The current inflation rate page gives more detail on the latest inflation rates. Ian Webster is an engineer and data expert based in San Mateo, California. In 1860 we were on the gold standard. Lists all individuals employed by the Steam Fire Department along with job titles and monthly salaries for each man. The list was to be in effect only for the months of December 1863 and January 1864. You may use the following MLA citation for this page: $1 in 1860 2023 | Inflation Calculator. Official Inflation Data, Alioth Finance, 20 Feb. 2023, https://www.officialdata.org/us/inflation/1860?amount=1. Compare these values to the overall average of 2.16% per year: The graph below compares inflation in categories of goods over time. (, The chapter "Pioneer finance" in the book, This table spans pages 106-107 in the book and 1860s rent data falls on. Read more about this project in "Work for women," a newspaper articledated Feb 15, 1893. To get the total inflation rate for the 163 years between 1860 and 2023, we use the following formula: Plugging in the values to this equation, we get: Raw data for these calculations comes from the Bureau of Labor Statistics' Consumer Price Index (CPI), established in 1913. Gives price range per acre for many counties. (more info), but also provides some data for southern states. List of medical colleges with tuition, organized by state. Average prices for various foods, provisions, fuels, dry goods, boots, rent and board. According to this source, Previous to the war the price per glass of ale or beer, containing fully one-third more than the glasses in use [in 1870] was six cents." Compare these numbers to the US's overall absolute change of $0.00 and total percent change of 0.00%. For comparison, in the UK 1.00 in 1860 would be equivalent to 155.56 in 2023, an absolute change of 154.56 and a cumulative change of 15,456.47%. Shows the wages paid to white women with the important distinction that this same labor is done by enslaved women without pay. Copied from the New York Daily Times newspaper. Source: Historian of the USPS. Each table spans two pages in the book. "It has been agreed to transport immigrants at the rate of two cents per mile" in, Includes CA, NV, UT, AZ, OR, ID, WA, MT, etc. This means that today's prices are 29.62 times as high as average prices since 1862, according to the Bureau of Labor Statistics consumer price index. Source: Congressional report, Shows the average monthly salaries of teachers by county in California as well as various metrics on each county's school. (1913-2023) Enter old value in pounds: ConvertClear Value at beginning of target year in dollars: $ The preceding table uses Java script. Source: Source: Transactions of the California Agricultural Society, p. 269. (Click image for detail). 1865, Horses - Average price per head, 1867-1920, Railroad passenger fares by RR company, 1850-1897, Railroad passenger fares for lines in Pennsylvania - 1861, Emigrant price for RR ticket from NYC to Chicago, 1863, Railroad ticket price from Chicago to eastern cities, 1868, New York City to Tennessee - Route and rates, 1868, Stagecoach fares in western states, Summer 1865, New York to California - Steamship fare, 1865, New York to England - Steamship fare, 1865, Transportation prices from New York, 1865, Transportation rates in western states, 1865, San Francisco fares to other cities and countries, 1869, Retail prices before and after the Civil War - New England states, Food prices by U.S. region, state and territory, 1869, Provision and grocery prices - Alabama, 1867-1874, Grocery and provision prices - Arkansas, 1867 and 1869, Grocery and provision prices - Arizona, 1867 and 1869, Food and alcohol prices - San Francisco, 1863, Grocery and provision prices - California, 1867 and 1869, Grocery and provision prices - Colorado, 1867 and 1869, Grocery and provision prices - Connecticut, 1867 and 1869, Coffee, tea and sugar prices - Connecticut towns, 1860s, Retail food prices - Connecticut towns, 1851-1880, Grocery and provision prices - Dakota Territory, 1867 and 1869, Grocery and provision prices - Delaware, 1867 and 1869, Coffee, tea and sugar prices - Jacksonville FL, 1866-1880, Retail food prices - Jacksonville FL, 1866-1880, Grocery and provision prices - Georgia, 1867 and 1869, Grocery and provision prices - Iowa, 1867 and 1869, Coffee, tea and sugar prices - Cedar Rapids IA, 1860s, Grocery and provision prices - Idaho, 1867 and 1869, Grocery and provision prices - Illinois, 1867 and 1869, Retail food prices - Illinois, 1850s-1870s, Coffee, tea and sugar prices - Illinois towns, 1860s, Grain prices - McLean County Illinois, 1831-1860, Grocery and provision prices - Indiana, 1867 and 1869, Coffee, tea and sugar prices - Lawrenceburg IN, 1860s, Grocery and provision prices - Kansas, 1867 and 1869, Grocery and provision prices - Kentucky, 1867 and 1869, Grocery and provision prices - Louisiana, 1867 and 1869, Massachusetts - Prices of food and provisions, 1860, Grocery and provision prices - Massachusetts, 1867 and 1869, Coffee, tea and sugar prices - Massachusetts, 1860s, Grocery and provision prices - Maryland, 1867 and 1869, Coffee, tea and sugar prices - Baltimore, 1860s, Grocery and provision prices - Maine, 1867 and 1869, Grocery and provision prices - Michigan, 1867 and 1869, Grocery and provision prices - Minnesota, 1867 and 1869, Grocery and provision prices - Missouri, 1867 and 1869, Coffee, tea and sugar prices - Missouri, 1860s, Grocery and provision prices - Mississippi, 1867 and 1869, Grocery and provision prices - Montana, 1867 and 1869, Grocery and provision prices - North Carolina, 1867 and 1869, Grocery and provision prices - Nebraska, 1867 and 1869, Grocery and provision prices - New Hampshire, 1867 and 1869, Grocery and provision prices - New Jersey, 1867 and 1869, Coffee, tea and sugar prices - Jersey City, 1860s, Grocery and provision prices - New Mexico, 1867 and 1869, Grocery and provision prices - Nevada, 1867 and 1869, New York market - Prices of staple items, 1860-1863, New York City - Price of delivered milk, 1861, Beer and ale sold by the glass in NYC - Prices pre-1861, Food and provision prices in New York, 1825-1882, Grocery and provision prices - New York, 1867 and 1869, Coffee, tea and sugar prices - New York towns, 1860s, Grocery and provision prices - Ohio, 1867 and 1869, Coffee, tea and sugar prices - Ohio towns, 1860s, Grocery and provision prices - Oregon, 1867 and 1869, Grocery and provision prices - Pennsylvania, 1867 and 1869, Coffee, tea and sugar prices - Pennsylvania, 1860s, Grocery and provision prices - Rhode Island, 1867 and 1869, Grocery and provision prices - South Carolina, 1867 and 1869, Grocery and provision prices - Tennessee, 1867 and 1869, Coffee, tea and sugar prices - Nashville, 1860s, Grocery and provision prices - Texas, 1867 and 1869, Virginia - Prices of food and supplies, 1863-1864, Grocery and provision prices - Virginia, 1867 and 1869, Grocery and provision prices - Vermont, 1867 and 1869, Grocery and provision prices - Wisconsin, 1867 and 1869, Grocery and provision prices - West Virginia, 1867 and 1869, Coffee, tea and sugar prices - New Cumberland WV, 1860s, Average value of farm land and buildings per acre, 1860, Cost to operate a plantation in the American south after the Civil War, Tenements - Monthly rent by U.S. region, 1869, Land prices and farm rent in Alabama, 1869-1870, Real estate catalog listings for Alabama, 1866, Land prices and farm rent in Arkansas, 1869-1870, Real estate catalog listings for Arkansas, 1866, Land prices and farm rent in Arizona Territory, 1869-1870, Land prices and farm rent in California, 1869-1870, California farm value by county, 1850-1982, Land prices and farm rent in Colorado, 1869-1870, Land price, commissions and fees under the Homestead Act, Connecticut farm value by county, 1850-1982, Boarding house rates - Prices for female lodgers, 1860s, Land prices and farm rent in Dakota, 1869-1870, Washington DC houses for sale and rent, 1865, House rents in Wilmington, Delaware, 1862, Land prices and farm rent in Florida, 1869-1870, Land prices and farm rent in Georgia, 1869-1870, Real estate catalog listings for Georgia, 1866, House rents in Cedar Rapids, Iowa, 1861-1880, Land prices and farm rent in Iowa, 1869-1870, Land prices and farm rent in Idaho, 1869-1870, Land prices and farm rent in Illinois, 1869-1870, Land prices and farm rent in Indiana, 1869-1870, House rents in Louisville Kentucky, 1856-1880, Land prices and farm rent in Kentucky, 1869-1870, Real estate catalog prices in Kentucky, 1866, Advertised house and land prices in Louisiana, 1866, Land prices and farm rent in Louisiana, 1869-1870, Louisiana farm value by county, 1850-1982, Land prices and farm rent in Maryland, 1869-1870, Real estate catalog listings for Maryland, 1866, Rents for tenements in Massachusetts, 1860, Massachusetts farm value by county, 1850-1982, Land prices and farm rent in Michigan, 1869-1870. By calculating the value in 1860 dollars, the chart below shows how $1 is worth less over 163 years. At the moment, you are looking at the conversion of 100 CAD when 1 CAD is valued at 10.51 NFTS. Source: Documents of the Senate no. This chart shows the average rate of inflation for select CPI categories between 1860 and 2023. Inflation data from 1634 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. Source: Shows prices of carriages, buggies and surreys (p. 14) as well as. This chart shows the average rate of inflation for select CPI categories between 1860 and 2023. The United States dollar (symbol: $; code: USD; also abbreviated US$ or U.S. Dollar, to distinguish it from other dollar-denominated currencies; referred to as the dollar, U.S. dollar, American dollar, or colloquially buck) is the official currency of the United States and several other countries.The Coinage Act of 1792 introduced the U.S. dollar at par with the Spanish silver dollar, divided . A dollar today only buys 2.774% of what it could buy back then. The inflation rate in 1860 was 0.00%. Clothing expenses not included. This means that today's prices are 36.04 times as high as average prices since 1860, according to the Bureau of Labor Statistics consumer price index. in2013dollars.com is a reference website maintained by the Official Data Foundation. 1.). Source: 1873 Victorian year-book, an Australian government publication. However, rare and vintage stamps from the 1940s, 1950s and 1960s can be worth more, especially if they are in mint condition. The item(s) shown in the photos is exactly what is included. The inflation rate in 1860 was 0.00%. This effect explains how inflation erodes the value of a dollar over time. Shows monetary pay for outdoor labor on farms, and details the rations and clothing that were distributed along with monetary pay in 1860. rpt., pp. Ian earned his degree in Computer Science from Dartmouth College. How much was a dollar worth in 1867? To get the total inflation rate for the 161 years between 1862 and 2023, we use the following formula: Plugging in the values to this equation, we get: Raw data for these calculations comes from the Bureau of Labor Statistics' Consumer Price Index (CPI), established in 1913. Washing was seldom included. The dollar had an average inflation rate of 1.97% per year between 1863 and today, producing a cumulative price increase of 2,077.06%. Here is a value chart showcasing the coin's worth under different conditions; Overview of 1907 Indian Head Penny of a slave ranged from $60,000 (in 1809) to $184,000 (in 1859). Opium was being purchased by the federal government (Office of Surgeon General, War Department) at, These products induced miscarriage in pregnant women. Inflation data from 1634 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. The inflation rate in 1860 was 0.00%. $408,000 Last Sold Price. Government report shows prices of bread, oats, potatoes and beef at Dublin for each year from 1864-1869. Average prices for food and commodities. This source does not provide salary averages. This is the real-time data fetched from our partnered price aggregators. The dollar had an average inflation rate of 2.22% per year between 1860 and today, producing a cumulative price increase of 3,504.46%. Shows average prices of bread in England for each year from 1660-1899 on pages 27-35. Chart shows postal rates for mailing a domestic letter. 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. 34-35. Read more about inflation and investment. (. in2013dollars.com is a reference website maintained by the Official Data Foundation. Government Documents Department, Ellis Library Land was generally $5-15 per acre. It shows the prices for common items such as sugar, coffee, oil, whisky, pork, and potatoes. Dates compared: 1860-61 and 1867-68. Bureau of Statistics of Labor, 28th Annual Report, p. 22. a riot, war, earthquake . CPI is the weighted combination of many categories of spending that are tracked by the government. He has worked for Google, NASA, and consulted for governments around the world on data pipelines and data analysis. Belleisle 15. How much was $20000 1860? The U.S. CPI was 12.6 in the year 1800 and 299.17 in 2023: $1 in 1800 has the same "purchasing power" or "buying power" as $23.74 in 2023. They would also transport bodies as described in this 1862 publication. This table and charts use the earliest available data for each category. Most hair dressers charge between 50 and $1.50 to cut and dress hair. $1,000,000 in 1860 is equivalent in purchasing power to about $33,323,975.90 today, an increase of $32,323,975.90 over 161 years. How much was $12 1865? The dollar had an average inflation rate of 2.20% per year between 1860 and today, producing a cumulative price increase of 3,232.40%. Note: See also the "MULTIPLE" tab (above) for additional railroad fares. If this number holds, $1 today will be equivalent in buying power to $1.06 next year. Value of $1 from 1859 to 1860 $1 in 1859 is equivalent in purchasing power to about $1 in 1860. Page 27 details the price of hay, potatoes, beans, and other farm products in North Penobscot, Maine following the end of the Civil War. spent on a purchase Food, Clothing, TV, Car, Movie Ticket, Vacation, Gasoline . Source: U.S. Bureau of Labor Statistics Staff Paper #2. According to the diary of Elisha Hunt Rhodes, as a Union Corporal in late 1861 he received $13 per month wages, plus 30 cents per day for rations and 35 cents per day for "extra services" (whatever those are). Also includes price of molasses and syrup. Utah farm land and buildings averaged $15 per acre in 1860. Land was generally $1.25 to $10 per acre. . Inflation data from 1634 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. Numerous stage coach lines, routes and fares are listed on pages 44-92 of. As listed in the American Almanac and Repository of Useful Knowledge published in 1830. 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. in the tables. The U.S. CPI was 8.3 in the year 1860 and 297.711 in 2022: 297.711 8.3 $13 = Special thanks to QuickChart for their chart image API, which is used for chart downloads. Special thanks to QuickChart for their chart image API, which is used for chart downloads. Source: Section titled "Skeleton tours" estimates the travel and total costs of suggested tourist itineraries. Source: This is a "Prices Current" column from the Shreveport Daily News. Scroll to bottom of page for the . Use the form on this page to perform your own inflation calculation for any year. The dollar had an average inflation rate of 2.22% per year between 1860 and today, producing a cumulative price increase of 3,504.46%. He has worked for Google, NASA, and consulted for governments around the world on data pipelines and data analysis. For comparison, in the UK 300.00 in 1860 would be equivalent to 46,669.40 in 2023, an absolute change of 46,369.40 and a cumulative change of 15,456.47%.
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