What was 1000 dollars worth in 1800

These documents may record large purchases by government institutions rather than ordinary retail prices, and wages of skilled craftsmen rather than the general level of earnings. Our calculations are intended as a general guide to historical values, not a statement of fact. You can find an inflation calculator from to at www. Calculations based on the retail price index may not always be appropriate: comparisons based on average earnings or gross domestic product per head may be more suitable.

Ian earned his degree in Computer Science from Dartmouth College. Canada U. Australia Europe More Countries. Start year. End year. Inflation from to Cumulative price change 7, Not final. See inflation summary for latest month trailing value. News headlines from Politics and news often influence economic performance. Then plug in historical CPI values. The U. CPI was To get the total inflation rate for the years between and , we use the following formula:. A composite index is created by combining price data from several different published sources, both official and unofficial.

The Consumer Price Index, normally used to compute inflation, has only been tracked since 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. The inflation rate was 2. The current year-over-year inflation rate to is now 6. The current inflation rate page gives more detail on the latest inflation rates. 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. 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:. This conversion table shows various other amounts in today's dollars, based on the 2, Inflation can also vary widely by country.

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 and The graph below compares inflation in categories of goods over time.