According to the Bureau of Labor Statistics consumer price index, the dollar experienced an average inflation rate of 2.16% per year. Prices in 2015 are 2628.0% higher than prices in 1860.
In other words, $1 in 1860 is equivalent in purchasing power to $27.28 in 2015, a difference of $26.28 over 155 years.
The inflation rate in 2015 was 0.12%.
|Cumulative price change||2628.00%|
|Average inflation rate||2.16%|
|Converted amount ($1 base)||$27.28|
|Price difference ($1 base)||$26.28|
|CPI in 2015||237.017|
Politics and news often influence economic performance. Here's what was happening at the time:
Raw data for these calculations comes from the Bureau of Labor Statistics' Consumer Price Index (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 1860 → 2015 | Inflation Calculator.” U.S. Official Inflation Data, Alioth Finance, 20 Jun. 2018, https://www.officialdata.org/1860-dollars-in-2015?amount=1.