$505 in 1869 → $9,324.19 in 2018

Inflation Calculator

$
👉 You may be interested in $505 in 1869 → 2019

U.S. Inflation Rate, $505 in 1869 to 2018

According to the Bureau of Labor Statistics consumer price index, prices in 2018 are 1,746.38% higher than prices in 1869. The dollar experienced an average inflation rate of 1.98% per year during this period.

In other words, $505 in 1869 is equivalent in purchasing power to $9,324.19 in 2018, a difference of $8,819.19 over 149 years.

The 1869 inflation rate was -4.23%. The inflation rate in 2018 was 2.44%. The 2018 inflation rate is higher compared to the average inflation rate of 0.05% per year between 2018 and 2019.


Inflation from 1869 to 2018
Cumulative price change 1,746.38%
Average inflation rate 1.98%
Converted amount ($505 base) $9,324.19
Price difference ($505 base) $8,819.19
CPI in 1869 13.600
CPI in 2018 251.107
Inflation in 1869 -4.23%
Inflation in 2018 2.44%


U.S. inflation chart since 1665


Buying power of $505 in 1869

This chart shows calculations of buying power equivalence over time for $505 in 1869 (price index tracking began in 1635).

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:

Year USD Value Inflation Rate
1869 $505.00 -4.23%
1870 $486.43 -3.68%
1871 $453.01 -6.87%
1872 $453.01 0.00%
1873 $445.59 -1.64%
1874 $423.31 -5.00%
1875 $408.46 -3.51%
1876 $397.32 -2.73%
1877 $389.89 -1.87%
1878 $371.32 -4.76%
1879 $371.32 0.00%
1880 $378.75 2.00%
1881 $378.75 0.00%
1882 $378.75 0.00%
1883 $375.04 -0.98%
1884 $363.90 -2.97%
1885 $360.18 -1.02%
1886 $349.04 -3.09%
1887 $352.76 1.06%
1888 $352.76 0.00%
1889 $341.62 -3.16%
1890 $337.90 -1.09%
1891 $337.90 0.00%
1892 $337.90 0.00%
1893 $334.19 -1.10%
1894 $319.34 -4.44%
1895 $311.91 -2.33%
1896 $311.91 0.00%
1897 $308.20 -1.19%
1898 $308.20 0.00%
1899 $308.20 0.00%
1900 $311.91 1.20%
1901 $315.63 1.19%
1902 $319.34 1.18%
1903 $326.76 2.33%
1904 $330.48 1.14%
1905 $326.76 -1.12%
1906 $334.19 2.27%
1907 $349.04 4.44%
1908 $341.62 -2.13%
1909 $337.90 -1.09%
1910 $352.76 4.40%
1911 $352.76 0.00%
1912 $360.18 2.11%
1913 $367.61 2.06%
1914 $371.32 1.01%
1915 $375.04 1.00%
1916 $404.74 7.92%
1917 $475.29 17.43%
1918 $560.70 17.97%
1919 $642.39 14.57%
1920 $742.65 15.61%
1921 $664.67 -10.50%
1922 $623.82 -6.15%
1923 $634.96 1.79%
1924 $634.96 0.00%
1925 $649.82 2.34%
1926 $657.24 1.14%
1927 $646.10 -1.69%
1928 $634.96 -1.72%
1929 $634.96 0.00%
1930 $620.11 -2.34%
1931 $564.41 -8.98%
1932 $508.71 -9.87%
1933 $482.72 -5.11%
1934 $497.57 3.08%
1935 $508.71 2.24%
1936 $516.14 1.46%
1937 $534.71 3.60%
1938 $523.57 -2.08%
1939 $516.14 -1.42%
1940 $519.85 0.72%
1941 $545.85 5.00%
1942 $605.26 10.88%
1943 $642.39 6.13%
1944 $653.53 1.73%
1945 $668.38 2.27%
1946 $724.08 8.33%
1947 $828.05 14.36%
1948 $894.89 8.07%
1949 $883.75 -1.24%
1950 $894.89 1.26%
1951 $965.44 7.88%
1952 $984.01 1.92%
1953 $991.43 0.75%
1954 $998.86 0.75%
1955 $995.15 -0.37%
1956 $1,010.00 1.49%
1957 $1,043.42 3.31%
1958 $1,073.13 2.85%
1959 $1,080.55 0.69%
1960 $1,099.12 1.72%
1961 $1,110.26 1.01%
1962 $1,121.40 1.00%
1963 $1,136.25 1.32%
1964 $1,151.10 1.31%
1965 $1,169.67 1.61%
1966 $1,203.09 2.86%
1967 $1,240.22 3.09%
1968 $1,292.21 4.19%
1969 $1,362.76 5.46%
1970 $1,440.74 5.72%
1971 $1,503.86 4.38%
1972 $1,552.13 3.21%
1973 $1,648.68 6.22%
1974 $1,830.63 11.04%
1975 $1,997.72 9.13%
1976 $2,112.83 5.76%
1977 $2,250.22 6.50%
1978 $2,421.03 7.59%
1979 $2,695.81 11.35%
1980 $3,059.71 13.50%
1981 $3,375.33 10.32%
1982 $3,583.27 6.16%
1983 $3,698.38 3.21%
1984 $3,858.05 4.32%
1985 $3,995.44 3.56%
1986 $4,069.71 1.86%
1987 $4,218.24 3.65%
1988 $4,392.76 4.14%
1989 $4,604.41 4.82%
1990 $4,853.20 5.40%
1991 $5,057.43 4.21%
1992 $5,209.67 3.01%
1993 $5,365.63 2.99%
1994 $5,503.01 2.56%
1995 $5,658.97 2.83%
1996 $5,826.07 2.95%
1997 $5,959.74 2.29%
1998 $6,052.57 1.56%
1999 $6,186.25 2.21%
2000 $6,394.19 3.36%
2001 $6,576.14 2.85%
2002 $6,680.11 1.58%
2003 $6,832.35 2.28%
2004 $7,014.30 2.66%
2005 $7,251.95 3.39%
2006 $7,485.88 3.23%
2007 $7,699.10 2.85%
2008 $7,994.71 3.84%
2009 $7,966.26 -0.36%
2010 $8,096.93 1.64%
2011 $8,352.51 3.16%
2012 $8,525.37 2.07%
2013 $8,650.24 1.46%
2014 $8,790.56 1.62%
2015 $8,801.00 0.12%
2016 $8,912.02 1.26%
2017 $9,101.88 2.13%
2018 $9,324.19 2.44%
2019 $9,328.87 0.05%*
* Compared to previous annual rate. Not final. See inflation summary for latest 12-month trailing value.

Inflation by Country

Inflation can also vary widely by country. For comparison, in the UK £505.00 in 1869 would be equivalent to £58,973.85 in 2018, an absolute change of £58,468.85 and a cumulative change of 11,577.99%.

Compare these numbers to the US's overall absolute change of $8,819.19 and total percent change of 1,746.38%.


Inflation by Spending Category

CPI is the weighted combination of many categories of spending that are tracked by the government. This chart shows the average rate of inflation for select CPI categories between 1869 and 2018.

Compare these values to the overall average of 1.98% per year:

Category Avg Inflation (%) Total Inflation (%) $505 in 1869 → 2018
Food 3.13 9,836.01 50,176.84
Shelter 4.11 40,114.92 203,085.36
Energy 3.89 29,261.39 148,275.03
Apparel 2.05 1,960.75 10,406.80
New vehicles 1.05 372.62 2,386.75
Used cars and trucks 0.61 147.82 1,251.48
Transportation services 4.06 37,690.36 190,841.31
Medical care services 5.11 167,726.32 847,522.90
Medical care commodities 3.04 8,598.18 43,925.79

It's important to note that not all categories may be tracked since 1869. This table and visualization use the earliest available data for each category.



How to Calculate Inflation Rate for $505, 1869 to 2018

This inflation calculator uses the following inflation rate formula:

CPI in 2018CPI in 1869
×
1869 USD value
=
2018 USD value

Then plug in historical CPI values. The U.S. CPI was 13.6 in the year 1869 and 251.107 in 2018:

251.10713.6
×
$505
=
$9,324.19

$505 in 1869 has the same "purchasing power" or "buying power" as $9,324.19 in 2018.

To get the total inflation rate for the 149 years between 1869 and 2018, we use the following formula:

CPI in 2018 - CPI in 1869CPI in 1869
×
100
=
Cumulative inflation rate (149 years)

Plugging in the values to this equation, we get:

251.107 - 13.613.6
×
100
=
1,746%

News headlines from 1869

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

  • Postal stamps showing scenes are issued for the first time in the U.S.
  • Dmitri Mendeleev's presents the first periodic table of the elements to the Russian Chemical Society.
  • Wall Street panics when Gould and Fisk attempt to corner gold, in an event known as Black Friday.

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: “$505 in 1869 → 2018 | Inflation Calculator.” U.S. Official Inflation Data, Alioth Finance, 24 Jan. 2019, https://www.officialdata.org/1869-dollars-in-2018?amount=505.


» Read more about inflation and investment.