According to the Bureau of Labor Statistics consumer price index, the dollar experienced an average inflation rate of 2.15% per year. Prices in 2016 are 2662.1% higher than prices in 1860.
In other words, $1,100 in the year 1860 is equivalent in purchasing power to $30,382.73 in 2016, a difference of $29,282.73 over 156 years.
The inflation rate in 2016 was 1.26%.
|Cumulative price change||2662.07%|
|Average inflation rate||2.15%|
|Price difference ($1,100 base)||$29,282.73|
|CPI in 2016||240.007|
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: “$1,100 in 1860 → 2016 | Inflation Calculator.” U.S. Official Inflation Data, Alioth Finance, 25 May. 2018, https://www.officialdata.org/1860-dollars-in-2016?amount=1100.