# U.S. inflation rate in 1773: -5.49%

\$

## Inflation in 1773 and its effect on dollar value

\$1 in 1772 is equivalent in purchasing power to about \$0.95 in 1773. The dollar had an average deflation rate of -5.49% per year since 1772, producing a cumulative price change of -5.49%. Purchasing power increased by 5.49% in 1773 compared to 1772. On average, you would have to spend 5.49% less money in 1773 than in 1772 for the same item. This is an example of deflation.

This means that prices in 1773 are 5.49% lower than average prices since 1772, according to the Bureau of Labor Statistics consumer price index.

The inflation rate in 1772 was 16.67%. The inflation rate in 1773 was -5.49%. The 1773 inflation rate is lower compared to the average inflation rate of 1.44% per year between 1773 and 2024.

Inflation rate is calculated by change in the consumer price index (CPI). The CPI in 1773 was 8.60. It was 9.10 in the previous year, 1772. The difference in CPI between the years is used by the Bureau of Labor Statistics to officially determine inflation. Because the 1773 CPI is less than 1772 CPI, negative inflation (also known as deflation) has occurred.

 Average inflation rate -5.49% Converted amount\$1 base \$0.95 Price difference\$1 base \$-0.05 CPI in 1772 9.100 CPI in 1773 8.600 Inflation in 1772 16.67% Inflation in 1773 -5.49% \$1 in 1772 \$0.95 in 1773

Recent USD inflation
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 1772 would be equivalent to £1.00 in 1773, an absolute change of £0.00 and a cumulative change of 0.00%.

Compare these numbers to the US's overall absolute change of \$-0.05 and total percent change of -5.49%.

## 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 1772 and 1773.

Compare these values to the overall average of -5.49% per year:

CategoryAvg Inflation (%)Total Inflation (%)\$1 in 1772 → 1773
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 1772. This table and charts use the earliest available data for each category.

## How to calculate inflation rate for \$1, 1772 to 1773

Our calculations use the following inflation rate formula to calculate the change in value between 1772 and 1773:

CPI in 1773 CPI in 1772
×
1772 USD value
=
1773 USD value

Then plug in historical CPI values. The U.S. CPI was 9.1 in the year 1772 and 8.6 in 1773:

8.69.1
×
\$1
=
\$0.95

\$1 in 1772 has the same "purchasing power" or "buying power" as \$0.95 in 1773.

To get the total inflation rate for the 1 years between 1772 and 1773, we use the following formula:

CPI in 1773 - CPI in 1772CPI in 1772
×
100
=
Cumulative inflation rate (1 years)

Plugging in the values to this equation, we get:

8.6 - 9.19.1
×
100
=
-5%

## Data source & citation

Raw data for these calculations comes from the Bureau of Labor Statistics' (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 1773 | Inflation Calculator.” Official Inflation Data, Alioth Finance, 12 Sep. 2024, https://www.officialdata.org/inflation-rate-in-1773.

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.