What was money worth in 1880

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. You can find comparators of both kinds at measuringworth. Icons made by Freepik from www. This website uses cookies We place some essential cookies on your device to make this website work. Table of Contents. We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits.

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These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. 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. 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 2, Not final. See inflation summary for latest month trailing value. Inflation by Country Inflation can also vary widely by country. Inflation by Spending Category CPI is the weighted combination of many categories of spending that are tracked by the government. News headlines from Politics and news often influence economic performance. This chart shows the average rate of inflation for select CPI categories between and For all these visualizations, it's important to note that not all categories may have been tracked since 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 and Then plug in historical CPI values. The U. CPI was 10 in the year and To get the total inflation rate for the 1 years between and , we use the following formula:. This is a return on investment of These numbers are not inflation adjusted, so they are considered nominal. In order to evaluate the real return on our investment, we must calculate the return with inflation taken into account.