$1 in 1895 → $1.02 in 1894

Inflation Calculator

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U.S. Inflation Rate, $1 from 1895 to 1894

According to the Bureau of Labor Statistics consumer price index, prices in 1894 are 2.38% higher than average prices since 1895. The U.S. dollar experienced an average deflation rate of -2.33% per year during this period, meaning the real value of a dollar increased.

In other words, $1 in 1895 is equivalent in purchasing power to about $1.02 in 1894.

The 1894 inflation rate was -4.44%. 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.


Inflation from 1895 to 1894
Average inflation rate -2.33%
Converted amount ($1 base) $1.02
Price difference ($1 base) $0.02
CPI in 1895 8.400
CPI in 1894 8.600
Inflation in 1894 -4.44%
Inflation in 1895 -2.33%

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 1895 would be equivalent to £1.01 in 1894, an absolute change of £0.01 and a cumulative change of 1.16%.

Compare these numbers to the US's overall absolute change of $0.02 and total percent change of 2.38%.


Inflation by Spending Category

CPI is the weighted combination of many categories of spending that are tracked by the government. This chart shows the average rate of inflation for select CPI categories between 1895 and 1894.

Compare these values to the overall average of -2.33% per year:

Category Avg Inflation (%) Total Inflation (%) $1 in 1894 → 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

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, 1894 to 1895

This inflation calculator uses the following inflation rate formula:

CPI in 1894CPI in 1895
×
1895 USD value
=
1894 USD value

Then plug in historical CPI values. The U.S. CPI was 8.4 in the year 1895 and 8.6 in 1894:

8.68.4
×
$1
=
$1.02

$1 in 1895 has the same "purchasing power" or "buying power" as $1.02 in 1894.

To get the total inflation rate for the 1 years between 1894 and 1895, we use the following formula:

CPI in 1894 - CPI in 1895CPI in 1895
×
100
=
Cumulative inflation rate (1 years)

Plugging in the values to this equation, we get:

8.6 - 8.48.4
×
100
=
2%

News headlines from 1894

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 → 1894 | Inflation Calculator.” Official Inflation Data, Alioth Finance, 24 Feb. 2020, https://www.officialdata.org/us/inflation/1895?amount=1&endYear=1894.

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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Inflation from 1895 to 1894
Average inflation rate -2.33%
Converted amount ($1 base) $1.02
Price difference ($1 base) $0.02
CPI in 1895 8.400
CPI in 1894 8.600
Inflation in 1894 -4.44%
Inflation in 1895 -2.33%