$3 in 1895 → $84.32 in 2018

Inflation Calculator


U.S. Inflation Rate, 1895-2018 ($3)

According to the Bureau of Labor Statistics consumer price index, the dollar experienced an average inflation rate of 2.75% per year. Prices in 2018 are 2710.7% higher than prices in 1895.

In other words, $3 in the year 1895 is equivalent in purchasing power to $84.32 in 2018, a difference of $81.32 over 123 years.

Compared to last year's annual rate, the inflation rate in 2018 is now 1.95%1. If this number holds, $3 today would be equivalent to $3.06 next year. The current inflation rate page gives more detail on the latest official inflation rates.

Inflation from 1895 to 2018
Cumulative price change 2710.67%
Average inflation rate 2.75%
Price difference ($3 base) $81.32
CPI in 2018 249.554

U.S. inflation chart since 1665

Inflation rates for specific categories

Admission to sporting events · Food · Hospital services · More

Inflation-adjusted measures

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

News headlines from 1895

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

  • Italy invades Abyssinia (Ethiopia today).
  • First Sino-Japanese war finishes after signing the Treaty of Shimonoseki.
  • Electromagnetic radiation in a wavelength range today known as X-rays were produced by Wilhelm Rontgen, a German physicist.
  • The Nobel Prize is established in the will of Swedish chemist Alfred Nobel.

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: “$3 in 1895 → 2018 | Inflation Calculator.” U.S. Official Inflation Data, Alioth Finance, 23 May. 2018, https://www.officialdata.org/1895-dollars?amount=3.

» Read more about inflation.