Inflation in 1782 and its effect on dollar value
Purchasing power decreased by 9.01% in 1782 compared to 1781. On average, you would have to spend 9.01% more money in 1782 than in 1781 for the same item.
In other words, $1 in 1781 is equivalent in purchasing power to about $1.09 in 1782.
The 1781 inflation rate was -18.98%. The inflation rate in 1782 was 9.01%. The 1782 inflation rate is higher compared to the average inflation rate of 1.30% per year between 1782 and 2020.
Inflation rate is calculated by change in the consumer price index (CPI). The CPI in 1782 was 12.10. It was 11.10 in the previous year, 1781. The difference in CPI between the years is used by the Bureau of Labor Statistics to officially determine inflation.
Contents
⌃
| Average inflation rate | 9.01% |
| Converted amount ($1 base) | $1.09 |
| Price difference ($1 base) | $0.09 |
| CPI in 1781 | 11.100 |
| CPI in 1782 | 12.100 |
| Inflation in 1781 | -18.98% |
| Inflation in 1782 | 9.01% |
Inflation by Country
Inflation can also vary widely by country. For comparison, in the UK £1.00 in 1781 would be equivalent to £1.02 in 1782, an absolute change of £0.02 and a cumulative change of 1.52%.
Compare these numbers to the US's overall absolute change of $0.09 and total percent change of 9.01%.
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 1781 and 1782.
Compare these values to the overall average of 9.01% per year:
| Category | Avg Inflation (%) | Total Inflation (%) | $1 in 1781 → 1782 |
|---|---|---|---|
| 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 1781. This table and charts use the earliest available data for each category.
How to Calculate Inflation Rate for $1, 1781 to 1782
Our calculations use the following inflation rate formula to calculate the change in value between 1781 and 1782:
CPI in 1782
CPI in 1781
×
1781 USD value
=
1782 USD value
Then plug in historical CPI values. The U.S. CPI was 11.1 in the year 1781 and 12.1 in 1782:
12.111.1
×
$1
=
$1.09
$1 in 1781 has the same "purchasing power" or "buying power" as $1.09 in 1782.
To get the total inflation rate for the 1 years between 1781 and 1782, we use the following formula:
CPI in 1782 - CPI in 1781CPI in 1781
×
100
=
Cumulative inflation rate (1 years)
Plugging in the values to this equation, we get:
12.1 - 11.111.1
×
100
=
9%
Data Source & Citation
Raw data for these calculations comes from the Bureau of Labor Statistics' Consumer Price Index (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 1782 | Inflation Calculator.” Official Inflation Data, Alioth Finance, 29 Oct. 2020, https://www.officialdata.org/inflation-rate-in-1782.
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.
| Average inflation rate | 9.01% |
| Converted amount ($1 base) | $1.09 |
| Price difference ($1 base) | $0.09 |
| CPI in 1781 | 11.100 |
| CPI in 1782 | 12.100 |
| Inflation in 1781 | -18.98% |
| Inflation in 1782 | 9.01% |