# \$1 in 1857 is worth \$0.95 in 1860

\$

## Value of \$1 from 1857 to 1860

According to the Bureau of Labor Statistics consumer price index, prices in 1860 are 4.6% lower than average prices since 1857. The U.S. dollar experienced an average deflation rate of -1.56% per year during this period, causing the real value of a dollar to increase.

In other words, \$1 in 1857 is equivalent in purchasing power to about \$0.95 in 1860, a difference of \$-0.05 over 3 years.

The 1857 inflation rate was 2.35%. The inflation rate in 1860 was 0.00%. The 1860 inflation rate is lower compared to the average inflation rate of 2.17% per year between 1860 and 2020.

 Cumulative price change -4.60% Average inflation rate -1.56% Converted amount (\$1 base) \$0.95 Price difference (\$1 base) \$-0.05 CPI in 1857 8.700 CPI in 1860 8.300 Inflation in 1857 2.35% Inflation in 1860 0.00%

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

## Buying power of \$1 in 1857

This chart shows a calculation of buying power equivalence for \$1 in 1857 (price index tracking began in 1635).

For example, if you started with \$1, you would need to end with \$0.95 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: 1857-1860
Year Dollar Value Inflation Rate
1857 \$1.00 2.35%
1858 \$0.94 -5.75%
1859 \$0.95 1.22%
1860 \$0.95 0.00%
1861 \$1.01 6.02%
1862 \$1.16 14.77%
1863 \$1.45 24.75%
1864 \$1.80 24.60%
1865 \$1.87 3.82%
1866 \$1.83 -2.45%
1867 \$1.70 -6.92%
1868 \$1.63 -4.05%
1869 \$1.56 -4.23%
1870 \$1.51 -3.68%
1871 \$1.40 -6.87%
1872 \$1.40 0.00%
1873 \$1.38 -1.64%
1874 \$1.31 -5.00%
1875 \$1.26 -3.51%
1876 \$1.23 -2.73%
1877 \$1.21 -1.87%
1878 \$1.15 -4.76%
1879 \$1.15 0.00%
1880 \$1.17 2.00%
1881 \$1.17 0.00%
1882 \$1.17 0.00%
1883 \$1.16 -0.98%
1884 \$1.13 -2.97%
1885 \$1.11 -1.02%
1886 \$1.08 -3.09%
1887 \$1.09 1.06%
1888 \$1.09 0.00%
1889 \$1.06 -3.16%
1890 \$1.05 -1.09%
1891 \$1.05 0.00%
1892 \$1.05 0.00%
1893 \$1.03 -1.10%
1894 \$0.99 -4.44%
1895 \$0.97 -2.33%
1896 \$0.97 0.00%
1897 \$0.95 -1.19%
1898 \$0.95 0.00%
1899 \$0.95 0.00%
1900 \$0.97 1.20%
1901 \$0.98 1.19%
1902 \$0.99 1.18%
1903 \$1.01 2.33%
1904 \$1.02 1.14%
1905 \$1.01 -1.12%
1906 \$1.03 2.27%
1907 \$1.08 4.44%
1908 \$1.06 -2.13%
1909 \$1.05 -1.09%
1910 \$1.09 4.40%
1911 \$1.09 0.00%
1912 \$1.11 2.11%
1913 \$1.14 2.06%
1914 \$1.15 1.01%
1915 \$1.16 1.00%
1916 \$1.25 7.92%
1917 \$1.47 17.43%
1918 \$1.74 17.97%
1919 \$1.99 14.57%
1920 \$2.30 15.61%
1921 \$2.06 -10.50%
1922 \$1.93 -6.15%
1923 \$1.97 1.79%
1924 \$1.97 0.00%
1925 \$2.01 2.34%
1926 \$2.03 1.14%
1927 \$2.00 -1.69%
1928 \$1.97 -1.72%
1929 \$1.97 0.00%
1930 \$1.92 -2.34%
1931 \$1.75 -8.98%
1932 \$1.57 -9.87%
1933 \$1.49 -5.11%
1934 \$1.54 3.08%
1935 \$1.57 2.24%
1936 \$1.60 1.46%
1937 \$1.66 3.60%
1938 \$1.62 -2.08%
1939 \$1.60 -1.42%
1940 \$1.61 0.72%
1941 \$1.69 5.00%
1942 \$1.87 10.88%
1943 \$1.99 6.13%
1944 \$2.02 1.73%
1945 \$2.07 2.27%
1946 \$2.24 8.33%
1947 \$2.56 14.36%
1948 \$2.77 8.07%
1949 \$2.74 -1.24%
1950 \$2.77 1.26%
1951 \$2.99 7.88%
1952 \$3.05 1.92%
1953 \$3.07 0.75%
1954 \$3.09 0.75%
1955 \$3.08 -0.37%
1956 \$3.13 1.49%
1957 \$3.23 3.31%
1958 \$3.32 2.85%
1959 \$3.34 0.69%
1960 \$3.40 1.72%
1961 \$3.44 1.01%
1962 \$3.47 1.00%
1963 \$3.52 1.32%
1964 \$3.56 1.31%
1965 \$3.62 1.61%
1966 \$3.72 2.86%
1967 \$3.84 3.09%
1968 \$4.00 4.19%
1969 \$4.22 5.46%
1970 \$4.46 5.72%
1971 \$4.66 4.38%
1972 \$4.80 3.21%
1973 \$5.10 6.22%
1974 \$5.67 11.04%
1975 \$6.18 9.13%
1976 \$6.54 5.76%
1977 \$6.97 6.50%
1978 \$7.49 7.59%
1979 \$8.34 11.35%
1980 \$9.47 13.50%
1981 \$10.45 10.32%
1982 \$11.09 6.16%
1983 \$11.45 3.21%
1984 \$11.94 4.32%
1985 \$12.37 3.56%
1986 \$12.60 1.86%
1987 \$13.06 3.65%
1988 \$13.60 4.14%
1989 \$14.25 4.82%
1990 \$15.02 5.40%
1991 \$15.66 4.21%
1992 \$16.13 3.01%
1993 \$16.61 2.99%
1994 \$17.03 2.56%
1995 \$17.52 2.83%
1996 \$18.03 2.95%
1997 \$18.45 2.29%
1998 \$18.74 1.56%
1999 \$19.15 2.21%
2000 \$19.79 3.36%
2001 \$20.36 2.85%
2002 \$20.68 1.58%
2003 \$21.15 2.28%
2004 \$21.71 2.66%
2005 \$22.45 3.39%
2006 \$23.17 3.23%
2007 \$23.83 2.85%
2008 \$24.75 3.84%
2009 \$24.66 -0.36%
2010 \$25.06 1.64%
2011 \$25.86 3.16%
2012 \$26.39 2.07%
2013 \$26.78 1.46%
2014 \$27.21 1.62%
2015 \$27.24 0.12%
2016 \$27.59 1.26%
2017 \$28.17 2.13%
2018 \$28.88 2.49%
2019 \$29.39 1.76%
2020 \$29.78 1.35%*
* Compared to previous annual rate. Not final. See inflation summary for latest 12-month trailing value.

This conversion table shows various other 1857 amounts in 1860 dollars, based on the -4.60% change in prices:

Conversion Table: Value of a dollar in 1860
Initial value Equivalent value
\$1 dollar in 1857 \$0.95 dollars in 1860
\$5 dollars in 1857 \$4.77 dollars in 1860
\$10 dollars in 1857 \$9.54 dollars in 1860
\$50 dollars in 1857 \$47.70 dollars in 1860
\$100 dollars in 1857 \$95.40 dollars in 1860
\$500 dollars in 1857 \$477.01 dollars in 1860
\$1,000 dollars in 1857 \$954.02 dollars in 1860
\$5,000 dollars in 1857 \$4,770.11 dollars in 1860
\$10,000 dollars in 1857 \$9,540.23 dollars in 1860
\$50,000 dollars in 1857 \$47,701.15 dollars in 1860
\$100,000 dollars in 1857 \$95,402.30 dollars in 1860
\$500,000 dollars in 1857 \$477,011.49 dollars in 1860
\$1,000,000 dollars in 1857 \$954,022.99 dollars in 1860

## Inflation by Country

Inflation can also vary widely by country. For comparison, in the UK £1.00 in 1857 would be equivalent to £0.93 in 1860, an absolute change of £-0.07 and a cumulative change of -7.00%.

Compare these numbers to the US's overall absolute change of \$-0.05 and total percent change of -4.60%.

## 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 1857 and 1860.

Compare these values to the overall average of -1.56% per year:

Category Avg Inflation (%) Total Inflation (%) \$1 in 1857 → 1860
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 1857. This table and charts use the earliest available data for each category.

## How to Calculate Inflation Rate for \$1, 1857 to 1860

Our calculations use the following inflation rate formula to calculate the change in value between 1857 and 1860:

CPI in 1860 CPI in 1857
×
1857 USD value
=
1860 USD value

Then plug in historical CPI values. The U.S. CPI was 8.7 in the year 1857 and 8.3 in 1860:

8.38.7
×
\$1
=
\$0.95

\$1 in 1857 has the same "purchasing power" or "buying power" as \$0.95 in 1860.

To get the total inflation rate for the 3 years between 1857 and 1860, we use the following formula:

CPI in 1860 - CPI in 1857CPI in 1857
×
100
=
Cumulative inflation rate (3 years)

Plugging in the values to this equation, we get:

8.3 - 8.78.7
×
100
=
-5%

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

• Foundation of the University of Calcutta as the first full-fledged university in South Asia.
• France and the UK declare war on China, in the Second Opium War.
• Africans denied US citizenship by a Supreme Court ruling (Dred Scott Decision).
• Queen Victoria awards the Victoria Cross to 62 recipients after the Crimean war.

## 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 1857 → 1860 | Inflation Calculator.” Official Inflation Data, Alioth Finance, 14 Aug. 2020, https://www.officialdata.org/1857-dollars-in-1860?amount=1.

Special thanks to QuickChart for their chart image API, which is used for chart downloads.