$1 in 1705 → $0.86 in 1708

Inflation Calculator

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U.S. Inflation Rate, $1 in 1705 to 1708

According to the Bureau of Labor Statistics consumer price index, prices in 1708 are 14.29% lower than average prices throughout 1705. The dollar experienced an average deflation rate of -5.01% per year during this period.

In other words, $1 in 1705 is equivalent in purchasing power to $0.86 in 1708, a difference of $-0.14 over 3 years.

The 1705 inflation rate was -8.70%. The inflation rate in 1708 was -16.28%. The 1708 inflation rate is lower compared to the average inflation rate of 1.38% per year between 1708 and 2019.


Inflation from 1705 to 1708
Cumulative price change -14.29%
Average inflation rate -5.01%
Converted amount ($1 base) $0.86
Price difference ($1 base) $-0.14
CPI in 1705 4.200
CPI in 1708 3.600
Inflation in 1705 -8.70%
Inflation in 1708 -16.28%


U.S. inflation chart since 1665


Buying power of $1 in 1705

This chart shows calculations of buying power equivalence over time for $1 in 1705 (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
1705 $1.00 -8.70%
1706 $1.07 7.14%
1707 $1.02 -4.44%
1708 $0.86 -16.28%
1709 $1.07 25.00%
1710 $0.98 -8.89%
1711 $0.95 -2.44%
1712 $0.90 -5.00%
1713 $0.98 7.89%
1714 $0.88 -9.76%
1715 $1.05 18.92%
1716 $0.98 -6.82%
1717 $1.07 9.76%
1718 $0.98 -8.89%
1719 $1.07 9.76%
1720 $1.00 -6.67%
1721 $0.95 -4.76%
1722 $0.98 2.50%
1723 $1.00 2.44%
1724 $1.02 2.38%
1725 $1.19 16.28%
1726 $1.12 -6.00%
1727 $1.19 6.38%
1728 $1.10 -8.00%
1729 $1.10 0.00%
1730 $1.10 0.00%
1731 $1.00 -8.70%
1732 $0.90 -9.52%
1733 $0.93 2.63%
1734 $0.90 -2.56%
1735 $0.95 5.26%
1736 $0.90 -5.00%
1737 $0.95 5.26%
1738 $0.98 2.50%
1739 $0.88 -9.76%
1740 $0.93 5.41%
1741 $1.55 66.67%
1742 $1.38 -10.77%
1743 $1.24 -10.34%
1744 $1.14 -7.69%
1745 $1.10 -4.17%
1746 $1.14 4.35%
1747 $1.26 10.42%
1748 $1.50 18.87%
1749 $1.52 1.59%
1750 $1.52 0.00%
1751 $1.52 0.00%
1752 $1.57 3.12%
1753 $1.52 -3.03%
1754 $1.45 -4.69%
1755 $1.43 -1.64%
1756 $1.38 -3.33%
1757 $1.48 6.90%
1758 $1.60 8.06%
1759 $1.88 17.91%
1760 $1.81 -3.80%
1761 $1.64 -9.21%
1762 $1.79 8.70%
1763 $1.79 0.00%
1764 $1.67 -6.67%
1765 $1.71 2.86%
1766 $1.83 6.94%
1767 $1.81 -1.30%
1768 $1.71 -5.26%
1769 $1.81 5.56%
1770 $1.95 7.89%
1771 $1.86 -4.88%
1772 $2.17 16.67%
1773 $2.05 -5.49%
1774 $1.93 -5.81%
1775 $1.83 -4.94%
1776 $2.07 12.99%
1777 $2.52 21.84%
1778 $3.29 30.19%
1779 $2.90 -11.59%
1780 $3.26 12.30%
1781 $2.64 -18.98%
1782 $2.88 9.01%
1783 $2.52 -12.40%
1784 $2.43 -3.77%
1785 $2.31 -4.90%
1786 $2.26 -2.06%
1787 $2.21 -2.11%
1788 $2.12 -4.30%
1789 $2.10 -1.12%
1790 $2.19 4.55%
1791 $2.24 2.17%
1792 $2.29 2.13%
1793 $2.36 3.13%
1794 $2.62 11.11%
1795 $3.00 14.55%
1796 $3.14 4.76%
1797 $3.02 -3.79%
1798 $2.93 -3.15%
1799 $2.93 0.00%
1800 $3.00 2.44%
1801 $3.02 0.79%
1802 $2.55 -15.75%
1803 $2.69 5.61%
1804 $2.81 4.42%
1805 $2.79 -0.85%
1806 $2.90 4.27%
1807 $2.76 -4.92%
1808 $3.00 8.62%
1809 $2.93 -2.38%
1810 $2.93 0.00%
1811 $3.12 6.50%
1812 $3.17 1.53%
1813 $3.81 20.30%
1814 $4.19 10.00%
1815 $3.67 -12.50%
1816 $3.36 -8.44%
1817 $3.17 -5.67%
1818 $3.02 -4.51%
1819 $3.02 0.00%
1820 $2.79 -7.87%
1821 $2.69 -3.42%
1822 $2.79 3.54%
1823 $2.50 -10.26%
1824 $2.31 -7.62%
1825 $2.36 2.06%
1826 $2.36 0.00%
1827 $2.38 1.01%
1828 $2.26 -5.00%
1829 $2.21 -2.11%
1830 $2.19 -1.08%
1831 $2.07 -5.43%
1832 $2.05 -1.15%
1833 $2.00 -2.33%
1834 $2.05 2.38%
1835 $2.10 2.33%
1836 $2.21 5.68%
1837 $2.29 3.23%
1838 $2.21 -3.12%
1839 $2.21 0.00%
1840 $2.07 -6.45%
1841 $2.07 0.00%
1842 $1.95 -5.75%
1843 $1.76 -9.76%
1844 $1.79 1.35%
1845 $1.81 1.33%
1846 $1.83 1.32%
1847 $1.95 6.49%
1848 $1.88 -3.66%
1849 $1.83 -2.53%
1850 $1.86 1.30%
1851 $1.83 -1.28%
1852 $1.83 0.00%
1853 $1.83 0.00%
1854 $2.00 9.09%
1855 $2.07 3.57%
1856 $2.02 -2.30%
1857 $2.07 2.35%
1858 $1.95 -5.75%
1859 $1.98 1.22%
1860 $1.98 0.00%
1861 $2.10 6.02%
1862 $2.40 14.77%
1863 $3.00 24.75%
1864 $3.74 24.60%
1865 $3.88 3.82%
1866 $3.79 -2.45%
1867 $3.52 -6.92%
1868 $3.38 -4.05%
1869 $3.24 -4.23%
1870 $3.12 -3.68%
1871 $2.90 -6.87%
1872 $2.90 0.00%
1873 $2.86 -1.64%
1874 $2.71 -5.00%
1875 $2.62 -3.51%
1876 $2.55 -2.73%
1877 $2.50 -1.87%
1878 $2.38 -4.76%
1879 $2.38 0.00%
1880 $2.43 2.00%
1881 $2.43 0.00%
1882 $2.43 0.00%
1883 $2.40 -0.98%
1884 $2.33 -2.97%
1885 $2.31 -1.02%
1886 $2.24 -3.09%
1887 $2.26 1.06%
1888 $2.26 0.00%
1889 $2.19 -3.16%
1890 $2.17 -1.09%
1891 $2.17 0.00%
1892 $2.17 0.00%
1893 $2.14 -1.10%
1894 $2.05 -4.44%
1895 $2.00 -2.33%
1896 $2.00 0.00%
1897 $1.98 -1.19%
1898 $1.98 0.00%
1899 $1.98 0.00%
1900 $2.00 1.20%
1901 $2.02 1.19%
1902 $2.05 1.18%
1903 $2.10 2.33%
1904 $2.12 1.14%
1905 $2.10 -1.12%
1906 $2.14 2.27%
1907 $2.24 4.44%
1908 $2.19 -2.13%
1909 $2.17 -1.09%
1910 $2.26 4.40%
1911 $2.26 0.00%
1912 $2.31 2.11%
1913 $2.36 2.06%
1914 $2.38 1.01%
1915 $2.40 1.00%
1916 $2.60 7.92%
1917 $3.05 17.43%
1918 $3.60 17.97%
1919 $4.12 14.57%
1920 $4.76 15.61%
1921 $4.26 -10.50%
1922 $4.00 -6.15%
1923 $4.07 1.79%
1924 $4.07 0.00%
1925 $4.17 2.34%
1926 $4.21 1.14%
1927 $4.14 -1.69%
1928 $4.07 -1.72%
1929 $4.07 0.00%
1930 $3.98 -2.34%
1931 $3.62 -8.98%
1932 $3.26 -9.87%
1933 $3.10 -5.11%
1934 $3.19 3.08%
1935 $3.26 2.24%
1936 $3.31 1.46%
1937 $3.43 3.60%
1938 $3.36 -2.08%
1939 $3.31 -1.42%
1940 $3.33 0.72%
1941 $3.50 5.00%
1942 $3.88 10.88%
1943 $4.12 6.13%
1944 $4.19 1.73%
1945 $4.29 2.27%
1946 $4.64 8.33%
1947 $5.31 14.36%
1948 $5.74 8.07%
1949 $5.67 -1.24%
1950 $5.74 1.26%
1951 $6.19 7.88%
1952 $6.31 1.92%
1953 $6.36 0.75%
1954 $6.40 0.75%
1955 $6.38 -0.37%
1956 $6.48 1.49%
1957 $6.69 3.31%
1958 $6.88 2.85%
1959 $6.93 0.69%
1960 $7.05 1.72%
1961 $7.12 1.01%
1962 $7.19 1.00%
1963 $7.29 1.32%
1964 $7.38 1.31%
1965 $7.50 1.61%
1966 $7.71 2.86%
1967 $7.95 3.09%
1968 $8.29 4.19%
1969 $8.74 5.46%
1970 $9.24 5.72%
1971 $9.64 4.38%
1972 $9.95 3.21%
1973 $10.57 6.22%
1974 $11.74 11.04%
1975 $12.81 9.13%
1976 $13.55 5.76%
1977 $14.43 6.50%
1978 $15.52 7.59%
1979 $17.29 11.35%
1980 $19.62 13.50%
1981 $21.64 10.32%
1982 $22.98 6.16%
1983 $23.71 3.21%
1984 $24.74 4.32%
1985 $25.62 3.56%
1986 $26.10 1.86%
1987 $27.05 3.65%
1988 $28.17 4.14%
1989 $29.52 4.82%
1990 $31.12 5.40%
1991 $32.43 4.21%
1992 $33.40 3.01%
1993 $34.40 2.99%
1994 $35.29 2.56%
1995 $36.29 2.83%
1996 $37.36 2.95%
1997 $38.21 2.29%
1998 $38.81 1.56%
1999 $39.67 2.21%
2000 $41.00 3.36%
2001 $42.17 2.85%
2002 $42.83 1.58%
2003 $43.81 2.28%
2004 $44.98 2.66%
2005 $46.50 3.39%
2006 $48.00 3.23%
2007 $49.37 2.85%
2008 $51.26 3.84%
2009 $51.08 -0.36%
2010 $51.92 1.64%
2011 $53.56 3.16%
2012 $54.67 2.07%
2013 $55.47 1.46%
2014 $56.37 1.62%
2015 $56.43 0.12%
2016 $57.14 1.26%
2017 $58.36 2.13%
2018 $59.79 2.44%
2019 $60.18 0.66%*
* 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 1705 and 1708.

Compare these values to the overall average of -5.01% per year:

Category Avg Inflation (%) Total Inflation (%) $1 in 1705 → 1708
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 1705. This table and visualization use the earliest available data for each category.



How to Calculate Inflation Rate for $1, 1705 to 1708

This inflation calculator uses the following inflation rate formula:

CPI in 1708CPI in 1705
×
1705 USD value
=
1708 USD value

Then plug in historical CPI values. The U.S. CPI was 4.2 in the year 1705 and 3.6 in 1708:

3.64.2
×
$1
=
$0.86

$1 in 1705 has the same "purchasing power" or "buying power" as $0.86 in 1708.

To get the total inflation rate for the 3 years between 1705 and 1708, we use the following formula:

CPI in 1708 - CPI in 1705CPI in 1705
×
100
=
Cumulative inflation rate (3 years)

Plugging in the values to this equation, we get:

3.6 - 4.24.2
×
100
=
-14%

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 1705 → 1708 | Inflation Calculator.” U.S. Official Inflation Data, Alioth Finance, 20 Mar. 2019, https://www.officialdata.org/1705-dollars-in-1708?amount=1.

Special thanks to QuickChart for providing downloadable chart images.

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


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