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# \$1 in 1740 → \$1.67 in 1741

### U.S. Inflation Rate, \$1 in 1740 to 1741

According to the Bureau of Labor Statistics consumer price index, prices in 1741 are 66.67% higher than average prices since 1740. The U.S. dollar experienced an average inflation rate of 66.67% per year during this period, meaning the real value of a dollar decreased.

In other words, \$1 in 1740 is equivalent in purchasing power to about \$1.67 in 1741.

The 1740 inflation rate was 5.41%. The inflation rate in 1741 was 66.67%. The 1741 inflation rate is higher compared to the average inflation rate of 1.33% per year between 1741 and 2020.

 Average inflation rate 66.67% Converted amount (\$1 base) \$1.67 Price difference (\$1 base) \$0.67 CPI in 1740 3.900 CPI in 1741 6.500 Inflation in 1740 5.41% Inflation in 1741 66.67%

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

### 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 1740 and 1741.

Compare these values to the overall average of 66.67% per year:

Category Avg Inflation (%) Total Inflation (%) \$1 in 1740 → 1741
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

For all these visualizations, it's important to note that not all categories may have been tracked since 1740. This table and charts use the earliest available data for each category.

### How to Calculate Inflation Rate for \$1, 1740 to 1741

This inflation calculator uses the following inflation rate formula:

CPI in 1741CPI in 1740
×
1740 USD value
=
1741 USD value

Then plug in historical CPI values. The U.S. CPI was 3.9 in the year 1740 and 6.5 in 1741:

6.53.9
×
\$1
=
\$1.67

\$1 in 1740 has the same "purchasing power" or "buying power" as \$1.67 in 1741.

To get the total inflation rate for the 1 years between 1740 and 1741, we use the following formula:

CPI in 1741 - CPI in 1740CPI in 1740
×
100
=
Cumulative inflation rate (1 years)

Plugging in the values to this equation, we get:

6.5 - 3.93.9
×
100
=
67%

### 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 1740 → 1741 | Inflation Calculator.” Official Inflation Data, Alioth Finance, 26 Jan. 2020, https://www.officialdata.org/1740-dollars-in-1741?amount=1.