The current year-over-year inflation rate (2019 to 2020) is now 1.50%1. Consumer Price Index in2013dollars.com is a reference website maintained by the Official Data Foundation. 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 1860.

For example, if you started with $1, you would need to end with $30.62 in order to "adjust" for inflation (sometimes refered to as "beating inflation"). All data since then are from the annual Statistical Abstracts of the United States. professor Robert Sahr at Oregon State University. The 1861 inflation rate was 6.02%. Special thanks to QuickChart for their chart image API, which is used for chart downloads. the Bureau of Labor Statistics' You may use the following MLA citation for this page: Other Fun Sites This is Morgan, creator of the Inflation Calculator. For example, imagine you want to know what goods and services costing £23.60 in 1975 would have cost in 1985: The price index for 1975 = 134.8 CPI is the weighted combination of many categories of spending that are tracked by the government. This inflation calculator uses the official UK consumer price index. Our calculations use the following inflation rate formula to calculate the change in value between 1860 and today: Then plug in historical CPI values. 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. the composite price index published by the UK Office for National Statistics (ONS). average prices since 1856. But, before 1947 no single price index exists so the ONS use price data linked together from several different published sources. This table and charts use the earliest available data for each category.

The current year-over-year inflation rate (2019 to 2020) is now 1.37%1. 1912 is sourced from a historical study conducted by political science professor Robert Sahr at Oregon State University. 12,139.18% higher than This data. For example, a family’s food and clothes today are very different to those of a typical family a hundred years ago. For dates from 1750 until now we use the Office for National Statistics’ (ONS) composite price index. If this number holds, $1,500 today will be equivalent in buying power to $1,520.57 next year. We use necessary cookies to make our site work (for example, to manage your session). To get the total inflation rate for the 160 years between 1860 and 2020, we use the following formula: Plugging in the values to this equation, we get: Politics and news often influence economic performance.

Ian earned his degree in Computer Science from Dartmouth College. Here's what was happening at the time: Raw data for these calculations comes from average prices since 1860. the Bureau of Labor Statistics' (CPI), established in 1913. Every year we update our calculator using the ONS’s annual Long term indicator of prices of consumer goods and services. 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. Inflation calculator, current as of 2020, that will calculate inflation in the United States from 1774 until the present day. The 1860 inflation rate was 0.00%. The British pound experienced an average inflation rate of 3.05% per year during this period, causing the real value of a pound to decrease. The U.S. dollar experienced an average inflation rate of 2.11% per year during this period, causing the real value of a dollar to decrease. A composite index is created by combining price data from several different published sources, both official and unofficial. This chart shows a calculation of buying power equivalence for £1 in 1860 (price index tracking began in 1750). For example, a calculator based on average earnings might be better if you want to compare wages, income or wealth over time. In other words, £1 in 1860 is equivalent in purchasing power to about £122.39 in 2020, a difference of £121.39 over 160 years. Free inflation calculator that runs on U.S. CPI data or a custom inflation rate. The current inflation rate page gives more detail on the latest official inflation rates. Ian earned his degree in Computer Science from Dartmouth College. For more information on how these cookies work please see our Cookie policy. Compare these values to the overall average of 2.11% per year: The graph below compares inflation in categories of goods over time.

In other words, $1 in 1860 is equivalent in purchasing power to about $31.36 in 2020, a difference of $30.36 over 160 years. Changes in household spending also reflect higher incomes and the wider range of goods and services available to buy today. average prices since 1860. » Read more about inflation and investment. We use several sources to create our calculator. Compare these values to the overall average of 2.18% per year: The graph below compares inflation in categories of goods over time.