# U.S. inflation rate in 1769: 5.56%

## Inflation Calculator

\$

### Inflation in 1769 and Its Effect on Dollar Value

Purchasing power decreased by 5.56% in 1769 compared to 1768. On average, you would have to spend 5.56% more money in 1769 than in 1768 for the same item.

In other words, \$1 in 1768 is equivalent in purchasing power to about \$1.06 in 1769.

The 1768 inflation rate was -5.26%. The inflation rate in 1769 was 5.56%. The 1769 inflation rate is higher compared to the average inflation rate of 1.42% per year between 1769 and 2020.

Inflation rate is calculated by change in the consumer price index (CPI). The CPI in 1769 was 7.60. It was 7.20 in the previous year, 1768. The difference in CPI between the years is used by the Bureau of Labor Statistics to officially determine inflation.

 Average inflation rate 5.56% Converted amount (\$1 base) \$1.06 Price difference (\$1 base) \$0.06 CPI in 1768 7.200 CPI in 1769 7.600 Inflation in 1768 -5.26% Inflation in 1769 5.56%

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

### Inflation by Country

Inflation can also vary widely by country. For comparison, in the UK £1.00 in 1768 would be equivalent to £0.93 in 1769, an absolute change of £-0.07 and a cumulative change of -7.46%.

Compare these numbers to the US's overall absolute change of \$0.06 and total percent change of 5.56%.

### 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 1768 and 1769.

Compare these values to the overall average of 5.56% per year:

Category Avg Inflation (%) Total Inflation (%) \$1 in 1768 → 1769
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 1768. This table and charts use the earliest available data for each category.

### How to Calculate Inflation Rate for \$1, 1768 to 1769

This inflation calculator uses the following inflation rate formula:

CPI in 1769CPI in 1768
×
1768 USD value
=
1769 USD value

Then plug in historical CPI values. The U.S. CPI was 7.2 in the year 1768 and 7.6 in 1769:

7.67.2
×
\$1
=
\$1.06

\$1 in 1768 has the same "purchasing power" or "buying power" as \$1.06 in 1769.

To get the total inflation rate for the 1 years between 1768 and 1769, we use the following formula:

CPI in 1769 - CPI in 1768CPI in 1768
×
100
=
Cumulative inflation rate (1 years)

Plugging in the values to this equation, we get:

7.6 - 7.27.2
×
100
=
6%

### 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 1769 | Inflation Calculator.” Official Inflation Data, Alioth Finance, 2 Apr. 2020, https://www.officialdata.org/inflation-rate-in-1769.

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

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.

 Average inflation rate 5.56% Converted amount (\$1 base) \$1.06 Price difference (\$1 base) \$0.06 CPI in 1768 7.200 CPI in 1769 7.600 Inflation in 1768 -5.26% Inflation in 1769 5.56%