$500 in 1890 → $13,210.91 in 2018

Inflation Calculator


U.S. Inflation Rate, 1890-2018 ($500)

According to the Bureau of Labor Statistics consumer price index, the dollar experienced an average inflation rate of 2.59% per year. Prices in 2018 are 2542.2% higher than prices in 1890.

In other words, $500 in the year 1890 is equivalent in purchasing power to $13,210.91 in 2018, a difference of $12,710.91 over 128 years.

Compared to last year's annual rate, the inflation rate in 2018 is now 1.95%1. If this number holds, $500 today would be equivalent to $509.74 next year. The current inflation rate page gives more detail on the latest official inflation rates.

Inflation from 1890 to 2018
Cumulative price change 2542.18%
Average inflation rate 2.59%
Price difference ($500 base) $12,710.91
CPI in 2018 249.554

U.S. inflation chart since 1665

Inflation rates for specific categories

Televisions · Medical care · Legal services · More

Inflation-adjusted measures

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

News headlines from 1890

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

  • Alice Sanger becomes the White House’s first female employee.
  • The Forth Bridge (Scotland), becomes the longest bridge in Great Britain: it is officially opened by the Prince of Wales (King Edward VII).
  • Wilhelm II, the German emperor, removes Chancellor Otto Von Bismarck.
  • First electric chair execution is performed on murderer William Kemmler at Auburn Prison in New York.

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: “$500 in 1890 → 2018 | Inflation Calculator.” U.S. Official Inflation Data, Alioth Finance, 23 May. 2018, https://www.officialdata.org/1890-dollars?amount=500.

» Read more about inflation.