$1 in 1860 is equivalent in purchasing power to about $1.52 in 1863, an increase of $0.52 over 3 years. The dollar had an average inflation rate of 14.93% per year between 1860 and 1863, producing a cumulative price increase of 51.81%.

This means that prices in 1863 are 1.52 times higher than average prices since 1860, according to the Bureau of Labor Statistics consumer price index.

The 1860 inflation rate was 0.00%. The inflation rate in 1863 was 24.75%. The 1863 inflation rate is higher compared to the average inflation rate of 1.97% per year between 1863 and 2021.

Contents

⌃

Cumulative price change | 51.81% |

Average inflation rate | 14.93% |

Converted amount ($1 base) | $1.52 |

Price difference ($1 base) | $0.52 |

CPI in 1860 | 8.300 |

CPI in 1863 | 12.600 |

Inflation in 1860 | 0.00% |

Inflation in 1863 | 24.75% |

$1 in 1860 | $1.52 in 1863 |

This chart shows a calculation of buying power equivalence for $1 in 1860 (price index tracking began in 1635).

For example, if you started with $1, you would need to end with $1.52 in order to "adjust" for inflation (sometimes refered to as "beating inflation").

When $1 is equivalent to $1.52 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 1860 dollars, the chart below shows how $1 is worth less over 3 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:

This conversion table shows various other 1860 amounts in 1863 dollars, based on the 51.81% change in prices:

Initial value | Equivalent value |
---|---|

$1 dollar in 1860 | $1.52 dollars in 1863 |

$5 dollars in 1860 | $7.59 dollars in 1863 |

$10 dollars in 1860 | $15.18 dollars in 1863 |

$50 dollars in 1860 | $75.90 dollars in 1863 |

$100 dollars in 1860 | $151.81 dollars in 1863 |

$500 dollars in 1860 | $759.04 dollars in 1863 |

$1,000 dollars in 1860 | $1,518.07 dollars in 1863 |

$5,000 dollars in 1860 | $7,590.36 dollars in 1863 |

$10,000 dollars in 1860 | $15,180.72 dollars in 1863 |

$50,000 dollars in 1860 | $75,903.61 dollars in 1863 |

$100,000 dollars in 1860 | $151,807.23 dollars in 1863 |

$500,000 dollars in 1860 | $759,036.14 dollars in 1863 |

$1,000,000 dollars in 1860 | $1,518,072.29 dollars in 1863 |

Inflation can also vary widely by country. For comparison, in the UK £1.00 in 1860 would be equivalent to £0.97 in 1863, an absolute change of £-0.03 and a cumulative change of -3.23%.

Compare these numbers to the US's overall absolute change of $0.52 and total percent change of 51.81%.

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 1860 and 1863.

Compare these values to the overall average of 14.93% per year:

Category | Avg Inflation (%) | Total Inflation (%) | $1 in 1860 → 1863 |
---|---|---|---|

Food and beverages | 0.00 | 0.00 | 1.00 |

Housing | 0.00 | 0.00 | 1.00 |

Apparel | 0.00 | 0.00 | 1.00 |

Transportation | 0.00 | 0.00 | 1.00 |

Medical care | 0.00 | 0.00 | 1.00 |

Recreation | 0.00 | 0.00 | 1.00 |

Education and communication | 0.00 | 0.00 | 1.00 |

Other goods and services | 0.00 | 0.00 | 1.00 |

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 1860. This table and charts use the earliest available data for each category.

Our calculations use the following inflation rate formula to calculate the change in value between 1860 and 1863:

CPI in 1863
CPI in 1860

×

1860 USD value

=

1863 USD value

Then plug in historical CPI values. The U.S. CPI was 8.3 in the year 1860 and 12.6 in 1863:

12.68.3

×

$1

=

$1 in 1860 has the same "purchasing power" or "buying power" as $1.52 in 1863.

To get the total inflation rate for the 3 years between 1860 and 1863, we use the following formula:

CPI in 1863 - CPI in 1860CPI in 1860

×

100

=

Plugging in the values to this equation, we get:

12.6 - 8.38.3

×

100

=

Politics and news often influence economic performance. Here's what was happening at the time:

- Abraham Lincoln becomes the 16th President of the U.S.
- Slavery ends in the Dutch East Indies.

Raw data for these calculations comes from the Bureau of Labor Statistics' Consumer Price Index (CPI), established in 1913. Inflation data from 1665 to 1912 is sourced from a historical study conducted by political science professor Robert Sahr at Oregon State University.

You may use the following MLA citation for this page: “$1 in 1860 → 1863 | Inflation Calculator.” Official Inflation Data, Alioth Finance, 20 Oct. 2021, https://www.officialdata.org/us/inflation/1860?amount=1&endYear=1863.

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

in2013dollars.com is a reference website maintained by the Official Data Foundation.

Cumulative price change | 51.81% |

Average inflation rate | 14.93% |

Converted amount ($1 base) | $1.52 |

Price difference ($1 base) | $0.52 |

CPI in 1860 | 8.300 |

CPI in 1863 | 12.600 |

Inflation in 1860 | 0.00% |

Inflation in 1863 | 24.75% |

$1 in 1860 | $1.52 in 1863 |