1.10% Inflation in 1895 -2.33%

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

Buying power of \$1 in 1893

This chart shows a calculation of buying power equivalence for \$1 in 1893 (price index tracking began in 1635).

For example, if you started with \$1, you would need to end with \$1.07 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: 1893-1895
Year Dollar Value Inflation Rate
1893 \$1.00 -1.10%
1894 \$0.96 -4.44%
1895 \$0.93 -2.33%
1896 \$0.93 0.00%
1897 \$0.92 -1.19%
1898 \$0.92 0.00%
1899 \$0.92 0.00%
1900 \$0.93 1.20%
1901 \$0.94 1.19%
1902 \$0.96 1.18%
1903 \$0.98 2.33%
1904 \$0.99 1.14%
1905 \$0.98 -1.12%
1906 \$1.00 2.27%
1907 \$1.04 4.44%
1908 \$1.02 -2.13%
1909 \$1.01 -1.09%
1910 \$1.06 4.40%
1911 \$1.06 0.00%
1912 \$1.08 2.11%
1913 \$1.10 2.06%
1914 \$1.11 1.01%
1915 \$1.12 1.00%
1916 \$1.21 7.92%
1917 \$1.42 17.43%
1918 \$1.68 17.97%
1919 \$1.92 14.57%
1920 \$2.22 15.61%
1921 \$1.99 -10.50%
1922 \$1.87 -6.15%
1923 \$1.90 1.79%
1924 \$1.90 0.00%
1925 \$1.94 2.34%
1926 \$1.97 1.14%
1927 \$1.93 -1.69%
1928 \$1.90 -1.72%
1929 \$1.90 0.00%
1930 \$1.86 -2.34%
1931 \$1.69 -8.98%
1932 \$1.52 -9.87%
1933 \$1.44 -5.11%
1934 \$1.49 3.08%
1935 \$1.52 2.24%
1936 \$1.54 1.46%
1937 \$1.60 3.60%
1938 \$1.57 -2.08%
1939 \$1.54 -1.42%
1940 \$1.56 0.72%
1941 \$1.63 5.00%
1942 \$1.81 10.88%
1943 \$1.92 6.13%
1944 \$1.96 1.73%
1945 \$2.00 2.27%
1946 \$2.17 8.33%
1947 \$2.48 14.36%
1948 \$2.68 8.07%
1949 \$2.64 -1.24%
1950 \$2.68 1.26%
1951 \$2.89 7.88%
1952 \$2.94 1.92%
1953 \$2.97 0.75%
1954 \$2.99 0.75%
1955 \$2.98 -0.37%
1956 \$3.02 1.49%
1957 \$3.12 3.31%
1958 \$3.21 2.85%
1959 \$3.23 0.69%
1960 \$3.29 1.72%
1961 \$3.32 1.01%
1962 \$3.36 1.00%
1963 \$3.40 1.32%
1964 \$3.44 1.31%
1965 \$3.50 1.61%
1966 \$3.60 2.86%
1967 \$3.71 3.09%
1968 \$3.87 4.19%
1969 \$4.08 5.46%
1970 \$4.31 5.72%
1971 \$4.50 4.38%
1972 \$4.64 3.21%
1973 \$4.93 6.22%
1974 \$5.48 11.04%
1975 \$5.98 9.13%
1976 \$6.32 5.76%
1977 \$6.73 6.50%
1978 \$7.24 7.59%
1979 \$8.07 11.35%
1980 \$9.16 13.50%
1981 \$10.10 10.32%
1982 \$10.72 6.16%
1983 \$11.07 3.21%
1984 \$11.54 4.32%
1985 \$11.96 3.56%
1986 \$12.18 1.86%
1987 \$12.62 3.65%
1988 \$13.14 4.14%
1989 \$13.78 4.82%
1990 \$14.52 5.40%
1991 \$15.13 4.21%
1992 \$15.59 3.01%
1993 \$16.06 2.99%
1994 \$16.47 2.56%
1995 \$16.93 2.83%
1996 \$17.43 2.95%
1997 \$17.83 2.29%
1998 \$18.11 1.56%
1999 \$18.51 2.21%
2000 \$19.13 3.36%
2001 \$19.68 2.85%
2002 \$19.99 1.58%
2003 \$20.44 2.28%
2004 \$20.99 2.66%
2005 \$21.70 3.39%
2006 \$22.40 3.23%
2007 \$23.04 2.85%
2008 \$23.92 3.84%
2009 \$23.84 -0.36%
2010 \$24.23 1.64%
2011 \$24.99 3.16%
2012 \$25.51 2.07%
2013 \$25.88 1.46%
2014 \$26.30 1.62%
2015 \$26.34 0.12%
2016 \$26.67 1.26%
2017 \$27.24 2.13%
2018 \$27.91 2.49%
2019 \$28.41 1.76%
2020 \$28.88 1.67%*
* Compared to previous annual rate. Not final. See inflation summary for latest 12-month trailing value.

This conversion table shows various other 1893 amounts in 1895 dollars, based on the 7.14% change in prices:

Conversion Table: Value of a dollar in 1895
Initial value Equivalent value
\$1 dollar in 1893 \$0.93 dollars in 1895
\$5 dollars in 1893 \$4.67 dollars in 1895
\$10 dollars in 1893 \$9.33 dollars in 1895
\$50 dollars in 1893 \$46.67 dollars in 1895
\$100 dollars in 1893 \$93.33 dollars in 1895
\$500 dollars in 1893 \$466.67 dollars in 1895
\$1,000 dollars in 1893 \$933.33 dollars in 1895
\$5,000 dollars in 1893 \$4,666.67 dollars in 1895
\$10,000 dollars in 1893 \$9,333.33 dollars in 1895
\$50,000 dollars in 1893 \$46,666.67 dollars in 1895
\$100,000 dollars in 1893 \$93,333.33 dollars in 1895
\$500,000 dollars in 1893 \$466,666.67 dollars in 1895
\$1,000,000 dollars in 1893 \$933,333.33 dollars in 1895

Inflation by Country

Inflation can also vary widely by country. For comparison, in the UK £1.00 in 1895 would be equivalent to £1.02 in 1893, an absolute change of £0.02 and a cumulative change of 2.33%.

Compare these numbers to the US's overall absolute change of \$0.07 and total percent change of 7.14%.

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 1895 and 1893.

Compare these values to the overall average of -3.39% per year:

Category Avg Inflation (%) Total Inflation (%) \$1 in 1893 → 1895
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 1895. This table and charts use the earliest available data for each category.

How to Calculate Inflation Rate for \$1, 1893 to 1895

Our calculations use the following inflation rate formula to calculate the change in value between 1893 and 1895:

CPI in 1893 CPI in 1895
×
1895 USD value
=
1893 USD value

Then plug in historical CPI values. The U.S. CPI was 8.4 in the year 1895 and 9 in 1893:

98.4
×
\$1
=
\$1.07

\$1 in 1895 has the same "purchasing power" or "buying power" as \$1.07 in 1893.

To get the total inflation rate for the 2 years between 1893 and 1895, we use the following formula:

CPI in 1893 - CPI in 1895CPI in 1895
×
100
=
Cumulative inflation rate (2 years)

Plugging in the values to this equation, we get:

9 - 8.48.4
×
100
=
7%

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

• Italy invades Abyssinia (Ethiopia today).
• First Sino-Japanese war finishes after signing the Treaty of Shimonoseki.
• Electromagnetic radiation in a wavelength range today known as X-rays were produced by Wilhelm Rontgen, a German physicist.
• The Nobel Prize is established in the will of Swedish chemist Alfred Nobel.

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 1895 → 1893 | Inflation Calculator.” Official Inflation Data, Alioth Finance, 21 Sep. 2020, https://www.officialdata.org/us/inflation/1895?amount=1&endYear=1893.

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.