According to the Bureau of Labor Statistics consumer price index, the dollar experienced an average inflation rate of 1.08% per year. Prices in 2016 are 2854.8% higher than prices in 1700.
In other words, $200 in the year 1700 is equivalent in purchasing power to $5,909.54 in 2016, a difference of $5,709.54 over 316 years.
The inflation rate in 2016 was 1.26%.
|Cumulative price change||2854.77%|
|Average inflation rate||1.08%|
|Price difference ($200 base)||$5,709.54|
|CPI in 2016||240.007|
Politics and news often influence economic performance. Here's what was happening at the time:
Raw data for these calculations comes from the Bureau of Labor Statistics' Consumer Price Index (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: “$200 in 1700 → 2016 | Inflation Calculator.” FinanceRef Inflation Calculator, Alioth Finance, 21 Mar. 2018, http://www.in2013dollars.com/1700-dollars-in-2016?amount=200.