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\$30 in 1787 → \$790.71 in 2017

👉 You may be interested in \$30 in 1787 → 2020

U.S. Inflation Rate, \$30 in 1787 to 2017

According to the Bureau of Labor Statistics consumer price index, prices in 2017 are 2,535.70% higher than average prices since 1787. The U.S. dollar experienced an average inflation rate of 1.43% per year during this period, meaning the real value of a dollar decreased.

In other words, \$30 in 1787 is equivalent in purchasing power to about \$790.71 in 2017, a difference of \$760.71 over 230 years.

The 1787 inflation rate was -2.11%. The inflation rate in 2017 was 2.13%. The 2017 inflation rate is higher compared to the average inflation rate of 1.59% per year between 2017 and 2020.

 Cumulative price change 2,535.70% Average inflation rate 1.43% Converted amount (\$30 base) \$790.71 Price difference (\$30 base) \$760.71 CPI in 1787 9.300 CPI in 2017 245.120 Inflation in 1787 -2.11% Inflation in 2017 2.13%

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

Buying power of \$30 in 1787

This chart shows a calculation of buying power equivalence for \$30 in 1787 (price index tracking began in 1635).

For example, if you started with \$30, you would need to end with \$790.71 in order to "adjust" for inflation (sometimes refered to as "beating inflation").

When \$30 is equivalent to \$790.71 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 1787 dollars, the chart below shows how \$30 buys less over the past 230 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
1787 \$30.00 -2.11%
1788 \$28.71 -4.30%
1789 \$28.39 -1.12%
1790 \$29.68 4.55%
1791 \$30.32 2.17%
1792 \$30.97 2.13%
1793 \$31.94 3.13%
1794 \$35.48 11.11%
1795 \$40.65 14.55%
1796 \$42.58 4.76%
1797 \$40.97 -3.79%
1798 \$39.68 -3.15%
1799 \$39.68 0.00%
1800 \$40.65 2.44%
1801 \$40.97 0.79%
1802 \$34.52 -15.75%
1803 \$36.45 5.61%
1804 \$38.06 4.42%
1805 \$37.74 -0.85%
1806 \$39.35 4.27%
1807 \$37.42 -4.92%
1808 \$40.65 8.62%
1809 \$39.68 -2.38%
1810 \$39.68 0.00%
1811 \$42.26 6.50%
1812 \$42.90 1.53%
1813 \$51.61 20.30%
1814 \$56.77 10.00%
1815 \$49.68 -12.50%
1816 \$45.48 -8.44%
1817 \$42.90 -5.67%
1818 \$40.97 -4.51%
1819 \$40.97 0.00%
1820 \$37.74 -7.87%
1821 \$36.45 -3.42%
1822 \$37.74 3.54%
1823 \$33.87 -10.26%
1824 \$31.29 -7.62%
1825 \$31.94 2.06%
1826 \$31.94 0.00%
1827 \$32.26 1.01%
1828 \$30.65 -5.00%
1829 \$30.00 -2.11%
1830 \$29.68 -1.08%
1831 \$28.06 -5.43%
1832 \$27.74 -1.15%
1833 \$27.10 -2.33%
1834 \$27.74 2.38%
1835 \$28.39 2.33%
1836 \$30.00 5.68%
1837 \$30.97 3.23%
1838 \$30.00 -3.12%
1839 \$30.00 0.00%
1840 \$28.06 -6.45%
1841 \$28.06 0.00%
1842 \$26.45 -5.75%
1843 \$23.87 -9.76%
1844 \$24.19 1.35%
1845 \$24.52 1.33%
1846 \$24.84 1.32%
1847 \$26.45 6.49%
1848 \$25.48 -3.66%
1849 \$24.84 -2.53%
1850 \$25.16 1.30%
1851 \$24.84 -1.28%
1852 \$24.84 0.00%
1853 \$24.84 0.00%
1854 \$27.10 9.09%
1855 \$28.06 3.57%
1856 \$27.42 -2.30%
1857 \$28.06 2.35%
1858 \$26.45 -5.75%
1859 \$26.77 1.22%
1860 \$26.77 0.00%
1861 \$28.39 6.02%
1862 \$32.58 14.77%
1863 \$40.65 24.75%
1864 \$50.65 24.60%
1865 \$52.58 3.82%
1866 \$51.29 -2.45%
1867 \$47.74 -6.92%
1868 \$45.81 -4.05%
1869 \$43.87 -4.23%
1870 \$42.26 -3.68%
1871 \$39.35 -6.87%
1872 \$39.35 0.00%
1873 \$38.71 -1.64%
1874 \$36.77 -5.00%
1875 \$35.48 -3.51%
1876 \$34.52 -2.73%
1877 \$33.87 -1.87%
1878 \$32.26 -4.76%
1879 \$32.26 0.00%
1880 \$32.90 2.00%
1881 \$32.90 0.00%
1882 \$32.90 0.00%
1883 \$32.58 -0.98%
1884 \$31.61 -2.97%
1885 \$31.29 -1.02%
1886 \$30.32 -3.09%
1887 \$30.65 1.06%
1888 \$30.65 0.00%
1889 \$29.68 -3.16%
1890 \$29.35 -1.09%
1891 \$29.35 0.00%
1892 \$29.35 0.00%
1893 \$29.03 -1.10%
1894 \$27.74 -4.44%
1895 \$27.10 -2.33%
1896 \$27.10 0.00%
1897 \$26.77 -1.19%
1898 \$26.77 0.00%
1899 \$26.77 0.00%
1900 \$27.10 1.20%
1901 \$27.42 1.19%
1902 \$27.74 1.18%
1903 \$28.39 2.33%
1904 \$28.71 1.14%
1905 \$28.39 -1.12%
1906 \$29.03 2.27%
1907 \$30.32 4.44%
1908 \$29.68 -2.13%
1909 \$29.35 -1.09%
1910 \$30.65 4.40%
1911 \$30.65 0.00%
1912 \$31.29 2.11%
1913 \$31.94 2.06%
1914 \$32.26 1.01%
1915 \$32.58 1.00%
1916 \$35.16 7.92%
1917 \$41.29 17.43%
1918 \$48.71 17.97%
1919 \$55.81 14.57%
1920 \$64.52 15.61%
1921 \$57.74 -10.50%
1922 \$54.19 -6.15%
1923 \$55.16 1.79%
1924 \$55.16 0.00%
1925 \$56.45 2.34%
1926 \$57.10 1.14%
1927 \$56.13 -1.69%
1928 \$55.16 -1.72%
1929 \$55.16 0.00%
1930 \$53.87 -2.34%
1931 \$49.03 -8.98%
1932 \$44.19 -9.87%
1933 \$41.94 -5.11%
1934 \$43.23 3.08%
1935 \$44.19 2.24%
1936 \$44.84 1.46%
1937 \$46.45 3.60%
1938 \$45.48 -2.08%
1939 \$44.84 -1.42%
1940 \$45.16 0.72%
1941 \$47.42 5.00%
1942 \$52.58 10.88%
1943 \$55.81 6.13%
1944 \$56.77 1.73%
1945 \$58.06 2.27%
1946 \$62.90 8.33%
1947 \$71.94 14.36%
1948 \$77.74 8.07%
1949 \$76.77 -1.24%
1950 \$77.74 1.26%
1951 \$83.87 7.88%
1952 \$85.48 1.92%
1953 \$86.13 0.75%
1954 \$86.77 0.75%
1955 \$86.45 -0.37%
1956 \$87.74 1.49%
1957 \$90.65 3.31%
1958 \$93.23 2.85%
1959 \$93.87 0.69%
1960 \$95.48 1.72%
1961 \$96.45 1.01%
1962 \$97.42 1.00%
1963 \$98.71 1.32%
1964 \$100.00 1.31%
1965 \$101.61 1.61%
1966 \$104.52 2.86%
1967 \$107.74 3.09%
1968 \$112.26 4.19%
1969 \$118.39 5.46%
1970 \$125.16 5.72%
1971 \$130.65 4.38%
1972 \$134.84 3.21%
1973 \$143.23 6.22%
1974 \$159.03 11.04%
1975 \$173.55 9.13%
1976 \$183.55 5.76%
1977 \$195.48 6.50%
1978 \$210.32 7.59%
1979 \$234.19 11.35%
1980 \$265.81 13.50%
1981 \$293.23 10.32%
1982 \$311.29 6.16%
1983 \$321.29 3.21%
1984 \$335.16 4.32%
1985 \$347.10 3.56%
1986 \$353.55 1.86%
1987 \$366.45 3.65%
1988 \$381.61 4.14%
1989 \$400.00 4.82%
1990 \$421.61 5.40%
1991 \$439.35 4.21%
1992 \$452.58 3.01%
1993 \$466.13 2.99%
1994 \$478.06 2.56%
1995 \$491.61 2.83%
1996 \$506.13 2.95%
1997 \$517.74 2.29%
1998 \$525.81 1.56%
1999 \$537.42 2.21%
2000 \$555.48 3.36%
2001 \$571.29 2.85%
2002 \$580.32 1.58%
2003 \$593.55 2.28%
2004 \$609.35 2.66%
2005 \$630.00 3.39%
2006 \$650.32 3.23%
2007 \$668.85 2.85%
2008 \$694.53 3.84%
2009 \$692.05 -0.36%
2010 \$703.41 1.64%
2011 \$725.61 3.16%
2012 \$740.63 2.07%
2013 \$751.47 1.46%
2014 \$763.66 1.62%
2015 \$764.57 0.12%
2016 \$774.22 1.26%
2017 \$790.71 2.13%
2018 \$810.42 2.49%
2019 \$824.70 1.76%
2020 \$828.95 0.51%*
* Compared to previous annual rate. Not final. See inflation summary for latest 12-month trailing value.
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Inflation by Country

Inflation can also vary widely by country. For comparison, in the UK £30.00 in 1787 would be equivalent to £4,478.75 in 2017, an absolute change of £4,448.75 and a cumulative change of 14,829.17%.

Compare these numbers to the US's overall absolute change of \$760.71 and total percent change of 2,535.70%.

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 1787 and 2017.

Compare these values to the overall average of 1.43% per year:

Category Avg Inflation (%) Total Inflation (%) \$30 in 1787 → 2017
Food and beverages 4.01 845,171.93 253,581.58
Housing 4.29 1,561,393.44 468,448.03
Apparel 2.07 11,056.85 3,347.05
Transportation 3.29 170,341.59 51,132.48
Medical care 5.21 11,953,348.30 3,586,034.49
Recreation 1.11 1,177.42 383.23
Education and communication 1.97 8,686.32 2,635.89
Other goods and services 5.15 10,456,715.42 3,137,044.63

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 1787. This table and charts use the earliest available data for each category.

How to Calculate Inflation Rate for \$30, 1787 to 2017

This inflation calculator uses the following inflation rate formula:

CPI in 2017CPI in 1787
×
1787 USD value
=
2017 USD value

Then plug in historical CPI values. The U.S. CPI was 9.3 in the year 1787 and 245.12 in 2017:

245.129.3
×
\$30
=
\$790.71

\$30 in 1787 has the same "purchasing power" or "buying power" as \$790.71 in 2017.

To get the total inflation rate for the 230 years between 1787 and 2017, we use the following formula:

CPI in 2017 - CPI in 1787CPI in 1787
×
100
=
Cumulative inflation rate (230 years)

Plugging in the values to this equation, we get:

245.12 - 9.39.3
×
100
=
2,536%

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

• Eleven ships of criminals set sails to Botany Bay, Australia, led by Arthur Philip
• Delegates gather in Philadelphia in order to prepare and compose the US Constitution
• Children under 8 banned from labour by Austrian emperor Jozef II

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: “\$30 in 1787 → 2017 | Inflation Calculator.” Official Inflation Data, Alioth Finance, 17 Jan. 2020, https://www.officialdata.org/1787-dollars-in-2017?amount=30.