$58,000,000 in 1829 → $1,444,939,847.83 in 2016

Inflation Calculator


U.S. Inflation Rate, 1829-2016 ($58,000,000)

According to the Bureau of Labor Statistics consumer price index, the dollar experienced an average inflation rate of 1.73% per year. Prices in 2016 are 2391.3% higher than prices in 1829.

In other words, $58,000,000 in the year 1829 is equivalent in purchasing power to $1,444,939,847.83 in 2016, a difference of $1,386,939,847.83 over 187 years.

The inflation rate in 2016 was 1.26%.

Inflation from 1829 to 2016
Cumulative price change 2391.28%
Average inflation rate 1.73%
Price difference ($58,000,000 base) $1,386,939,847.83
CPI in 2016 240.007

U.S. inflation chart since 1665

Inflation rates for specific categories

Juices and nonalcoholic drinks · Alcoholic beverages · Airline fares · More

Inflation-adjusted measures

S&P 500 price · S&P 500 earnings · Shiller P/E

News headlines from 1829

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

  • Robert Peel founds the London Metropolitan Police
  • William Austin Burt patents the typographer.
  • Suttee, the tradition of a widow burning herself to death on her husband's funeral pyre, outlawed in India by Great Britain

Inflation Data Source

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: “$58,000,000 in 1829 → 2016 | Inflation Calculator.” U.S. Official Inflation Data, Alioth Finance, 24 May. 2018, https://www.officialdata.org/1829-dollars-in-2016?amount=58000000.

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