Federal Reserve Bank of Minneapolis

Consumer Price Index (Estimate) 1800-2000


Source:
Handbook of Labor Statistics
U.S. Department of Labor
Bureau of Labor Statistics
 
Indexes from 1800 to 1912 and 2002 estimated by splicing the following series: 1800 to 1851—Index of Prices Paid by Vermont Farmers for Family Living;
1851 to 1890 —Consumer Price Index by Ethel D. Hoover;
1890 to 1912 — Cost of Living Index by Albert Rees;
2002—An estimate for 2002 is based on the change in the CPI from
            first quarter 2001 to first quarter 2002.
 
To calculate the change in prices, use the formula from the example below:

What is $1 in 1850 worth in 2002?
 
2002 Price = 1850 Price x (2002 CPI / 1850 CPI)
2002 Price = $1 x (537 / 25)
2002 Price = $21.48
 
$1 in 1850 is worth $21.48 in 2002.
			
       Annual  Annual Percent
Year   Average Change
             (rate of inflation)
1800	51	   --
1801	50	 -2.0
1802	43	-14.0
1803	45	  4.7
1804	45	  0.0
1805	45	  0.0
1806	47	  4.4
1807	44	 -6.4
1808	48	  9.1
1809	47	 -2.1
1810	47	  0.0
1811	50	  6.4
1812	51	  2.0
1813	58	 13.7
1814	63	  8.6
1815	55	-12.7
1816	51	 -7.3
1817	48	 -5.9
1818	46	 -4.2
1819	46	  0.0
1820	42	 -8.7
1821	40	 -4.8
1822	40	  0.0
1823	36	-10.0
1824	33	 -8.3
1825	34	  3.0
1826	34	  0.0
1827	34	  0.0
1828	33	 -2.9
1829	32	 -3.0
1830	32	  0.0
1831	32	  0.0
1832	30	 -6.3
1833	29	 -3.3
1834	30	  3.4
1835	31	  3.3
1836	33	  6.5
1837	34	  3.0
1838	32	 -5.9
1839	32	  0.0
1840	30	 -6.3
1841	31	  3.3
1842	29	 -6.5
1843	28	 -3.4
1844	28	  0.0
1845	28	  0.0
1846	27	 -3.6
1847	28	  3.7
1848	26	 -7.1
1849	25	 -3.8
1850	25	  0.0
1851	25	  0.0
1852	25	  0.0
1853	25	  0.0
1854	27	  8.0
1855	28	  3.7
1856	27	 -3.6
1857	28	  3.7
1858	26	 -7.1
1859	27	  3.8
1860	27	  0.0
1861	27	  0.0
1862	30	 11.1
1863	37	 23.3
1864	47	 27.0
1865	46	 -2.1
1866	44	 -4.3
1867	42	 -4.5
1868	40	 -4.8
1869	40	  0.0
1870	38	 -5.0
1871	36	 -5.3
1872	36	  0.0
1873	36	  0.0
1874	34	 -5.6
1875	33	 -2.9
1876	32	 -3.0
1877	32	  0.0
1878	29	 -9.4
1879	28	 -3.4
1880	29	  3.6
1881	29	  0.0
1882	29	  0.0
1883	28	 -3.4
1884	27	 -3.6
1885	27	  0.0
1886	27	  0.0
1887	27	  0.0
1888	27	  0.0
1889	27	  0.0
1890	27	  0.0
1891	27	  0.0
1892	27	  0.0
1893	27	  0.0
1894	26	 -3.7
1895	25	 -3.8
1896	25	  0.0
1897	25	  0.0
1898	25	  0.0
1899	25	  0.0
1900	25	  0.0
1901	25	  0.0
1902	26	  4.0
1903	27	  3.8
1904	27	  0.0
1905	27	  0.0
1906	27	  0.0
1907	28	  3.7
1908	27	 -3.6
1909	27	  0.0
1910	28	  3.7
1911	28	  0.0
1912	29	  3.6
1913    29.7	  2.4
1914    30.1	  1.3
1915    30.4	  1.0
1916    32.7	  7.6
1917    38.4	 17.4
1918    45.1	 17.4
1919    51.8 	 14.9
1920    60.0	 15.8
1921    53.6	-10.7
1922    50.2	 -6.3
1923    51.1	  1.8
1924    51.2	  0.2
1925    52.5	  2.5
1926    53.0	  1.0
1927    52.0	 -1.9
1928    51.3	 -1.3
1929    51.3	  0.0
1930    50.0	 -2.5
1931    45.6	 -8.8
1932    40.9	-10.3
1933    38.8	 -5.1
1934    40.1	  3.4
1935    41.1	  2.5
1936    41.5	  1.0
1937    43.0	  3.6
1938    42.2	 -1.9
1939    41.6	 -1.4
1940    42.0	  1.0
1941    44.1	  5.0
1942    48.8	 10.7
1943    51.8	  6.1
1944    52.7	  1.7
1945    53.9	  2.3
1946    58.5	  8.5
1947    66.9	 14.4
1948    72.1	  7.8
1949    71.4	 -1.0
1950    72.1	  1.0
1951    77.8	  7.9
1952    79.5	  2.2
1953    80.1	  0.8
1954    80.5	  0.5
1955    80.2	 -0.4
1956    81.4	  1.5
1957    84.3	  3.6
1958    86.6	  2.7
1959    87.3	  0.8
1960    88.7	  1.6
1961    89.6	  1.0
1962    90.6	  1.1
1963    91.7	  1.2
1964    92.9	  1.3
1965    94.5	  1.7
1966    97.2	  2.9
1967   100.0	  2.9
1968   104.2	  4.2
1969   109.8	  5.4
1970   116.3	  5.9
1971   121.3	  4.3
1972   125.3	  3.3
1973   133.1	  6.2
1974   147.7	 11.0
1975   161.2	  9.1
1976   170.5	  5.8
1977   181.5	  6.5
1978   195.4	  7.7
1979   217.4	 11.3
1980   246.8	 13.5
1981   272.4	 10.4
1982   289.1	  6.1
1983   298.4	  3.2
1984   311.1	  4.3
1985   322.2	  3.6
1986   328.4	  1.8
1987   340.4	  3.6
1988   354.3	  4.1
1989   371.3	  4.8
1990   391.4	  5.4
1991   408.0	  4.2
1992   420.3	  3.0
1993   432.7	  3.0
1994   444.0	  2.2
1995   456.5	  2.8
1996   469.9	  2.9
1997   480.8	  2.3
1998   488.3	  1.6
1999   499.0	  2.2
2000   516.0	  3.4
2001   530.5	  2.8
2002   537.0	  1.2 	

*An estimate for 2002 is based on the change in the 
CPI from first quarter 2001 to first quarter 2002.

Comments to mailto:rob.grunewald@mpls.frb.org

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