U.S. inflation rate in 1709: 25.00%

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U.S. inflation rate in 1709: 25.00%

Inflation in 1709 and Its Effect on Dollar Value

Purchasing power decreased by 25.00% in 1709 compared to 1708. On average, you would have to spend 25.00% more money in 1709 than in 1708 for the same item.

In other words, $1 in 1708 is equivalent in purchasing power to about $1.25 in 1709.

The 1708 inflation rate was -16.28%. The inflation rate in 1709 was 25.00%. The 1709 inflation rate is higher compared to the average inflation rate of 1.31% per year between 1709 and 2019.

Inflation rate is calculated by change in the consumer price index (CPI). The CPI in 1709 was 4.50. It was 3.60 in the previous year, 1708. The difference in CPI between the years is used by the Bureau of Labor Statistics to officially determine inflation.


Inflation from 1708 to 1709
Average inflation rate 25.00%
Converted amount ($1 base) $1.25
Price difference ($1 base) $0.25
CPI in 1708 3.600
CPI in 1709 4.500
Inflation in 1708 -16.28%
Inflation in 1709 25.00%

U.S. inflation chart since 1665


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 1708 and 1709.

Compare these values to the overall average of 25.00% per year:

Category Avg Inflation (%) Total Inflation (%) $1 in 1708 → 1709
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 1708. This table and charts use the earliest available data for each category.



How to Calculate Inflation Rate for $1, 1708 to 1709

This inflation calculator uses the following inflation rate formula:

CPI in 1709CPI in 1708
×
1708 USD value
=
1709 USD value

Then plug in historical CPI values. The U.S. CPI was 3.6 in the year 1708 and 4.5 in 1709:

4.53.6
×
$1
=
$1.25

$1 in 1708 has the same "purchasing power" or "buying power" as $1.25 in 1709.

To get the total inflation rate for the 1 years between 1708 and 1709, we use the following formula:

CPI in 1709 - CPI in 1708CPI in 1708
×
100
=
Cumulative inflation rate (1 years)

Plugging in the values to this equation, we get:

4.5 - 3.63.6
×
100
=
25%

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: “Inflation Rate in 1709 | Inflation Calculator.” U.S. Official Inflation Data, Alioth Finance, 15 Dec. 2019, https://www.officialdata.org/inflation-rate-in-1709.

Special thanks to QuickChart for providing downloadable chart images.

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


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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Inflation from 1708 to 1709
Average inflation rate 25.00%
Converted amount ($1 base) $1.25
Price difference ($1 base) $0.25
CPI in 1708 3.600
CPI in 1709 4.500
Inflation in 1708 -16.28%
Inflation in 1709 25.00%