U.S. inflation rate in 1747: 10.42%

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Inflation in 1747 and Its Effect on Dollar Value

Purchasing power decreased by 10.42% in 1747 compared to the previous year, 1746. On average, you would have to spend 10.42% more money in 1747 than in 1746 for the same item.

In other words, $100 in 1746 is equivalent in purchasing power to $110.42 in 1747.

The 1746 inflation rate was 4.35%. The inflation rate in 1747 was 10.42%. The 1747 inflation rate is higher compared to the average inflation rate of 1.44% per year between 1747 and 2018.

Inflation rate is calculated by change in the consumer price index (CPI). The CPI in 1747 was 5.3. It was 4.8 in the previous year, 1746. The difference in CPI between the years is used by the Bureau of Labor Statistics to officially determine inflation.


Inflation from 1746 to 1747
Average inflation rate 10.42%
Converted amount ($100 base) $110.42
Price difference ($100 base) $10.42
CPI in 1746 4.8
CPI in 1747 5.3
Inflation in 1746 4.35%
Inflation in 1747 10.42%


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 1746 and 1747.

Compare these values to the overall average of 10.416666666666675% per year:

Category Avg Inflation (%) Total Inflation (%) $100 in 1746 → 1747
Food 0.00 0.00 100.00
Shelter 0.00 0.00 100.00
Energy 0.00 0.00 100.00
Apparel 0.00 0.00 100.00
New vehicles 0.00 0.00 100.00
Used cars and trucks 0.00 0.00 100.00
Transportation services 0.00 0.00 100.00
Medical care services 0.00 0.00 100.00
Medical care commodities 0.00 0.00 100.00

It's important to note that not all categories may be tracked since 1746. This table and visualization use the earliest available data for each category.



How to Calculate Inflation Rate for $100, 1746 to 1747

This inflation calculator uses the following inflation rate formula:

CPI in 1747CPI in 1746
×
1746 USD value
=
1747 USD value

Then plug in historical CPI values. The U.S. CPI was 4.8 in the year 1746 and 5.3 in 1747:

5.34.8
×
$100
=
$110.42

$100 in 1746 has the same "purchasing power" or "buying power" as $110.42 in 1747.

To get the total inflation rate for the 1 years between 1746 and 1747, we use the following formula:

CPI in 1747 - CPI in 1746CPI in 1746
×
100
=
Cumulative inflation rate (1 years)

Plugging in the values to this equation, we get:

5.3 - 4.84.8
×
100
=
10%

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 1747 | Inflation Calculator.” U.S. Official Inflation Data, Alioth Finance, 20 Aug. 2018, https://www.officialdata.org/inflation-rate-in-1747.

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


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