U.S. inflation rate in 1710: -8.89%

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Inflation in 1710 and Its Effect on Dollar Value

Purchasing power increased by 8.89% in 1710 compared to the previous year, 1709. On average, you would have to spend 8.89% less money in 1710 than in 1709 for the same item. This is an example of deflation.

In other words, $1 in 1709 is equivalent in purchasing power to $0.91 in 1710.

The 1709 inflation rate was 25.00%. The inflation rate in 1710 was -8.89%. The 1710 inflation rate is lower compared to the average inflation rate of 1.35% per year between 1710 and 2018.

Inflation rate is calculated by change in the consumer price index (CPI). The CPI in 1710 was 4.1. It was 4.5 in the previous year, 1709. The difference in CPI between the years is used by the Bureau of Labor Statistics to officially determine inflation. Because the 1710 CPI is less than 1709 CPI, negative inflation (also known as deflation) has occurred.


Inflation from 1709 to 1710
Average inflation rate -8.89%
Converted amount ($1 base) $0.91
Price difference ($1 base) $-0.09
CPI in 1709 4.500
CPI in 1710 4.100
Inflation in 1709 25.00%
Inflation in 1710 -8.89%


U.S. inflation chart since 1665


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 1709 and 1710.

Compare these values to the overall average of -8.89% per year:

Category Avg Inflation (%) Total Inflation (%) $1 in 1709 → 1710
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 1709. This table and visualization use the earliest available data for each category.



How to Calculate Inflation Rate for $1, 1709 to 1710

This inflation calculator uses the following inflation rate formula:

CPI in 1710CPI in 1709
×
1709 USD value
=
1710 USD value

Then plug in historical CPI values. The U.S. CPI was 4.5 in the year 1709 and 4.1 in 1710:

4.14.5
×
$1
=
$0.91

$1 in 1709 has the same "purchasing power" or "buying power" as $0.91 in 1710.

To get the total inflation rate for the 1 years between 1709 and 1710, we use the following formula:

CPI in 1710 - CPI in 1709CPI in 1709
×
100
=
Cumulative inflation rate (1 years)

Plugging in the values to this equation, we get:

4.1 - 4.54.5
×
100
=
-9%

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: “Inflation Rate in 1710 | Inflation Calculator.” U.S. Official Inflation Data, Alioth Finance, 17 Dec. 2018, https://www.officialdata.org/inflation-rate-in-1710.

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


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