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.
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.