According to the Bureau of Labor Statistics consumer price index, prices in 1734 are 5% lower than average prices throughout 1735. The dollar experienced an average inflation rate of 5.26% per year during this period.
In other words, $1 in 1735 is equivalent in purchasing power to $0.95 in 1734.
The 1734 inflation rate was -2.56%. The inflation rate in 1735 was 5.26%. The 1735 inflation rate is higher compared to the average inflation rate of 1.47% per year between 1735 and 2019.
|Average inflation rate||5.26%|
|Converted amount ($1 base)||$0.95|
|Price difference ($1 base)||$-0.05|
|CPI in 1735||4.000|
|CPI in 1734||3.800|
|Inflation in 1734||-2.56%|
|Inflation in 1735||5.26%|
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 1735 and 1734.
Compare these values to the overall average of 5.26% per year:
|Category||Avg Inflation (%)||Total Inflation (%)||$1 in 1734 → 1735|
|Used cars and trucks||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 1735. This table and visualization use the earliest available data for each category.
This inflation calculator uses the following inflation rate formula:
Then plug in historical CPI values. The U.S. CPI was 4 in the year 1735 and 3.8 in 1734:
$1 in 1735 has the same "purchasing power" or "buying power" as $0.95 in 1734.
To get the total inflation rate for the 1 years between 1734 and 1735, we use the following formula:
Plugging in the values to this equation, we get:
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: “$1 in 1735 → 1734 | Inflation Calculator.” U.S. Official Inflation Data, Alioth Finance, 21 Mar. 2019, https://www.officialdata.org/1735-dollars-in-1734?amount=1.
Special thanks to QuickChart for providing downloadable chart images.
in2013dollars.com is a reference website maintained by the Official Data Foundation.