$1 in 1795 is worth $24.18 in 2023

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Value of $1 from 1795 to 2023

$1 in 1795 is equivalent in purchasing power to about $24.18 in 2023, an increase of $23.18 over 228 years. The dollar had an average inflation rate of 1.41% per year between 1795 and 2023, producing a cumulative price increase of 2,318.27%.

This means that prices in 2023 are 24.18 times as high as average prices since 1795, according to the Bureau of Labor Statistics consumer price index.

The inflation rate in 1795 was 14.55%. The inflation rate in 2023 was 4.12%. The 2023 inflation rate is higher compared to the average inflation rate of 3.07% per year between 2023 and 2024.


Inflation from 1795 to 2023
Cumulative price change2,318.27%
Average inflation rate1.41%
Converted amount
$1 base
$24.18
Price difference
$1 base
$23.18
CPI in 179512.600
CPI in 2023304.702
Inflation in 179514.55%
Inflation in 20234.12%
$1 in 1795$24.18 in 2023

USD inflation since 1795
Annual Rate, the Bureau of Labor Statistics CPI
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Buying power of $1 in 1795

This chart shows a calculation of buying power equivalence for $1 in 1795 (price index tracking began in 1635).

For example, if you started with $1, you would need to end with $24.18 in order to "adjust" for inflation (sometimes refered to as "beating inflation").

When $1 is equivalent to $24.18 over time, that means that the "real value" of a single U.S. dollar decreases over time. In other words, a dollar will pay for fewer items at the store.

This effect explains how inflation erodes the value of a dollar over time. By calculating the value in 1795 dollars, the chart below shows how $1 is worth less over 228 years.

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:

Dollar inflation: 1795-2023
YearDollar ValueInflation Rate
1795$1.0014.55%
1796$1.054.76%
1797$1.01-3.79%
1798$0.98-3.15%
1799$0.980.00%
1800$1.002.44%
1801$1.010.79%
1802$0.85-15.75%
1803$0.905.61%
1804$0.944.42%
1805$0.93-0.85%
1806$0.974.27%
1807$0.92-4.92%
1808$1.008.62%
1809$0.98-2.38%
1810$0.980.00%
1811$1.046.50%
1812$1.061.53%
1813$1.2720.30%
1814$1.4010.00%
1815$1.22-12.50%
1816$1.12-8.44%
1817$1.06-5.67%
1818$1.01-4.51%
1819$1.010.00%
1820$0.93-7.87%
1821$0.90-3.42%
1822$0.933.54%
1823$0.83-10.26%
1824$0.77-7.62%
1825$0.792.06%
1826$0.790.00%
1827$0.791.01%
1828$0.75-5.00%
1829$0.74-2.11%
1830$0.73-1.08%
1831$0.69-5.43%
1832$0.68-1.15%
1833$0.67-2.33%
1834$0.682.38%
1835$0.702.33%
1836$0.745.68%
1837$0.763.23%
1838$0.74-3.12%
1839$0.740.00%
1840$0.69-6.45%
1841$0.690.00%
1842$0.65-5.75%
1843$0.59-9.76%
1844$0.601.35%
1845$0.601.33%
1846$0.611.32%
1847$0.656.49%
1848$0.63-3.66%
1849$0.61-2.53%
1850$0.621.30%
1851$0.61-1.28%
1852$0.610.00%
1853$0.610.00%
1854$0.679.09%
1855$0.693.57%
1856$0.67-2.30%
1857$0.692.35%
1858$0.65-5.75%
1859$0.661.22%
1860$0.660.00%
1861$0.706.02%
1862$0.8014.77%
1863$1.0024.75%
1864$1.2524.60%
1865$1.293.82%
1866$1.26-2.45%
1867$1.17-6.92%
1868$1.13-4.05%
1869$1.08-4.23%
1870$1.04-3.68%
1871$0.97-6.87%
1872$0.970.00%
1873$0.95-1.64%
1874$0.90-5.00%
1875$0.87-3.51%
1876$0.85-2.73%
1877$0.83-1.87%
1878$0.79-4.76%
1879$0.790.00%
1880$0.812.00%
1881$0.810.00%
1882$0.810.00%
1883$0.80-0.98%
1884$0.78-2.97%
1885$0.77-1.02%
1886$0.75-3.09%
1887$0.751.06%
1888$0.750.00%
1889$0.73-3.16%
1890$0.72-1.09%
1891$0.720.00%
1892$0.720.00%
1893$0.71-1.10%
1894$0.68-4.44%
1895$0.67-2.33%
1896$0.670.00%
1897$0.66-1.19%
1898$0.660.00%
1899$0.660.00%
1900$0.671.20%
1901$0.671.19%
1902$0.681.18%
1903$0.702.33%
1904$0.711.14%
1905$0.70-1.12%
1906$0.712.27%
1907$0.754.44%
1908$0.73-2.13%
1909$0.72-1.09%
1910$0.754.40%
1911$0.750.00%
1912$0.772.11%
1913$0.792.06%
1914$0.791.01%
1915$0.801.00%
1916$0.877.92%
1917$1.0217.43%
1918$1.2017.97%
1919$1.3714.57%
1920$1.5915.61%
1921$1.42-10.50%
1922$1.33-6.15%
1923$1.361.79%
1924$1.360.00%
1925$1.392.34%
1926$1.401.14%
1927$1.38-1.69%
1928$1.36-1.72%
1929$1.360.00%
1930$1.33-2.34%
1931$1.21-8.98%
1932$1.09-9.87%
1933$1.03-5.11%
1934$1.063.08%
1935$1.092.24%
1936$1.101.46%
1937$1.143.60%
1938$1.12-2.08%
1939$1.10-1.42%
1940$1.110.72%
1941$1.175.00%
1942$1.2910.88%
1943$1.376.13%
1944$1.401.73%
1945$1.432.27%
1946$1.558.33%
1947$1.7714.36%
1948$1.918.07%
1949$1.89-1.24%
1950$1.911.26%
1951$2.067.88%
1952$2.101.92%
1953$2.120.75%
1954$2.130.75%
1955$2.13-0.37%
1956$2.161.49%
1957$2.233.31%
1958$2.292.85%
1959$2.310.69%
1960$2.351.72%
1961$2.371.01%
1962$2.401.00%
1963$2.431.32%
1964$2.461.31%
1965$2.501.61%
1966$2.572.86%
1967$2.653.09%
1968$2.764.19%
1969$2.915.46%
1970$3.085.72%
1971$3.214.38%
1972$3.323.21%
1973$3.526.22%
1974$3.9111.04%
1975$4.279.13%
1976$4.525.76%
1977$4.816.50%
1978$5.177.59%
1979$5.7611.35%
1980$6.5413.50%
1981$7.2110.32%
1982$7.666.16%
1983$7.903.21%
1984$8.254.32%
1985$8.543.56%
1986$8.701.86%
1987$9.023.65%
1988$9.394.14%
1989$9.844.82%
1990$10.375.40%
1991$10.814.21%
1992$11.133.01%
1993$11.472.99%
1994$11.762.56%
1995$12.102.83%
1996$12.452.95%
1997$12.742.29%
1998$12.941.56%
1999$13.222.21%
2000$13.673.36%
2001$14.062.85%
2002$14.281.58%
2003$14.602.28%
2004$14.992.66%
2005$15.503.39%
2006$16.003.23%
2007$16.462.85%
2008$17.093.84%
2009$17.03-0.36%
2010$17.311.64%
2011$17.853.16%
2012$18.222.07%
2013$18.491.46%
2014$18.791.62%
2015$18.810.12%
2016$19.051.26%
2017$19.452.13%
2018$19.942.49%
2019$20.291.76%
2020$20.541.23%
2021$21.514.70%
2022$23.238.00%
2023$24.184.12%
2024$24.933.07%*
* Compared to previous annual rate. Not final. See inflation summary for latest 12-month trailing value.
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This conversion table shows various other 1795 amounts in 2023 dollars, based on the 2,318.27% change in prices:

Conversion: 1795 dollars in 2023
Initial valueEquivalent value
$1 dollar in 1795$24.18 dollars in 2023
$5 dollars in 1795$120.91 dollars in 2023
$10 dollars in 1795$241.83 dollars in 2023
$50 dollars in 1795$1,209.14 dollars in 2023
$100 dollars in 1795$2,418.27 dollars in 2023
$500 dollars in 1795$12,091.36 dollars in 2023
$1,000 dollars in 1795$24,182.71 dollars in 2023
$5,000 dollars in 1795$120,913.56 dollars in 2023
$10,000 dollars in 1795$241,827.12 dollars in 2023
$50,000 dollars in 1795$1,209,135.58 dollars in 2023
$100,000 dollars in 1795$2,418,271.16 dollars in 2023
$500,000 dollars in 1795$12,091,355.82 dollars in 2023
$1,000,000 dollars in 1795$24,182,711.64 dollars in 2023

Inflation by Country

Inflation can also vary widely by country. For comparison, in the UK £1.00 in 1795 would be equivalent to £145.10 in 2023, an absolute change of £144.10 and a cumulative change of 14,410.03%.

Compare these numbers to the US's overall absolute change of $23.18 and total percent change of 2,318.27%.


Inflation by Spending Category

CPI is the weighted combination of many categories of spending that are tracked by the government. Breaking down these categories helps explain the main drivers behind price changes.

This chart shows the average rate of inflation for select CPI categories between 1795 and 2023.

Compare these values to the overall average of 1.41% per year:

CategoryAvg Inflation (%)Total Inflation (%)$1 in 1795 → 2023
Food and beverages4.03824,887.658,249.88
Housing4.271,382,966.8413,830.67
Apparel1.998,893.5589.94
Transportation3.39200,026.522,001.27
Medical care4.633,054,570.1430,546.70
Recreation1.362,083.1021.83
Education and communication1.785,510.8356.11
Other goods and services5.006,706,194.9167,062.95

The graph below compares inflation in categories of goods over time. Click on a category such as "Food" to toggle it on or off:

For all these visualizations, it's important to note that not all categories may have been tracked since 1795. This table and charts use the earliest available data for each category.



How to calculate inflation rate for $1, 1795 to 2023

Our calculations use the following inflation rate formula to calculate the change in value between 1795 and 2023:

CPI in 2023 CPI in 1795
×
1795 USD value
=
2023 USD value

Then plug in historical CPI values. The U.S. CPI was 12.6 in the year 1795 and 304.70216666667 in 2023:

304.7021666666712.6
×
$1
=
$24.18

$1 in 1795 has the same "purchasing power" or "buying power" as $24.18 in 2023.

To get the total inflation rate for the 228 years between 1795 and 2023, we use the following formula:

CPI in 2023 - CPI in 1795CPI in 1795
×
100
=
Cumulative inflation rate (228 years)

Plugging in the values to this equation, we get:

304.70216666667 - 12.612.6
×
100
=
2,318%

Data source & citation

Raw data for these calculations comes from the Bureau of Labor Statistics' (CPI), established in 1913. Price index data from 1774 to 1912 is sourced from a historical study conducted by political science professor Robert Sahr at Oregon State University and from the American Antiquarian Society. Price index data from 1634 to 1773 is from the American Antiquarian Society, using British pound equivalents.

You may use the following MLA citation for this page: “$1 in 1795 → 2023 | Inflation Calculator.” Official Inflation Data, Alioth Finance, 13 Jun. 2024, https://www.officialdata.org/us/inflation/1795?amount=1&endYear=2023.

Special thanks to QuickChart for their chart image API, which is used for chart downloads.


Ian Webster

About the author

Ian Webster is an engineer and data expert based in San Mateo, California. He has worked for Google, NASA, and consulted for governments around the world on data pipelines and data analysis. Disappointed by the lack of clear resources on the impacts of inflation on economic indicators, Ian believes this website serves as a valuable public tool. Ian earned his degree in Computer Science from Dartmouth College.

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Inflation from 1795 to 2023
Cumulative price change2,318.27%
Average inflation rate1.41%
Converted amount
$1 base
$24.18
Price difference
$1 base
$23.18
CPI in 179512.600
CPI in 2023304.702
Inflation in 179514.55%
Inflation in 20234.12%
$1 in 1795$24.18 in 2023