U.S. inflation rate in 1734: -2.56%

Inflation Calculator

$

U.S. inflation rate in 1734: -2.56%

Inflation in 1734 and Its Effect on Dollar Value

Purchasing power increased by 2.56% in 1734 compared to 1733. On average, you would have to spend 2.56% less money in 1734 than in 1733 for the same item. This is an example of deflation.

In other words, $1 in 1733 is equivalent in purchasing power to about $0.97 in 1734.

The 1733 inflation rate was 2.63%. The inflation rate in 1734 was -2.56%. The 1734 inflation rate is lower compared to the average inflation rate of 1.49% per year between 1734 and 2019.

Inflation rate is calculated by change in the consumer price index (CPI). The CPI in 1734 was 3.80. It was 3.90 in the previous year, 1733. The difference in CPI between the years is used by the Bureau of Labor Statistics to officially determine inflation. Because the 1734 CPI is less than 1733 CPI, negative inflation (also known as deflation) has occurred.


Inflation from 1733 to 1734
Average inflation rate -2.56%
Converted amount ($1 base) $0.97
Price difference ($1 base) $-0.03
CPI in 1733 3.900
CPI in 1734 3.800
Inflation in 1733 2.63%
Inflation in 1734 -2.56%

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 1733 and 1734.

Compare these values to the overall average of -2.56% per year:

Category Avg Inflation (%) Total Inflation (%) $1 in 1733 → 1734
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 1733. This table and charts use the earliest available data for each category.



How to Calculate Inflation Rate for $1, 1733 to 1734

This inflation calculator uses the following inflation rate formula:

CPI in 1734CPI in 1733
×
1733 USD value
=
1734 USD value

Then plug in historical CPI values. The U.S. CPI was 3.9 in the year 1733 and 3.8 in 1734:

3.83.9
×
$1
=
$0.97

$1 in 1733 has the same "purchasing power" or "buying power" as $0.97 in 1734.

To get the total inflation rate for the 1 years between 1733 and 1734, we use the following formula:

CPI in 1734 - CPI in 1733CPI in 1733
×
100
=
Cumulative inflation rate (1 years)

Plugging in the values to this equation, we get:

3.8 - 3.93.9
×
100
=
-3%

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 1734 | Inflation Calculator.” U.S. Official Inflation Data, Alioth Finance, 9 Dec. 2019, https://www.officialdata.org/inflation-rate-in-1734.

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.

Email · LinkedIn · Twitter


» Read more about inflation and investment.

Inflation from 1733 to 1734
Average inflation rate -2.56%
Converted amount ($1 base) $0.97
Price difference ($1 base) $-0.03
CPI in 1733 3.900
CPI in 1734 3.800
Inflation in 1733 2.63%
Inflation in 1734 -2.56%