Inflation in 1637 and its effect on dollar value
$1 in 1636 is equivalent in purchasing power to about $0.86 in 1637. The dollar had an average deflation rate of -14.09% per year since 1636, producing a cumulative price change of -14.09%. Purchasing power increased by 14.09% in 1637 compared to 1636. On average, you would have to spend 14.09% less money in 1637 than in 1636 for the same item. This is an example of deflation.
This means that prices in 1637 are 14.09% lower than average prices since 1636, according to the Bureau of Labor Statistics consumer price index.
The inflation rate in 1636 was 79.52%. The inflation rate in 1637 was -14.09%. The 1637 inflation rate is lower compared to the average inflation rate of 0.83% per year between 1637 and 2024.
Inflation rate is calculated by change in the consumer price index (CPI). The CPI in 1637 was 12.80. It was 14.90 in the previous year, 1636. The difference in CPI between the years is used by the Bureau of Labor Statistics to officially determine inflation. Because the 1637 CPI is less than 1636 CPI, negative inflation (also known as deflation) has occurred.
⌃
| Average inflation rate | -14.09% |
| Converted amount $1 base | $0.86 |
| Price difference $1 base | $-0.14 |
| CPI in 1636 | 14.900 |
| CPI in 1637 | 12.800 |
| Inflation in 1636 | 79.52% |
| Inflation in 1637 | -14.09% |
| $1 in 1636 | $0.86 in 1637 |
How to calculate inflation rate for $1, 1636 to 1637
Our calculations use the following inflation rate formula to calculate the change in value between 1636 and 1637:
CPI in 1637 CPI in 1636
×
1636 USD value
=
1637 USD value
Then plug in historical CPI values. The U.S. CPI was 14.9 in the year 1636 and 12.8 in 1637:
12.814.9
×
$1
=
$0.86
$1 in 1636 has the same "purchasing power" or "buying power" as $0.86 in 1637.
To get the total inflation rate for the 1 years between 1636 and 1637, we use the following formula:
CPI in 1637 - CPI in 1636CPI in 1636
×
100
=
Cumulative inflation rate (1 years)
Plugging in the values to this equation, we get:
12.8 - 14.914.9
×
100
=
-14%
Data source & citation
Raw data for these calculations comes from the Bureau of Labor Statistics' Consumer Price Index (CPI), established in 1913. Price index data from 1774 to 1912 is sourced from a historical study conducted by political science professor Robert Sahr at Oregon State University and from the American Antiquarian Society. Price index data from 1634 to 1773 is from the American Antiquarian Society, using British pound equivalents.
You may use the following MLA citation for this page: “Inflation Rate in 1637 | Inflation Calculator.” Official Inflation Data, Alioth Finance, 20 Apr. 2024, https://www.officialdata.org/inflation-rate-in-1637.
Special thanks to QuickChart for their chart image API, which is used for chart downloads.
in2013dollars.com is a reference website maintained by the Official Data Foundation.
| Average inflation rate | -14.09% |
| Converted amount $1 base | $0.86 |
| Price difference $1 base | $-0.14 |
| CPI in 1636 | 14.900 |
| CPI in 1637 | 12.800 |
| Inflation in 1636 | 79.52% |
| Inflation in 1637 | -14.09% |
| $1 in 1636 | $0.86 in 1637 |