$1 in 1700 → $1.12 in 1704

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$

U.S. Inflation Rate, $1 in 1700 to 1704

According to the Bureau of Labor Statistics consumer price index, prices in 1704 are 12.20% higher than prices in 1700. The dollar experienced an average inflation rate of 2.92% per year during this period.

In other words, $1 in 1700 is equivalent in purchasing power to $1.12 in 1704, a difference of $0.12 over 4 years.

The 1700 inflation rate was -2.38%. The inflation rate in 1704 was 17.95%. The 1704 inflation rate is higher compared to the average inflation rate of 1.28% per year between 1704 and 2019.


Inflation from 1700 to 1704
Cumulative price change 12.20%
Average inflation rate 2.92%
Converted amount ($1 base) $1.12
Price difference ($1 base) $0.12
CPI in 1700 4.100
CPI in 1704 4.600
Inflation in 1700 -2.38%
Inflation in 1704 17.95%


U.S. inflation chart since 1665


Buying power of $1 in 1700

This chart shows calculations of buying power equivalence over time for $1 in 1700 (price index tracking began in 1635).

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:

Year USD Value Inflation Rate
1700 $1.00 -2.38%
1701 $1.05 4.88%
1702 $0.95 -9.30%
1703 $0.95 0.00%
1704 $1.12 17.95%
1705 $1.02 -8.70%
1706 $1.10 7.14%
1707 $1.05 -4.44%
1708 $0.88 -16.28%
1709 $1.10 25.00%
1710 $1.00 -8.89%
1711 $0.98 -2.44%
1712 $0.93 -5.00%
1713 $1.00 7.89%
1714 $0.90 -9.76%
1715 $1.07 18.92%
1716 $1.00 -6.82%
1717 $1.10 9.76%
1718 $1.00 -8.89%
1719 $1.10 9.76%
1720 $1.02 -6.67%
1721 $0.98 -4.76%
1722 $1.00 2.50%
1723 $1.02 2.44%
1724 $1.05 2.38%
1725 $1.22 16.28%
1726 $1.15 -6.00%
1727 $1.22 6.38%
1728 $1.12 -8.00%
1729 $1.12 0.00%
1730 $1.12 0.00%
1731 $1.02 -8.70%
1732 $0.93 -9.52%
1733 $0.95 2.63%
1734 $0.93 -2.56%
1735 $0.98 5.26%
1736 $0.93 -5.00%
1737 $0.98 5.26%
1738 $1.00 2.50%
1739 $0.90 -9.76%
1740 $0.95 5.41%
1741 $1.59 66.67%
1742 $1.41 -10.77%
1743 $1.27 -10.34%
1744 $1.17 -7.69%
1745 $1.12 -4.17%
1746 $1.17 4.35%
1747 $1.29 10.42%
1748 $1.54 18.87%
1749 $1.56 1.59%
1750 $1.56 0.00%
1751 $1.56 0.00%
1752 $1.61 3.12%
1753 $1.56 -3.03%
1754 $1.49 -4.69%
1755 $1.46 -1.64%
1756 $1.41 -3.33%
1757 $1.51 6.90%
1758 $1.63 8.06%
1759 $1.93 17.91%
1760 $1.85 -3.80%
1761 $1.68 -9.21%
1762 $1.83 8.70%
1763 $1.83 0.00%
1764 $1.71 -6.67%
1765 $1.76 2.86%
1766 $1.88 6.94%
1767 $1.85 -1.30%
1768 $1.76 -5.26%
1769 $1.85 5.56%
1770 $2.00 7.89%
1771 $1.90 -4.88%
1772 $2.22 16.67%
1773 $2.10 -5.49%
1774 $1.98 -5.81%
1775 $1.88 -4.94%
1776 $2.12 12.99%
1777 $2.59 21.84%
1778 $3.37 30.19%
1779 $2.98 -11.59%
1780 $3.34 12.30%
1781 $2.71 -18.98%
1782 $2.95 9.01%
1783 $2.59 -12.40%
1784 $2.49 -3.77%
1785 $2.37 -4.90%
1786 $2.32 -2.06%
1787 $2.27 -2.11%
1788 $2.17 -4.30%
1789 $2.15 -1.12%
1790 $2.24 4.55%
1791 $2.29 2.17%
1792 $2.34 2.13%
1793 $2.41 3.13%
1794 $2.68 11.11%
1795 $3.07 14.55%
1796 $3.22 4.76%
1797 $3.10 -3.79%
1798 $3.00 -3.15%
1799 $3.00 0.00%
1800 $3.07 2.44%
1801 $3.10 0.79%
1802 $2.61 -15.75%
1803 $2.76 5.61%
1804 $2.88 4.42%
1805 $2.85 -0.85%
1806 $2.98 4.27%
1807 $2.83 -4.92%
1808 $3.07 8.62%
1809 $3.00 -2.38%
1810 $3.00 0.00%
1811 $3.20 6.50%
1812 $3.24 1.53%
1813 $3.90 20.30%
1814 $4.29 10.00%
1815 $3.76 -12.50%
1816 $3.44 -8.44%
1817 $3.24 -5.67%
1818 $3.10 -4.51%
1819 $3.10 0.00%
1820 $2.85 -7.87%
1821 $2.76 -3.42%
1822 $2.85 3.54%
1823 $2.56 -10.26%
1824 $2.37 -7.62%
1825 $2.41 2.06%
1826 $2.41 0.00%
1827 $2.44 1.01%
1828 $2.32 -5.00%
1829 $2.27 -2.11%
1830 $2.24 -1.08%
1831 $2.12 -5.43%
1832 $2.10 -1.15%
1833 $2.05 -2.33%
1834 $2.10 2.38%
1835 $2.15 2.33%
1836 $2.27 5.68%
1837 $2.34 3.23%
1838 $2.27 -3.12%
1839 $2.27 0.00%
1840 $2.12 -6.45%
1841 $2.12 0.00%
1842 $2.00 -5.75%
1843 $1.80 -9.76%
1844 $1.83 1.35%
1845 $1.85 1.33%
1846 $1.88 1.32%
1847 $2.00 6.49%
1848 $1.93 -3.66%
1849 $1.88 -2.53%
1850 $1.90 1.30%
1851 $1.88 -1.28%
1852 $1.88 0.00%
1853 $1.88 0.00%
1854 $2.05 9.09%
1855 $2.12 3.57%
1856 $2.07 -2.30%
1857 $2.12 2.35%
1858 $2.00 -5.75%
1859 $2.02 1.22%
1860 $2.02 0.00%
1861 $2.15 6.02%
1862 $2.46 14.77%
1863 $3.07 24.75%
1864 $3.83 24.60%
1865 $3.98 3.82%
1866 $3.88 -2.45%
1867 $3.61 -6.92%
1868 $3.46 -4.05%
1869 $3.32 -4.23%
1870 $3.20 -3.68%
1871 $2.98 -6.87%
1872 $2.98 0.00%
1873 $2.93 -1.64%
1874 $2.78 -5.00%
1875 $2.68 -3.51%
1876 $2.61 -2.73%
1877 $2.56 -1.87%
1878 $2.44 -4.76%
1879 $2.44 0.00%
1880 $2.49 2.00%
1881 $2.49 0.00%
1882 $2.49 0.00%
1883 $2.46 -0.98%
1884 $2.39 -2.97%
1885 $2.37 -1.02%
1886 $2.29 -3.09%
1887 $2.32 1.06%
1888 $2.32 0.00%
1889 $2.24 -3.16%
1890 $2.22 -1.09%
1891 $2.22 0.00%
1892 $2.22 0.00%
1893 $2.20 -1.10%
1894 $2.10 -4.44%
1895 $2.05 -2.33%
1896 $2.05 0.00%
1897 $2.02 -1.19%
1898 $2.02 0.00%
1899 $2.02 0.00%
1900 $2.05 1.20%
1901 $2.07 1.19%
1902 $2.10 1.18%
1903 $2.15 2.33%
1904 $2.17 1.14%
1905 $2.15 -1.12%
1906 $2.20 2.27%
1907 $2.29 4.44%
1908 $2.24 -2.13%
1909 $2.22 -1.09%
1910 $2.32 4.40%
1911 $2.32 0.00%
1912 $2.37 2.11%
1913 $2.41 2.06%
1914 $2.44 1.01%
1915 $2.46 1.00%
1916 $2.66 7.92%
1917 $3.12 17.43%
1918 $3.68 17.97%
1919 $4.22 14.57%
1920 $4.88 15.61%
1921 $4.37 -10.50%
1922 $4.10 -6.15%
1923 $4.17 1.79%
1924 $4.17 0.00%
1925 $4.27 2.34%
1926 $4.32 1.14%
1927 $4.24 -1.69%
1928 $4.17 -1.72%
1929 $4.17 0.00%
1930 $4.07 -2.34%
1931 $3.71 -8.98%
1932 $3.34 -9.87%
1933 $3.17 -5.11%
1934 $3.27 3.08%
1935 $3.34 2.24%
1936 $3.39 1.46%
1937 $3.51 3.60%
1938 $3.44 -2.08%
1939 $3.39 -1.42%
1940 $3.41 0.72%
1941 $3.59 5.00%
1942 $3.98 10.88%
1943 $4.22 6.13%
1944 $4.29 1.73%
1945 $4.39 2.27%
1946 $4.76 8.33%
1947 $5.44 14.36%
1948 $5.88 8.07%
1949 $5.80 -1.24%
1950 $5.88 1.26%
1951 $6.34 7.88%
1952 $6.46 1.92%
1953 $6.51 0.75%
1954 $6.56 0.75%
1955 $6.54 -0.37%
1956 $6.63 1.49%
1957 $6.85 3.31%
1958 $7.05 2.85%
1959 $7.10 0.69%
1960 $7.22 1.72%
1961 $7.29 1.01%
1962 $7.37 1.00%
1963 $7.46 1.32%
1964 $7.56 1.31%
1965 $7.68 1.61%
1966 $7.90 2.86%
1967 $8.15 3.09%
1968 $8.49 4.19%
1969 $8.95 5.46%
1970 $9.46 5.72%
1971 $9.88 4.38%
1972 $10.20 3.21%
1973 $10.83 6.22%
1974 $12.02 11.04%
1975 $13.12 9.13%
1976 $13.88 5.76%
1977 $14.78 6.50%
1978 $15.90 7.59%
1979 $17.71 11.35%
1980 $20.10 13.50%
1981 $22.17 10.32%
1982 $23.54 6.16%
1983 $24.29 3.21%
1984 $25.34 4.32%
1985 $26.24 3.56%
1986 $26.73 1.86%
1987 $27.71 3.65%
1988 $28.85 4.14%
1989 $30.24 4.82%
1990 $31.88 5.40%
1991 $33.22 4.21%
1992 $34.22 3.01%
1993 $35.24 2.99%
1994 $36.15 2.56%
1995 $37.17 2.83%
1996 $38.27 2.95%
1997 $39.15 2.29%
1998 $39.76 1.56%
1999 $40.63 2.21%
2000 $42.00 3.36%
2001 $43.20 2.85%
2002 $43.88 1.58%
2003 $44.88 2.28%
2004 $46.07 2.66%
2005 $47.63 3.39%
2006 $49.17 3.23%
2007 $50.57 2.85%
2008 $52.51 3.84%
2009 $52.33 -0.36%
2010 $53.18 1.64%
2011 $54.86 3.16%
2012 $56.00 2.07%
2013 $56.82 1.46%
2014 $57.74 1.62%
2015 $57.81 0.12%
2016 $58.54 1.26%
2017 $59.79 2.13%
2018 $61.25 2.44%
2019 $61.28 0.05%*
* Compared to previous annual rate. Not final. See inflation summary for latest 12-month trailing value.

Inflation by Spending Category

CPI is the weighted combination of many categories of spending that are tracked by the government. This chart shows the average rate of inflation for select CPI categories between 1700 and 1704.

Compare these values to the overall average of 2.92% per year:

Category Avg Inflation (%) Total Inflation (%) $1 in 1700 → 1704
Food 0.00 0.00 1.00
Shelter 0.00 0.00 1.00
Energy 0.00 0.00 1.00
Apparel 0.00 0.00 1.00
New vehicles 0.00 0.00 1.00
Used cars and trucks 0.00 0.00 1.00
Transportation services 0.00 0.00 1.00
Medical care services 0.00 0.00 1.00
Medical care commodities 0.00 0.00 1.00

It's important to note that not all categories may be tracked since 1700. This table and visualization use the earliest available data for each category.



How to Calculate Inflation Rate for $1, 1700 to 1704

This inflation calculator uses the following inflation rate formula:

CPI in 1704CPI in 1700
×
1700 USD value
=
1704 USD value

Then plug in historical CPI values. The U.S. CPI was 4.1 in the year 1700 and 4.6 in 1704:

4.64.1
×
$1
=
$1.12

$1 in 1700 has the same "purchasing power" or "buying power" as $1.12 in 1704.

To get the total inflation rate for the 4 years between 1700 and 1704, we use the following formula:

CPI in 1704 - CPI in 1700CPI in 1700
×
100
=
Cumulative inflation rate (4 years)

Plugging in the values to this equation, we get:

4.6 - 4.14.1
×
100
=
12%

News headlines from 1700

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

  • Russia, Denmark-Norway and Saxony declare war against the Swedish Empire, the conflict is later known as the Great Northern War.
  • Denmark stops using the Julian calendar.
  • The Pacific Island of New Britain is discovered.

Data Source & Citation

Raw data for these calculations comes from the Bureau of Labor Statistics' (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 1700 → 1704 | Inflation Calculator.” U.S. Official Inflation Data, Alioth Finance, 18 Jan. 2019, https://www.officialdata.org/1700-dollars-in-1704?amount=1.

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


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