SAEDNEWS: The video will show the things you could buy with 50 dollars back in time!
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SAEDNEWS: $50 in 1820 is equivalent in purchasing power to about $1,342.63 today, an increase of $1,292.63 over 204 years. The dollar had an average inflation rate of 1.63% per year between 1820 and today, producing a cumulative price increase of 2,585.26%.
This means that today's prices are 26.85 times as high as average prices since 1820, according to the Bureau of Labor Statistics consumer price index. A dollar today only buys 3.724% of what it could buy back then.
The inflation rate in 1820 was -7.87%. The current inflation rate compared to the end of last year is now 2.97%. If this number holds, $50 today will be equivalent in buying power to $51.49 next year. The current inflation rate page gives more detail on the latest inflation rates.
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