$60 in 1863 → $1,089.77 in 2014

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U.S. Inflation Rate, $60 in 1863 to 2014

According to the Bureau of Labor Statistics consumer price index, the dollar experienced an average inflation rate of 1.94% per year. Prices in 2014 are 1716.3% higher than prices in 1863.

In other words, $60 in 1863 is equivalent in purchasing power to $1,089.77 in 2014, a difference of $1,029.77 over 151 years.

The inflation rate in 2014 was 1.62%.

Inflation from 1863 to 2014
Cumulative price change 1716.28%
Average inflation rate 1.94%
Converted amount ($60 base) $1,089.77
Price difference ($60 base) $1,029.77
CPI in 2014 236.736

U.S. inflation chart since 1665

Inflation rates for specific categories

Housing · Legal services · Admission to sporting events · More

Inflation-adjusted measures

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

News headlines from 1863

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

  • Slavery ends in the Unites States, after President Lincoln issues Emancipation Proclamation, setting all slaves free.
  • Bahá'u'lláh, founder of the Bahá'í Faith, enters gardens of Rivden and makes the declaration of aha'u'llah during the short time he spent there
  • The Union wins a major victory in the Battle of Gettysburg, the largest of the Civil War.

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: “$60 in 1863 → 2014 | Inflation Calculator.” U.S. Official Inflation Data, Alioth Finance, 22 Jun. 2018, https://www.officialdata.org/1863-dollars-in-2014?amount=60.

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