\$

# \$1 in 1700 → \$0.93 in 1698

### U.S. Inflation Rate, \$1 in 1700 to 1698

According to the Bureau of Labor Statistics consumer price index, prices in 1698 are 7.32% lower than average prices since 1700. The U.S. dollar experienced an average inflation rate of 3.87% per year during this period, meaning the real value of a dollar decreased.

In other words, \$1 in 1700 is equivalent in purchasing power to about \$0.93 in 1698, a difference of \$-0.07 over 2 years.

The 1698 inflation rate was -5.00%. The inflation rate in 1700 was -2.38%. The 1700 inflation rate is lower compared to the average inflation rate of 1.30% per year between 1700 and 2020.

 Cumulative price change -7.32% Average inflation rate 3.87% Converted amount (\$1 base) \$0.93 Price difference (\$1 base) \$-0.07 CPI in 1700 4.100 CPI in 1698 3.800 Inflation in 1698 -5.00% Inflation in 1700 -2.38%

USD Inflation since 1635
Annual Rate, the Bureau of Labor Statistics CPI

### Buying power of \$1 in 1698

This chart shows a calculation of buying power equivalence for \$1 in 1698 (price index tracking began in 1635).

For example, if you started with \$1, you would need to end with \$0.93 in order to "adjust" for inflation (sometimes refered to as "beating inflation").

When \$1 is equivalent to \$0.93 over time, that means that the "real value" of a single U.S. dollar decreases over time. In other words, a dollar will pay for fewer items at the store.

This effect explains how inflation erodes the value of a dollar over time. By calculating the value in 1698 dollars, the chart below shows how \$1 buys less over the past 2 years.

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 Dollar Value Inflation Rate
1698 \$1.00 -5.00%
1699 \$1.11 10.53%
1700 \$1.08 -2.38%
1701 \$1.13 4.88%
1702 \$1.03 -9.30%
1703 \$1.03 0.00%
1704 \$1.21 17.95%
1705 \$1.11 -8.70%
1706 \$1.18 7.14%
1707 \$1.13 -4.44%
1708 \$0.95 -16.28%
1709 \$1.18 25.00%
1710 \$1.08 -8.89%
1711 \$1.05 -2.44%
1712 \$1.00 -5.00%
1713 \$1.08 7.89%
1714 \$0.97 -9.76%
1715 \$1.16 18.92%
1716 \$1.08 -6.82%
1717 \$1.18 9.76%
1718 \$1.08 -8.89%
1719 \$1.18 9.76%
1720 \$1.11 -6.67%
1721 \$1.05 -4.76%
1722 \$1.08 2.50%
1723 \$1.11 2.44%
1724 \$1.13 2.38%
1725 \$1.32 16.28%
1726 \$1.24 -6.00%
1727 \$1.32 6.38%
1728 \$1.21 -8.00%
1729 \$1.21 0.00%
1730 \$1.21 0.00%
1731 \$1.11 -8.70%
1732 \$1.00 -9.52%
1733 \$1.03 2.63%
1734 \$1.00 -2.56%
1735 \$1.05 5.26%
1736 \$1.00 -5.00%
1737 \$1.05 5.26%
1738 \$1.08 2.50%
1739 \$0.97 -9.76%
1740 \$1.03 5.41%
1741 \$1.71 66.67%
1742 \$1.53 -10.77%
1743 \$1.37 -10.34%
1744 \$1.26 -7.69%
1745 \$1.21 -4.17%
1746 \$1.26 4.35%
1747 \$1.39 10.42%
1748 \$1.66 18.87%
1749 \$1.68 1.59%
1750 \$1.68 0.00%
1751 \$1.68 0.00%
1752 \$1.74 3.12%
1753 \$1.68 -3.03%
1754 \$1.61 -4.69%
1755 \$1.58 -1.64%
1756 \$1.53 -3.33%
1757 \$1.63 6.90%
1758 \$1.76 8.06%
1759 \$2.08 17.91%
1760 \$2.00 -3.80%
1761 \$1.82 -9.21%
1762 \$1.97 8.70%
1763 \$1.97 0.00%
1764 \$1.84 -6.67%
1765 \$1.89 2.86%
1766 \$2.03 6.94%
1767 \$2.00 -1.30%
1768 \$1.89 -5.26%
1769 \$2.00 5.56%
1770 \$2.16 7.89%
1771 \$2.05 -4.88%
1772 \$2.39 16.67%
1773 \$2.26 -5.49%
1774 \$2.13 -5.81%
1775 \$2.03 -4.94%
1776 \$2.29 12.99%
1777 \$2.79 21.84%
1778 \$3.63 30.19%
1779 \$3.21 -11.59%
1780 \$3.61 12.30%
1781 \$2.92 -18.98%
1782 \$3.18 9.01%
1783 \$2.79 -12.40%
1784 \$2.68 -3.77%
1785 \$2.55 -4.90%
1786 \$2.50 -2.06%
1787 \$2.45 -2.11%
1788 \$2.34 -4.30%
1789 \$2.32 -1.12%
1790 \$2.42 4.55%
1791 \$2.47 2.17%
1792 \$2.53 2.13%
1793 \$2.61 3.13%
1794 \$2.89 11.11%
1795 \$3.32 14.55%
1796 \$3.47 4.76%
1797 \$3.34 -3.79%
1798 \$3.24 -3.15%
1799 \$3.24 0.00%
1800 \$3.32 2.44%
1801 \$3.34 0.79%
1802 \$2.82 -15.75%
1803 \$2.97 5.61%
1804 \$3.11 4.42%
1805 \$3.08 -0.85%
1806 \$3.21 4.27%
1807 \$3.05 -4.92%
1808 \$3.32 8.62%
1809 \$3.24 -2.38%
1810 \$3.24 0.00%
1811 \$3.45 6.50%
1812 \$3.50 1.53%
1813 \$4.21 20.30%
1814 \$4.63 10.00%
1815 \$4.05 -12.50%
1816 \$3.71 -8.44%
1817 \$3.50 -5.67%
1818 \$3.34 -4.51%
1819 \$3.34 0.00%
1820 \$3.08 -7.87%
1821 \$2.97 -3.42%
1822 \$3.08 3.54%
1823 \$2.76 -10.26%
1824 \$2.55 -7.62%
1825 \$2.61 2.06%
1826 \$2.61 0.00%
1827 \$2.63 1.01%
1828 \$2.50 -5.00%
1829 \$2.45 -2.11%
1830 \$2.42 -1.08%
1831 \$2.29 -5.43%
1832 \$2.26 -1.15%
1833 \$2.21 -2.33%
1834 \$2.26 2.38%
1835 \$2.32 2.33%
1836 \$2.45 5.68%
1837 \$2.53 3.23%
1838 \$2.45 -3.12%
1839 \$2.45 0.00%
1840 \$2.29 -6.45%
1841 \$2.29 0.00%
1842 \$2.16 -5.75%
1843 \$1.95 -9.76%
1844 \$1.97 1.35%
1845 \$2.00 1.33%
1846 \$2.03 1.32%
1847 \$2.16 6.49%
1848 \$2.08 -3.66%
1849 \$2.03 -2.53%
1850 \$2.05 1.30%
1851 \$2.03 -1.28%
1852 \$2.03 0.00%
1853 \$2.03 0.00%
1854 \$2.21 9.09%
1855 \$2.29 3.57%
1856 \$2.24 -2.30%
1857 \$2.29 2.35%
1858 \$2.16 -5.75%
1859 \$2.18 1.22%
1860 \$2.18 0.00%
1861 \$2.32 6.02%
1862 \$2.66 14.77%
1863 \$3.32 24.75%
1864 \$4.13 24.60%
1865 \$4.29 3.82%
1866 \$4.18 -2.45%
1867 \$3.89 -6.92%
1868 \$3.74 -4.05%
1869 \$3.58 -4.23%
1870 \$3.45 -3.68%
1871 \$3.21 -6.87%
1872 \$3.21 0.00%
1873 \$3.16 -1.64%
1874 \$3.00 -5.00%
1875 \$2.89 -3.51%
1876 \$2.82 -2.73%
1877 \$2.76 -1.87%
1878 \$2.63 -4.76%
1879 \$2.63 0.00%
1880 \$2.68 2.00%
1881 \$2.68 0.00%
1882 \$2.68 0.00%
1883 \$2.66 -0.98%
1884 \$2.58 -2.97%
1885 \$2.55 -1.02%
1886 \$2.47 -3.09%
1887 \$2.50 1.06%
1888 \$2.50 0.00%
1889 \$2.42 -3.16%
1890 \$2.39 -1.09%
1891 \$2.39 0.00%
1892 \$2.39 0.00%
1893 \$2.37 -1.10%
1894 \$2.26 -4.44%
1895 \$2.21 -2.33%
1896 \$2.21 0.00%
1897 \$2.18 -1.19%
1898 \$2.18 0.00%
1899 \$2.18 0.00%
1900 \$2.21 1.20%
1901 \$2.24 1.19%
1902 \$2.26 1.18%
1903 \$2.32 2.33%
1904 \$2.34 1.14%
1905 \$2.32 -1.12%
1906 \$2.37 2.27%
1907 \$2.47 4.44%
1908 \$2.42 -2.13%
1909 \$2.39 -1.09%
1910 \$2.50 4.40%
1911 \$2.50 0.00%
1912 \$2.55 2.11%
1913 \$2.61 2.06%
1914 \$2.63 1.01%
1915 \$2.66 1.00%
1916 \$2.87 7.92%
1917 \$3.37 17.43%
1918 \$3.97 17.97%
1919 \$4.55 14.57%
1920 \$5.26 15.61%
1921 \$4.71 -10.50%
1922 \$4.42 -6.15%
1923 \$4.50 1.79%
1924 \$4.50 0.00%
1925 \$4.61 2.34%
1926 \$4.66 1.14%
1927 \$4.58 -1.69%
1928 \$4.50 -1.72%
1929 \$4.50 0.00%
1930 \$4.39 -2.34%
1931 \$4.00 -8.98%
1932 \$3.61 -9.87%
1933 \$3.42 -5.11%
1934 \$3.53 3.08%
1935 \$3.61 2.24%
1936 \$3.66 1.46%
1937 \$3.79 3.60%
1938 \$3.71 -2.08%
1939 \$3.66 -1.42%
1940 \$3.68 0.72%
1941 \$3.87 5.00%
1942 \$4.29 10.88%
1943 \$4.55 6.13%
1944 \$4.63 1.73%
1945 \$4.74 2.27%
1946 \$5.13 8.33%
1947 \$5.87 14.36%
1948 \$6.34 8.07%
1949 \$6.26 -1.24%
1950 \$6.34 1.26%
1951 \$6.84 7.88%
1952 \$6.97 1.92%
1953 \$7.03 0.75%
1954 \$7.08 0.75%
1955 \$7.05 -0.37%
1956 \$7.16 1.49%
1957 \$7.39 3.31%
1958 \$7.61 2.85%
1959 \$7.66 0.69%
1960 \$7.79 1.72%
1961 \$7.87 1.01%
1962 \$7.95 1.00%
1963 \$8.05 1.32%
1964 \$8.16 1.31%
1965 \$8.29 1.61%
1966 \$8.53 2.86%
1967 \$8.79 3.09%
1968 \$9.16 4.19%
1969 \$9.66 5.46%
1970 \$10.21 5.72%
1971 \$10.66 4.38%
1972 \$11.00 3.21%
1973 \$11.68 6.22%
1974 \$12.97 11.04%
1975 \$14.16 9.13%
1976 \$14.97 5.76%
1977 \$15.95 6.50%
1978 \$17.16 7.59%
1979 \$19.11 11.35%
1980 \$21.68 13.50%
1981 \$23.92 10.32%
1982 \$25.39 6.16%
1983 \$26.21 3.21%
1984 \$27.34 4.32%
1985 \$28.32 3.56%
1986 \$28.84 1.86%
1987 \$29.89 3.65%
1988 \$31.13 4.14%
1989 \$32.63 4.82%
1990 \$34.39 5.40%
1991 \$35.84 4.21%
1992 \$36.92 3.01%
1993 \$38.03 2.99%
1994 \$39.00 2.56%
1995 \$40.11 2.83%
1996 \$41.29 2.95%
1997 \$42.24 2.29%
1998 \$42.89 1.56%
1999 \$43.84 2.21%
2000 \$45.32 3.36%
2001 \$46.61 2.85%
2002 \$47.34 1.58%
2003 \$48.42 2.28%
2004 \$49.71 2.66%
2005 \$51.39 3.39%
2006 \$53.05 3.23%
2007 \$54.56 2.85%
2008 \$56.66 3.84%
2009 \$56.46 -0.36%
2010 \$57.38 1.64%
2011 \$59.19 3.16%
2012 \$60.42 2.07%
2013 \$61.30 1.46%
2014 \$62.30 1.62%
2015 \$62.37 0.12%
2016 \$63.16 1.26%
2017 \$64.51 2.13%
2018 \$66.11 2.49%
2019 \$67.28 1.76%
2020 \$67.62 0.51%*
* 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 1700 and 1698.

Compare these values to the overall average of 3.87% per year:

Category Avg Inflation (%) Total Inflation (%) \$1 in 1698 → 1700
Food and beverages 0.00 0.00 1.00
Housing 0.00 0.00 1.00
Apparel 0.00 0.00 1.00
Transportation 0.00 0.00 1.00
Medical care 0.00 0.00 1.00
Recreation 0.00 0.00 1.00
Education and communication 0.00 0.00 1.00
Other goods and services 0.00 0.00 1.00

The graph below compares inflation in categories of goods over time. Click on a category such as "Food" to toggle it on or off:

For all these visualizations, it's important to note that not all categories may have been tracked since 1700. This table and charts use the earliest available data for each category.

### How to Calculate Inflation Rate for \$1, 1698 to 1700

This inflation calculator uses the following inflation rate formula:

CPI in 1698CPI in 1700
×
1700 USD value
=
1698 USD value

Then plug in historical CPI values. The U.S. CPI was 4.1 in the year 1700 and 3.8 in 1698:

3.84.1
×
\$1
=
\$0.93

\$1 in 1700 has the same "purchasing power" or "buying power" as \$0.93 in 1698.

To get the total inflation rate for the 2 years between 1698 and 1700, we use the following formula:

CPI in 1698 - CPI in 1700CPI in 1700
×
100
=
Cumulative inflation rate (2 years)

Plugging in the values to this equation, we get:

3.8 - 4.14.1
×
100
=
-7%

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

• Russia, Denmark-Norway and Saxony declare war against the Swedish Empire, the conflict is later known as the Great Northern War.
• Denmark stops using the Julian calendar.
• The Pacific Island of New Britain is discovered.

### 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 1700 → 1698 | Inflation Calculator.” Official Inflation Data, Alioth Finance, 18 Jan. 2020, https://www.officialdata.org/1700-dollars-in-1698?amount=1.