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Confederate Inflation Rates (1861 - 1865)
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The Chart to the right shows the Annualized Confederate Inflation Rate. The table below shows the actual Confederate Treasury Note Inflation data.



 

Confederate Inflation Rates (1861-65)

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The Chart to the right shows the Annualized Confederate Inflation Rate.  The Annual Inflation Rates are calculated from information provided  by the Richmond Civil War Centennial Committee on the purchasing power of Confederate Notes. 

The table below shows the actual Confederate Treasury Note Inflation data that was used to develop this chart. The method used was to create an index setting January 1, 1861 equal to 100 and adjusting the following months to come up with an Inflation index figure for the first of each succeeding month by interpolating from surrounding months if necessary to fill in the blanks. Note that some months have additional Inflation data for the 15th of the month while other months have no data available. In order to perform the annual inflation calculations we needed a figure for the first of  each month. So for example, in order to come up with an inflation number for June 1, 1862 we had to interpolate between the May 15th price of $1.95 and the June 15th price of $2.00

Annual Confederate Inflation Rate Chart
ConfederateInflationRates.gif (34300 bytes)
(click for larger image)
 
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CONFEDERATE TREASURY NOTES
Relative Purchasing Power in GOLD

Date 1861 1862 1863 1864 1865
1-Jan $1.00  

  

  $60.00
1-Feb   $1.25

$3.00

   
15-Feb   $1.40 $3.10   $50.00
1-Mar   $1.50 $3.25 $26.00  
15-Mar   $1.65 $5.00    
1-Apr   $1.75 $19.00 $70.00
15-Apr   $1.80      $80.00
20-Apr         $100.00
1-May $1.05 $1.90   $20.00 $1,200.00
(last exchange)
15-May   $1.95 $6.00  
1-Jun     $6.50     
15-Jun   $2.00 $7.50    
1-Jul     $8.00    
15-Jul     $10.00    
1-Aug   $2.20      
15-Aug     $15.00 $21.00   
1-Sep   $2.50       
15-Sep       $23.00   
1-Oct $1.10        
15-Oct $1.12     $25.00  
1-Nov          
15-Nov $1.15   $15.50 $29.00  
1-Dec $1.20  

 

$32.00  
15-Dec     $21.00 $51.00  
 
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