$1 in 1700 is worth $1.12 in 1704

Value of $1 from 1700 to 1704

According to the Bureau of Labor Statistics consumer price index, prices in 1704 are 12.20% higher than average prices since 1700. The U.S. dollar experienced an average inflation rate of 2.92% per year during this period, causing the real value of a dollar to decrease.

In other words, $1 in 1700 is equivalent in purchasing power to about $1.12 in 1704, a difference of $0.12 over 4 years.

The 1700 inflation rate was -2.38%. The inflation rate in 1704 was 17.95%. The 1704 inflation rate is higher compared to the average inflation rate of 1.28% per year between 1704 and 2020.


Inflation from 1700 to 1704
Cumulative price change 12.20%
Average inflation rate 2.92%
Converted amount ($1 base) $1.12
Price difference ($1 base) $0.12
CPI in 1700 4.100
CPI in 1704 4.600
Inflation in 1700 -2.38%
Inflation in 1704 17.95%

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

Buying power of $1 in 1700

This chart shows a calculation of buying power equivalence for $1 in 1700 (price index tracking began in 1635).

For example, if you started with $1, you would need to end with $1.12 in order to "adjust" for inflation (sometimes refered to as "beating inflation").

When $1 is equivalent to $1.12 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 1700 dollars, the chart below shows how $1 is worth less over 4 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:

Dollar inflation: 1700-1704
Year Dollar Value Inflation Rate
1700 $1.00 -2.38%
1701 $1.05 4.88%
1702 $0.95 -9.30%
1703 $0.95 0.00%
1704 $1.12 17.95%
1705 $1.02 -8.70%
1706 $1.10 7.14%
1707 $1.05 -4.44%
1708 $0.88 -16.28%
1709 $1.10 25.00%
1710 $1.00 -8.89%
1711 $0.98 -2.44%
1712 $0.93 -5.00%
1713 $1.00 7.89%
1714 $0.90 -9.76%
1715 $1.07 18.92%
1716 $1.00 -6.82%
1717 $1.10 9.76%
1718 $1.00 -8.89%
1719 $1.10 9.76%
1720 $1.02 -6.67%
1721 $0.98 -4.76%
1722 $1.00 2.50%
1723 $1.02 2.44%
1724 $1.05 2.38%
1725 $1.22 16.28%
1726 $1.15 -6.00%
1727 $1.22 6.38%
1728 $1.12 -8.00%
1729 $1.12 0.00%
1730 $1.12 0.00%
1731 $1.02 -8.70%
1732 $0.93 -9.52%
1733 $0.95 2.63%
1734 $0.93 -2.56%
1735 $0.98 5.26%
1736 $0.93 -5.00%
1737 $0.98 5.26%
1738 $1.00 2.50%
1739 $0.90 -9.76%
1740 $0.95 5.41%
1741 $1.59 66.67%
1742 $1.41 -10.77%
1743 $1.27 -10.34%
1744 $1.17 -7.69%
1745 $1.12 -4.17%
1746 $1.17 4.35%
1747 $1.29 10.42%
1748 $1.54 18.87%
1749 $1.56 1.59%
1750 $1.56 0.00%
1751 $1.56 0.00%
1752 $1.61 3.12%
1753 $1.56 -3.03%
1754 $1.49 -4.69%
1755 $1.46 -1.64%
1756 $1.41 -3.33%
1757 $1.51 6.90%
1758 $1.63 8.06%
1759 $1.93 17.91%
1760 $1.85 -3.80%
1761 $1.68 -9.21%
1762 $1.83 8.70%
1763 $1.83 0.00%
1764 $1.71 -6.67%
1765 $1.76 2.86%
1766 $1.88 6.94%
1767 $1.85 -1.30%
1768 $1.76 -5.26%
1769 $1.85 5.56%
1770 $2.00 7.89%
1771 $1.90 -4.88%
1772 $2.22 16.67%
1773 $2.10 -5.49%
1774 $1.98 -5.81%
1775 $1.88 -4.94%
1776 $2.12 12.99%
1777 $2.59 21.84%
1778 $3.37 30.19%
1779 $2.98 -11.59%
1780 $3.34 12.30%
1781 $2.71 -18.98%
1782 $2.95 9.01%
1783 $2.59 -12.40%
1784 $2.49 -3.77%
1785 $2.37 -4.90%
1786 $2.32 -2.06%
1787 $2.27 -2.11%
1788 $2.17 -4.30%
1789 $2.15 -1.12%
1790 $2.24 4.55%
1791 $2.29 2.17%
1792 $2.34 2.13%
1793 $2.41 3.13%
1794 $2.68 11.11%
1795 $3.07 14.55%
1796 $3.22 4.76%
1797 $3.10 -3.79%
1798 $3.00 -3.15%
1799 $3.00 0.00%
1800 $3.07 2.44%
1801 $3.10 0.79%
1802 $2.61 -15.75%
1803 $2.76 5.61%
1804 $2.88 4.42%
1805 $2.85 -0.85%
1806 $2.98 4.27%
1807 $2.83 -4.92%
1808 $3.07 8.62%
1809 $3.00 -2.38%
1810 $3.00 0.00%
1811 $3.20 6.50%
1812 $3.24 1.53%
1813 $3.90 20.30%
1814 $4.29 10.00%
1815 $3.76 -12.50%
1816 $3.44 -8.44%
1817 $3.24 -5.67%
1818 $3.10 -4.51%
1819 $3.10 0.00%
1820 $2.85 -7.87%
1821 $2.76 -3.42%
1822 $2.85 3.54%
1823 $2.56 -10.26%
1824 $2.37 -7.62%
1825 $2.41 2.06%
1826 $2.41 0.00%
1827 $2.44 1.01%
1828 $2.32 -5.00%
1829 $2.27 -2.11%
1830 $2.24 -1.08%
1831 $2.12 -5.43%
1832 $2.10 -1.15%
1833 $2.05 -2.33%
1834 $2.10 2.38%
1835 $2.15 2.33%
1836 $2.27 5.68%
1837 $2.34 3.23%
1838 $2.27 -3.12%
1839 $2.27 0.00%
1840 $2.12 -6.45%
1841 $2.12 0.00%
1842 $2.00 -5.75%
1843 $1.80 -9.76%
1844 $1.83 1.35%
1845 $1.85 1.33%
1846 $1.88 1.32%
1847 $2.00 6.49%
1848 $1.93 -3.66%
1849 $1.88 -2.53%
1850 $1.90 1.30%
1851 $1.88 -1.28%
1852 $1.88 0.00%
1853 $1.88 0.00%
1854 $2.05 9.09%
1855 $2.12 3.57%
1856 $2.07 -2.30%
1857 $2.12 2.35%
1858 $2.00 -5.75%
1859 $2.02 1.22%
1860 $2.02 0.00%
1861 $2.15 6.02%
1862 $2.46 14.77%
1863 $3.07 24.75%
1864 $3.83 24.60%
1865 $3.98 3.82%
1866 $3.88 -2.45%
1867 $3.61 -6.92%
1868 $3.46 -4.05%
1869 $3.32 -4.23%
1870 $3.20 -3.68%
1871 $2.98 -6.87%
1872 $2.98 0.00%
1873 $2.93 -1.64%
1874 $2.78 -5.00%
1875 $2.68 -3.51%
1876 $2.61 -2.73%
1877 $2.56 -1.87%
1878 $2.44 -4.76%
1879 $2.44 0.00%
1880 $2.49 2.00%
1881 $2.49 0.00%
1882 $2.49 0.00%
1883 $2.46 -0.98%
1884 $2.39 -2.97%
1885 $2.37 -1.02%
1886 $2.29 -3.09%
1887 $2.32 1.06%
1888 $2.32 0.00%
1889 $2.24 -3.16%
1890 $2.22 -1.09%
1891 $2.22 0.00%
1892 $2.22 0.00%
1893 $2.20 -1.10%
1894 $2.10 -4.44%
1895 $2.05 -2.33%
1896 $2.05 0.00%
1897 $2.02 -1.19%
1898 $2.02 0.00%
1899 $2.02 0.00%
1900 $2.05 1.20%
1901 $2.07 1.19%
1902 $2.10 1.18%
1903 $2.15 2.33%
1904 $2.17 1.14%
1905 $2.15 -1.12%
1906 $2.20 2.27%
1907 $2.29 4.44%
1908 $2.24 -2.13%
1909 $2.22 -1.09%
1910 $2.32 4.40%
1911 $2.32 0.00%
1912 $2.37 2.11%
1913 $2.41 2.06%
1914 $2.44 1.01%
1915 $2.46 1.00%
1916 $2.66 7.92%
1917 $3.12 17.43%
1918 $3.68 17.97%
1919 $4.22 14.57%
1920 $4.88 15.61%
1921 $4.37 -10.50%
1922 $4.10 -6.15%
1923 $4.17 1.79%
1924 $4.17 0.00%
1925 $4.27 2.34%
1926 $4.32 1.14%
1927 $4.24 -1.69%
1928 $4.17 -1.72%
1929 $4.17 0.00%
1930 $4.07 -2.34%
1931 $3.71 -8.98%
1932 $3.34 -9.87%
1933 $3.17 -5.11%
1934 $3.27 3.08%
1935 $3.34 2.24%
1936 $3.39 1.46%
1937 $3.51 3.60%
1938 $3.44 -2.08%
1939 $3.39 -1.42%
1940 $3.41 0.72%
1941 $3.59 5.00%
1942 $3.98 10.88%
1943 $4.22 6.13%
1944 $4.29 1.73%
1945 $4.39 2.27%
1946 $4.76 8.33%
1947 $5.44 14.36%
1948 $5.88 8.07%
1949 $5.80 -1.24%
1950 $5.88 1.26%
1951 $6.34 7.88%
1952 $6.46 1.92%
1953 $6.51 0.75%
1954 $6.56 0.75%
1955 $6.54 -0.37%
1956 $6.63 1.49%
1957 $6.85 3.31%
1958 $7.05 2.85%
1959 $7.10 0.69%
1960 $7.22 1.72%
1961 $7.29 1.01%
1962 $7.37 1.00%
1963 $7.46 1.32%
1964 $7.56 1.31%
1965 $7.68 1.61%
1966 $7.90 2.86%
1967 $8.15 3.09%
1968 $8.49 4.19%
1969 $8.95 5.46%
1970 $9.46 5.72%
1971 $9.88 4.38%
1972 $10.20 3.21%
1973 $10.83 6.22%
1974 $12.02 11.04%
1975 $13.12 9.13%
1976 $13.88 5.76%
1977 $14.78 6.50%
1978 $15.90 7.59%
1979 $17.71 11.35%
1980 $20.10 13.50%
1981 $22.17 10.32%
1982 $23.54 6.16%
1983 $24.29 3.21%
1984 $25.34 4.32%
1985 $26.24 3.56%
1986 $26.73 1.86%
1987 $27.71 3.65%
1988 $28.85 4.14%
1989 $30.24 4.82%
1990 $31.88 5.40%
1991 $33.22 4.21%
1992 $34.22 3.01%
1993 $35.24 2.99%
1994 $36.15 2.56%
1995 $37.17 2.83%
1996 $38.27 2.95%
1997 $39.15 2.29%
1998 $39.76 1.56%
1999 $40.63 2.21%
2000 $42.00 3.36%
2001 $43.20 2.85%
2002 $43.88 1.58%
2003 $44.88 2.28%
2004 $46.07 2.66%
2005 $47.63 3.39%
2006 $49.17 3.23%
2007 $50.57 2.85%
2008 $52.51 3.84%
2009 $52.33 -0.36%
2010 $53.18 1.64%
2011 $54.86 3.16%
2012 $56.00 2.07%
2013 $56.82 1.46%
2014 $57.74 1.62%
2015 $57.81 0.12%
2016 $58.54 1.26%
2017 $59.79 2.13%
2018 $61.28 2.49%
2019 $62.36 1.76%
2020 $62.53 0.29%*
* Compared to previous annual rate. Not final. See inflation summary for latest 12-month trailing value.

This conversion table shows various other 1700 amounts in 1704 dollars, based on the 12.20% change in prices:

Conversion Table: Value of a dollar in 1704
Initial value Equivalent value
$1 dollar in 1700 $1.12 dollars in 1704
$5 dollars in 1700 $5.61 dollars in 1704
$10 dollars in 1700 $11.22 dollars in 1704
$50 dollars in 1700 $56.10 dollars in 1704
$100 dollars in 1700 $112.20 dollars in 1704
$500 dollars in 1700 $560.98 dollars in 1704
$1,000 dollars in 1700 $1,121.95 dollars in 1704
$5,000 dollars in 1700 $5,609.76 dollars in 1704
$10,000 dollars in 1700 $11,219.51 dollars in 1704
$50,000 dollars in 1700 $56,097.56 dollars in 1704
$100,000 dollars in 1700 $112,195.12 dollars in 1704
$500,000 dollars in 1700 $560,975.61 dollars in 1704
$1,000,000 dollars in 1700 $1,121,951.22 dollars in 1704

Inflation by Spending Category

CPI is the weighted combination of many categories of spending that are tracked by the government. Breaking down these categories helps explain the main drivers behind price changes. This chart shows the average rate of inflation for select CPI categories between 1700 and 1704.

Compare these values to the overall average of 2.92% per year:

Category Avg Inflation (%) Total Inflation (%) $1 in 1700 → 1704
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, 1700 to 1704

Our calculations use the following inflation rate formula to calculate the change in value between 1700 and 1704:

CPI in 1704 CPI in 1700
×
1700 USD value
=
1704 USD value

Then plug in historical CPI values. The U.S. CPI was 4.1 in the year 1700 and 4.6 in 1704:

4.64.1
×
$1
=
$1.12

$1 in 1700 has the same "purchasing power" or "buying power" as $1.12 in 1704.

To get the total inflation rate for the 4 years between 1700 and 1704, we use the following formula:

CPI in 1704 - CPI in 1700CPI in 1700
×
100
=
Cumulative inflation rate (4 years)

Plugging in the values to this equation, we get:

4.6 - 4.14.1
×
100
=
12%

News headlines from 1700

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 → 1704 | Inflation Calculator.” Official Inflation Data, Alioth Finance, 31 May. 2020, https://www.officialdata.org/1700-dollars-in-1704?amount=1.

Special thanks to QuickChart for providing downloadable chart images.

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


Ian Webster

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 1700 to 1704
Cumulative price change 12.20%
Average inflation rate 2.92%
Converted amount ($1 base) $1.12
Price difference ($1 base) $0.12
CPI in 1700 4.100
CPI in 1704 4.600
Inflation in 1700 -2.38%
Inflation in 1704 17.95%