$10 in 1893 → $280.01 in 2018

Inflation Calculator

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U.S. Inflation Rate, $10 in 1893 to 2018

According to the Bureau of Labor Statistics consumer price index, prices in 2018 are 2,700.07% higher than prices in 1893. The dollar experienced an average inflation rate of 2.95% per year during this period.

In other words, $10 in 1893 is equivalent in purchasing power to $280.01 in 2018, a difference of $270.01 over 125 years.

The 1893 inflation rate was -1.10%. The current inflation rate (2017 to 2018) is now 2.95%1. If this number holds, $10 today will be equivalent to $10.29 next year. The current inflation rate page gives more detail on the latest official inflation rates.


Inflation from 1893 to 2018
Cumulative price change 2700.07%
Average inflation rate 2.95%
Converted amount ($10 base) $280.01
Price difference ($10 base) $270.01
CPI in 1893 9
CPI in 2018 252.006
Inflation in 1893 -1.10%
Inflation in 2018 2.95%


U.S. inflation chart since 1665


Buying power of $10 since 1893

This chart shows calculations of buying power equivalence over time for $10 in 1893 (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
1893 $10.00 -1.10%
1894 $9.56 -4.44%
1895 $9.33 -2.33%
1896 $9.33 0.00%
1897 $9.22 -1.19%
1898 $9.22 0.00%
1899 $9.22 0.00%
1900 $9.33 1.20%
1901 $9.44 1.19%
1902 $9.56 1.18%
1903 $9.78 2.33%
1904 $9.89 1.14%
1905 $9.78 -1.12%
1906 $10.00 2.27%
1907 $10.44 4.44%
1908 $10.22 -2.13%
1909 $10.11 -1.09%
1910 $10.56 4.40%
1911 $10.56 0.00%
1912 $10.78 2.11%
1913 $11.00 2.06%
1914 $11.11 1.01%
1915 $11.22 1.00%
1916 $12.11 7.92%
1917 $14.22 17.43%
1918 $16.78 17.97%
1919 $19.22 14.57%
1920 $22.22 15.61%
1921 $19.89 -10.50%
1922 $18.67 -6.15%
1923 $19.00 1.79%
1924 $19.00 0.00%
1925 $19.44 2.34%
1926 $19.67 1.14%
1927 $19.33 -1.69%
1928 $19.00 -1.72%
1929 $19.00 0.00%
1930 $18.56 -2.34%
1931 $16.89 -8.98%
1932 $15.22 -9.87%
1933 $14.44 -5.11%
1934 $14.89 3.08%
1935 $15.22 2.24%
1936 $15.44 1.46%
1937 $16.00 3.60%
1938 $15.67 -2.08%
1939 $15.44 -1.42%
1940 $15.56 0.72%
1941 $16.33 5.00%
1942 $18.11 10.88%
1943 $19.22 6.13%
1944 $19.56 1.73%
1945 $20.00 2.27%
1946 $21.67 8.33%
1947 $24.78 14.36%
1948 $26.78 8.07%
1949 $26.44 -1.24%
1950 $26.78 1.26%
1951 $28.89 7.88%
1952 $29.44 1.92%
1953 $29.67 0.75%
1954 $29.89 0.75%
1955 $29.78 -0.37%
1956 $30.22 1.49%
1957 $31.22 3.31%
1958 $32.11 2.85%
1959 $32.33 0.69%
1960 $32.89 1.72%
1961 $33.22 1.01%
1962 $33.56 1.00%
1963 $34.00 1.32%
1964 $34.44 1.31%
1965 $35.00 1.61%
1966 $36.00 2.86%
1967 $37.11 3.09%
1968 $38.67 4.19%
1969 $40.78 5.46%
1970 $43.11 5.72%
1971 $45.00 4.38%
1972 $46.44 3.21%
1973 $49.33 6.22%
1974 $54.78 11.04%
1975 $59.78 9.13%
1976 $63.22 5.76%
1977 $67.33 6.50%
1978 $72.44 7.59%
1979 $80.67 11.35%
1980 $91.56 13.50%
1981 $101.00 10.32%
1982 $107.22 6.16%
1983 $110.67 3.21%
1984 $115.44 4.32%
1985 $119.56 3.56%
1986 $121.78 1.86%
1987 $126.22 3.65%
1988 $131.44 4.14%
1989 $137.78 4.82%
1990 $145.22 5.40%
1991 $151.33 4.21%
1992 $155.89 3.01%
1993 $160.56 2.99%
1994 $164.67 2.56%
1995 $169.33 2.83%
1996 $174.33 2.95%
1997 $178.33 2.29%
1998 $181.11 1.56%
1999 $185.11 2.21%
2000 $191.33 3.36%
2001 $196.78 2.85%
2002 $199.89 1.58%
2003 $204.44 2.28%
2004 $209.89 2.66%
2005 $217.00 3.39%
2006 $224.00 3.23%
2007 $230.38 2.85%
2008 $239.23 3.84%
2009 $238.37 -0.36%
2010 $242.28 1.64%
2011 $249.93 3.16%
2012 $255.10 2.07%
2013 $258.84 1.46%
2014 $263.04 1.62%
2015 $263.35 0.12%
2016 $266.67 1.26%
2017 $272.36 2.13%
2018 $280.01 2.81%*
* 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 £10.00 in 1893 would be equivalent to £1,248.04 in 2018, an absolute change of £1,238.04 and a cumulative change of 12,380.36%.

Compare these numbers to the US's overall absolute change of $270.01 and total percent change of 2,700.07%.


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 1893 and 2018.

Compare these values to the overall average of 2.9495150866471143% per year:

Category Avg Inflation (%) Total Inflation (%) $10 in 1893 → 2018
Food 3.13 4,622.41 472.24
Shelter 4.10 15,023.48 1,512.35
Energy 3.88 11,553.67 1,165.37
Apparel 2.06 1,172.36 127.24
New vehicles 1.05 270.78 37.08
Used cars and trucks 0.61 114.94 21.49
Transportation services 3.35 6,012.14 611.21
Medical care services 5.11 50,467.84 5,056.78
Medical care commodities 4.29 18,938.25 1,903.83

It's important to note that not all categories may be tracked since 1893. This table and visualization use the earliest available data for each category.



How to Calculate Inflation Rate for $10 since 1893

This inflation calculator uses the following inflation rate formula:

CPI in 2018CPI in 1893
×
1893 USD value
=
2018 USD value

Then plug in historical CPI values. The U.S. CPI was 9 in the year 1893 and 252.006 in 2018:

252.0069
×
$10
=
$280.01

$10 in 1893 has the same "purchasing power" or "buying power" as $280.01 in 2018.

To get the total inflation rate for the 125 years between 1893 and 2018, we use the following formula:

CPI in 2018 - CPI in 1893CPI in 1893
×
100
=
Cumulative inflation rate (125 years)

Plugging in the values to this equation, we get:

252.006 - 99
×
100
=
2,700%

News headlines from 1893

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

  • The first ever successful open heart surgery, without anaesthesia performed by Daniel Williams.
  • New Zealand becomes the first nation to grant women the right to vote .
  • The first national election where women were allowed to vote takes place at New Zealand's general election.

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: “$10 in 1893 → 2018 | Inflation Calculator.” U.S. Official Inflation Data, Alioth Finance, 14 Aug. 2018, https://www.officialdata.org/1893-dollars-in-2018?amount=10.


» Read more about inflation.