$1 in 1790 → $0.96 in 1789

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$1 in 1790 → $0.96 in 1789

U.S. Inflation Rate, $1 in 1790 to 1789

According to the Bureau of Labor Statistics consumer price index, prices in 1789 are 4.35% lower than average prices throughout 1790. The dollar experienced an average inflation rate of 4.55% per year during this period, meaning the real value of a dollar decreased.

In other words, $1 in 1790 is equivalent in purchasing power to about $0.96 in 1789.

The 1789 inflation rate was -1.12%. The inflation rate in 1790 was 4.55%. The 1790 inflation rate is higher compared to the average inflation rate of 1.46% per year between 1790 and 2019.


Inflation from 1790 to 1789
Average inflation rate 4.55%
Converted amount ($1 base) $0.96
Price difference ($1 base) $-0.04
CPI in 1790 9.200
CPI in 1789 8.800
Inflation in 1789 -1.12%
Inflation in 1790 4.55%

U.S. inflation chart since 1665


Inflation by Country

Inflation can also vary widely by country. For comparison, in the UK £1.00 in 1790 would be equivalent to £0.99 in 1789, an absolute change of £-0.01 and a cumulative change of -1.33%.

Compare these numbers to the US's overall absolute change of $-0.04 and total percent change of -4.35%.


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 1790 and 1789.

Compare these values to the overall average of 4.55% per year:

Category Avg Inflation (%) Total Inflation (%) $1 in 1789 → 1790
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

For all these visualizations, it's important to note that not all categories may have been tracked since 1790. This table and charts use the earliest available data for each category.



How to Calculate Inflation Rate for $1, 1789 to 1790

This inflation calculator uses the following inflation rate formula:

CPI in 1789CPI in 1790
×
1790 USD value
=
1789 USD value

Then plug in historical CPI values. The U.S. CPI was 9.2 in the year 1790 and 8.8 in 1789:

8.89.2
×
$1
=
$0.96

$1 in 1790 has the same "purchasing power" or "buying power" as $0.96 in 1789.

To get the total inflation rate for the 1 years between 1789 and 1790, we use the following formula:

CPI in 1789 - CPI in 1790CPI in 1790
×
100
=
Cumulative inflation rate (1 years)

Plugging in the values to this equation, we get:

8.8 - 9.29.2
×
100
=
-4%

News headlines from 1789

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

  • George Washington, delivers his first State of the Union address as president.
  • The Swedish navy capture a third of the Russian fleet in the Second Battle of Svensksund.
  • Columbia Rediviva, returns to Boston, having become the first American ship to circumnavigate the world.
  • Turkish fortress of Izmail, thought to be impenetrable, is captured by the Russians under the command of Suvorov.

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 1790 → 1789 | Inflation Calculator.” U.S. Official Inflation Data, Alioth Finance, 13 Nov. 2019, https://www.officialdata.org/1790-dollars-in-1789?amount=1.

Special thanks to QuickChart for providing downloadable chart images.

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


About the author

Ian Webster is an engineer and data expert based in San Mateo, California. He has worked for Google, NASA, and consulted for governments around the world on data pipelines and data analysis. Disappointed by the lack of clear resources on the impacts of inflation on economic indicators, Ian believes this website serves as a valuable public tool. Ian earned his degree in Computer Science from Dartmouth College.

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» Read more about inflation and investment.

Inflation from 1790 to 1789
Average inflation rate 4.55%
Converted amount ($1 base) $0.96
Price difference ($1 base) $-0.04
CPI in 1790 9.200
CPI in 1789 8.800
Inflation in 1789 -1.12%
Inflation in 1790 4.55%