This inflation calculator uses official data published by the Bureau of Labor Statistics.
Use the form on this page to perform your own inflation calculation for any year.
According to the Bureau of Labor Statistics consumer price index, the dollar experienced an average inflation rate of 2.15% per year. Prices in 2018 are 2771.9% higher than prices in 1860.
In other words, $750 in the year 1860 is equivalent in purchasing power to $21,539.52 in 2018, a difference of $20,789.52 over 158 years.
Compared to last year's annual rate, the inflation rate in 2018 is now 1.95%1. If this number holds, $750 today would be equivalent to $764.61 next year. The current inflation rate page gives more detail on the latest official inflation rates.
|Cumulative price change||2771.94%|
|Average inflation rate||2.15%|
|Price difference ($750 base)||$20,789.52|
|CPI in 2018||249.554|
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: “$750 in 1860 → 2018 | Inflation Calculator.” U.S. Official Inflation Data, Alioth Finance, 23 May. 2018, https://www.officialdata.org/1860-dollars-in-2017?amount=750.