U.S. inflation rate in 1717: 9.76%

Inflation in 1717 and its effect on dollar value

$1 in 1716 is equivalent in purchasing power to about $1.10 in 1717. The dollar had an average inflation rate of 9.76% per year between 1716 and 1717, producing a cumulative price increase of 9.76%. Purchasing power decreased by 9.76% in 1717 compared to 1716. On average, you would have to spend 9.76% more money in 1717 than in 1716 for the same item.

This means that prices in 1717 are 1.10 times higher than average prices since 1716, according to the Bureau of Labor Statistics consumer price index.

The inflation rate in 1716 was -6.82%. The inflation rate in 1717 was 9.76%. The 1717 inflation rate is higher compared to the average inflation rate of 1.38% per year between 1717 and 2022.

Inflation rate is calculated by change in the consumer price index (CPI). The CPI in 1717 was 4.50. It was 4.10 in the previous year, 1716. The difference in CPI between the years is used by the Bureau of Labor Statistics to officially determine inflation.


Inflation from 1716 to 1717
Average inflation rate9.76%
Converted amount ($1 base)$1.10
Price difference ($1 base)$0.10
CPI in 17164.100
CPI in 17174.500
Inflation in 1716-6.82%
Inflation in 17179.76%
$1 in 1716$1.10 in 1717

Recent USD inflation
Annual Rate, the Bureau of Labor Statistics CPI
Download

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 1716 and 1717.

Compare these values to the overall average of 9.76% per year:

CategoryAvg Inflation (%)Total Inflation (%)$1 in 1716 → 1717
Food and beverages0.000.001.00
Housing0.000.001.00
Apparel0.000.001.00
Transportation0.000.001.00
Medical care0.000.001.00
Recreation0.000.001.00
Education and communication0.000.001.00
Other goods and services0.000.001.00

For all these visualizations, it's important to note that not all categories may have been tracked since 1716. This table and charts use the earliest available data for each category.



How to calculate inflation rate for $1, 1716 to 1717

Our calculations use the following inflation rate formula to calculate the change in value between 1716 and 1717:

CPI in 1717 CPI in 1716
×
1716 USD value
=
1717 USD value

Then plug in historical CPI values. The U.S. CPI was 4.1 in the year 1716 and 4.5 in 1717:

4.54.1
×
$1
=
$1.10

$1 in 1716 has the same "purchasing power" or "buying power" as $1.10 in 1717.

To get the total inflation rate for the 1 years between 1716 and 1717, we use the following formula:

CPI in 1717 - CPI in 1716CPI in 1716
×
100
=
Cumulative inflation rate (1 years)

Plugging in the values to this equation, we get:

4.5 - 4.14.1
×
100
=
10%

Data source & citation

Raw data for these calculations comes from the Bureau of Labor Statistics' (CPI), established in 1913. Inflation data from 1634 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.

You may use the following MLA citation for this page: “Inflation Rate in 1717 | Inflation Calculator.” Official Inflation Data, Alioth Finance, 30 Nov. 2022, https://www.officialdata.org/inflation-rate-in-1717.

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.


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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Inflation from 1716 to 1717
Average inflation rate9.76%
Converted amount ($1 base)$1.10
Price difference ($1 base)$0.10
CPI in 17164.100
CPI in 17174.500
Inflation in 1716-6.82%
Inflation in 17179.76%
$1 in 1716$1.10 in 1717