# \$1 in 1700 is worth \$0.98 in 1697

\$

## Value of \$1 from 1700 to 1697

According to the Bureau of Labor Statistics consumer price index, prices in 1697 are 2.44% lower than average prices since 1700. The U.S. dollar experienced an average inflation rate of 0.83% per year during this period, causing the real value of a dollar to decrease.

In other words, \$1 in 1700 is equivalent in purchasing power to about \$0.98 in 1697, a difference of \$-0.02 over 3 years.

The 1697 inflation rate was 0.00%. The inflation rate in 1700 was -2.38%. The 1700 inflation rate is lower compared to the average inflation rate of 1.31% per year between 1700 and 2020.

 Cumulative price change -2.44% Average inflation rate 0.83% Converted amount (\$1 base) \$0.98 Price difference (\$1 base) \$-0.02 CPI in 1700 4.100 CPI in 1697 4.000 Inflation in 1697 0.00% Inflation in 1700 -2.38%

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

## Buying power of \$1 in 1697

This chart shows a calculation of buying power equivalence for \$1 in 1697 (price index tracking began in 1635).

For example, if you started with \$1, you would need to end with \$0.98 in order to "adjust" for inflation (sometimes refered to as "beating inflation").

When \$1 is equivalent to \$0.98 over time, that means that the "real value" of a single U.S. dollar decreases over time. In other words, a dollar will pay for fewer items at the store.

This effect explains how inflation erodes the value of a dollar over time. By calculating the value in 1697 dollars, the chart below shows how \$1 is worth less over 3 years.

According to the Bureau of Labor Statistics, each of these USD amounts below is equal in terms of what it could buy at the time:

Dollar inflation: 1697-1700
Year Dollar Value Inflation Rate
1697 \$1.00 -
1698 \$0.95 -5.00%
1699 \$1.05 10.53%
1700 \$1.03 -2.38%
1701 \$1.08 4.88%
1702 \$0.98 -9.30%
1703 \$0.98 0.00%
1704 \$1.15 17.95%
1705 \$1.05 -8.70%
1706 \$1.13 7.14%
1707 \$1.08 -4.44%
1708 \$0.90 -16.28%
1709 \$1.13 25.00%
1710 \$1.03 -8.89%
1711 \$1.00 -2.44%
1712 \$0.95 -5.00%
1713 \$1.03 7.89%
1714 \$0.93 -9.76%
1715 \$1.10 18.92%
1716 \$1.03 -6.82%
1717 \$1.13 9.76%
1718 \$1.03 -8.89%
1719 \$1.13 9.76%
1720 \$1.05 -6.67%
1721 \$1.00 -4.76%
1722 \$1.03 2.50%
1723 \$1.05 2.44%
1724 \$1.08 2.38%
1725 \$1.25 16.28%
1726 \$1.18 -6.00%
1727 \$1.25 6.38%
1728 \$1.15 -8.00%
1729 \$1.15 0.00%
1730 \$1.15 0.00%
1731 \$1.05 -8.70%
1732 \$0.95 -9.52%
1733 \$0.98 2.63%
1734 \$0.95 -2.56%
1735 \$1.00 5.26%
1736 \$0.95 -5.00%
1737 \$1.00 5.26%
1738 \$1.03 2.50%
1739 \$0.93 -9.76%
1740 \$0.98 5.41%
1741 \$1.63 66.67%
1742 \$1.45 -10.77%
1743 \$1.30 -10.34%
1744 \$1.20 -7.69%
1745 \$1.15 -4.17%
1746 \$1.20 4.35%
1747 \$1.33 10.42%
1748 \$1.58 18.87%
1749 \$1.60 1.59%
1750 \$1.60 0.00%
1751 \$1.60 0.00%
1752 \$1.65 3.12%
1753 \$1.60 -3.03%
1754 \$1.53 -4.69%
1755 \$1.50 -1.64%
1756 \$1.45 -3.33%
1757 \$1.55 6.90%
1758 \$1.68 8.06%
1759 \$1.98 17.91%
1760 \$1.90 -3.80%
1761 \$1.73 -9.21%
1762 \$1.88 8.70%
1763 \$1.88 0.00%
1764 \$1.75 -6.67%
1765 \$1.80 2.86%
1766 \$1.93 6.94%
1767 \$1.90 -1.30%
1768 \$1.80 -5.26%
1769 \$1.90 5.56%
1770 \$2.05 7.89%
1771 \$1.95 -4.88%
1772 \$2.28 16.67%
1773 \$2.15 -5.49%
1774 \$2.03 -5.81%
1775 \$1.93 -4.94%
1776 \$2.18 12.99%
1777 \$2.65 21.84%
1778 \$3.45 30.19%
1779 \$3.05 -11.59%
1780 \$3.43 12.30%
1781 \$2.78 -18.98%
1782 \$3.03 9.01%
1783 \$2.65 -12.40%
1784 \$2.55 -3.77%
1785 \$2.43 -4.90%
1786 \$2.38 -2.06%
1787 \$2.33 -2.11%
1788 \$2.23 -4.30%
1789 \$2.20 -1.12%
1790 \$2.30 4.55%
1791 \$2.35 2.17%
1792 \$2.40 2.13%
1793 \$2.48 3.13%
1794 \$2.75 11.11%
1795 \$3.15 14.55%
1796 \$3.30 4.76%
1797 \$3.18 -3.79%
1798 \$3.08 -3.15%
1799 \$3.08 0.00%
1800 \$3.15 2.44%
1801 \$3.18 0.79%
1802 \$2.68 -15.75%
1803 \$2.83 5.61%
1804 \$2.95 4.42%
1805 \$2.93 -0.85%
1806 \$3.05 4.27%
1807 \$2.90 -4.92%
1808 \$3.15 8.62%
1809 \$3.08 -2.38%
1810 \$3.08 0.00%
1811 \$3.28 6.50%
1812 \$3.33 1.53%
1813 \$4.00 20.30%
1814 \$4.40 10.00%
1815 \$3.85 -12.50%
1816 \$3.53 -8.44%
1817 \$3.33 -5.67%
1818 \$3.18 -4.51%
1819 \$3.18 0.00%
1820 \$2.93 -7.87%
1821 \$2.83 -3.42%
1822 \$2.93 3.54%
1823 \$2.63 -10.26%
1824 \$2.43 -7.62%
1825 \$2.48 2.06%
1826 \$2.48 0.00%
1827 \$2.50 1.01%
1828 \$2.38 -5.00%
1829 \$2.33 -2.11%
1830 \$2.30 -1.08%
1831 \$2.18 -5.43%
1832 \$2.15 -1.15%
1833 \$2.10 -2.33%
1834 \$2.15 2.38%
1835 \$2.20 2.33%
1836 \$2.33 5.68%
1837 \$2.40 3.23%
1838 \$2.33 -3.12%
1839 \$2.33 0.00%
1840 \$2.18 -6.45%
1841 \$2.18 0.00%
1842 \$2.05 -5.75%
1843 \$1.85 -9.76%
1844 \$1.88 1.35%
1845 \$1.90 1.33%
1846 \$1.93 1.32%
1847 \$2.05 6.49%
1848 \$1.98 -3.66%
1849 \$1.93 -2.53%
1850 \$1.95 1.30%
1851 \$1.93 -1.28%
1852 \$1.93 0.00%
1853 \$1.93 0.00%
1854 \$2.10 9.09%
1855 \$2.18 3.57%
1856 \$2.13 -2.30%
1857 \$2.18 2.35%
1858 \$2.05 -5.75%
1859 \$2.08 1.22%
1860 \$2.08 0.00%
1861 \$2.20 6.02%
1862 \$2.53 14.77%
1863 \$3.15 24.75%
1864 \$3.93 24.60%
1865 \$4.08 3.82%
1866 \$3.98 -2.45%
1867 \$3.70 -6.92%
1868 \$3.55 -4.05%
1869 \$3.40 -4.23%
1870 \$3.28 -3.68%
1871 \$3.05 -6.87%
1872 \$3.05 0.00%
1873 \$3.00 -1.64%
1874 \$2.85 -5.00%
1875 \$2.75 -3.51%
1876 \$2.68 -2.73%
1877 \$2.63 -1.87%
1878 \$2.50 -4.76%
1879 \$2.50 0.00%
1880 \$2.55 2.00%
1881 \$2.55 0.00%
1882 \$2.55 0.00%
1883 \$2.53 -0.98%
1884 \$2.45 -2.97%
1885 \$2.43 -1.02%
1886 \$2.35 -3.09%
1887 \$2.38 1.06%
1888 \$2.38 0.00%
1889 \$2.30 -3.16%
1890 \$2.28 -1.09%
1891 \$2.28 0.00%
1892 \$2.28 0.00%
1893 \$2.25 -1.10%
1894 \$2.15 -4.44%
1895 \$2.10 -2.33%
1896 \$2.10 0.00%
1897 \$2.08 -1.19%
1898 \$2.08 0.00%
1899 \$2.08 0.00%
1900 \$2.10 1.20%
1901 \$2.13 1.19%
1902 \$2.15 1.18%
1903 \$2.20 2.33%
1904 \$2.23 1.14%
1905 \$2.20 -1.12%
1906 \$2.25 2.27%
1907 \$2.35 4.44%
1908 \$2.30 -2.13%
1909 \$2.28 -1.09%
1910 \$2.38 4.40%
1911 \$2.38 0.00%
1912 \$2.43 2.11%
1913 \$2.48 2.06%
1914 \$2.50 1.01%
1915 \$2.53 1.00%
1916 \$2.73 7.92%
1917 \$3.20 17.43%
1918 \$3.78 17.97%
1919 \$4.33 14.57%
1920 \$5.00 15.61%
1921 \$4.48 -10.50%
1922 \$4.20 -6.15%
1923 \$4.28 1.79%
1924 \$4.28 0.00%
1925 \$4.38 2.34%
1926 \$4.43 1.14%
1927 \$4.35 -1.69%
1928 \$4.28 -1.72%
1929 \$4.28 0.00%
1930 \$4.18 -2.34%
1931 \$3.80 -8.98%
1932 \$3.43 -9.87%
1933 \$3.25 -5.11%
1934 \$3.35 3.08%
1935 \$3.43 2.24%
1936 \$3.48 1.46%
1937 \$3.60 3.60%
1938 \$3.53 -2.08%
1939 \$3.48 -1.42%
1940 \$3.50 0.72%
1941 \$3.68 5.00%
1942 \$4.08 10.88%
1943 \$4.33 6.13%
1944 \$4.40 1.73%
1945 \$4.50 2.27%
1946 \$4.88 8.33%
1947 \$5.58 14.36%
1948 \$6.03 8.07%
1949 \$5.95 -1.24%
1950 \$6.03 1.26%
1951 \$6.50 7.88%
1952 \$6.63 1.92%
1953 \$6.68 0.75%
1954 \$6.73 0.75%
1955 \$6.70 -0.37%
1956 \$6.80 1.49%
1957 \$7.03 3.31%
1958 \$7.23 2.85%
1959 \$7.28 0.69%
1960 \$7.40 1.72%
1961 \$7.48 1.01%
1962 \$7.55 1.00%
1963 \$7.65 1.32%
1964 \$7.75 1.31%
1965 \$7.88 1.61%
1966 \$8.10 2.86%
1967 \$8.35 3.09%
1968 \$8.70 4.19%
1969 \$9.18 5.46%
1970 \$9.70 5.72%
1971 \$10.13 4.38%
1972 \$10.45 3.21%
1973 \$11.10 6.22%
1974 \$12.33 11.04%
1975 \$13.45 9.13%
1976 \$14.23 5.76%
1977 \$15.15 6.50%
1978 \$16.30 7.59%
1979 \$18.15 11.35%
1980 \$20.60 13.50%
1981 \$22.73 10.32%
1982 \$24.13 6.16%
1983 \$24.90 3.21%
1984 \$25.98 4.32%
1985 \$26.90 3.56%
1986 \$27.40 1.86%
1987 \$28.40 3.65%
1988 \$29.58 4.14%
1989 \$31.00 4.82%
1990 \$32.68 5.40%
1991 \$34.05 4.21%
1992 \$35.08 3.01%
1993 \$36.13 2.99%
1994 \$37.05 2.56%
1995 \$38.10 2.83%
1996 \$39.23 2.95%
1997 \$40.13 2.29%
1998 \$40.75 1.56%
1999 \$41.65 2.21%
2000 \$43.05 3.36%
2001 \$44.28 2.85%
2002 \$44.98 1.58%
2003 \$46.00 2.28%
2004 \$47.23 2.66%
2005 \$48.83 3.39%
2006 \$50.40 3.23%
2007 \$51.84 2.85%
2008 \$53.83 3.84%
2009 \$53.63 -0.36%
2010 \$54.51 1.64%
2011 \$56.23 3.16%
2012 \$57.40 2.07%
2013 \$58.24 1.46%
2014 \$59.18 1.62%
2015 \$59.25 0.12%
2016 \$60.00 1.26%
2017 \$61.28 2.13%
2018 \$62.81 2.49%
2019 \$63.91 1.76%
2020 \$65.10 1.85%*
* Compared to previous annual rate. Not final. See inflation summary for latest 12-month trailing value.

This conversion table shows various other 1697 amounts in 1700 dollars, based on the -2.44% change in prices:

Conversion Table: Value of a dollar in 1700
Initial value Equivalent value
\$1 dollar in 1697 \$1.03 dollars in 1700
\$5 dollars in 1697 \$5.13 dollars in 1700
\$10 dollars in 1697 \$10.25 dollars in 1700
\$50 dollars in 1697 \$51.25 dollars in 1700
\$100 dollars in 1697 \$102.50 dollars in 1700
\$500 dollars in 1697 \$512.50 dollars in 1700
\$1,000 dollars in 1697 \$1,025.00 dollars in 1700
\$5,000 dollars in 1697 \$5,125.00 dollars in 1700
\$10,000 dollars in 1697 \$10,250.00 dollars in 1700
\$50,000 dollars in 1697 \$51,250.00 dollars in 1700
\$100,000 dollars in 1697 \$102,500.00 dollars in 1700
\$500,000 dollars in 1697 \$512,500.00 dollars in 1700
\$1,000,000 dollars in 1697 \$1,025,000.00 dollars in 1700

## 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 1700 and 1697.

Compare these values to the overall average of 0.83% per year:

Category Avg Inflation (%) Total Inflation (%) \$1 in 1697 → 1700
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

The graph below compares inflation in categories of goods over time. Click on a category such as "Food" to toggle it on or off:

For all these visualizations, it's important to note that not all categories may have been tracked since 1700. This table and charts use the earliest available data for each category.

## How to Calculate Inflation Rate for \$1, 1697 to 1700

Our calculations use the following inflation rate formula to calculate the change in value between 1697 and 1700:

CPI in 1697 CPI in 1700
×
1700 USD value
=
1697 USD value

Then plug in historical CPI values. The U.S. CPI was 4.1 in the year 1700 and 4 in 1697:

44.1
×
\$1
=
\$0.98

\$1 in 1700 has the same "purchasing power" or "buying power" as \$0.98 in 1697.

To get the total inflation rate for the 3 years between 1697 and 1700, we use the following formula:

CPI in 1697 - CPI in 1700CPI in 1700
×
100
=
Cumulative inflation rate (3 years)

Plugging in the values to this equation, we get:

4 - 4.14.1
×
100
=
-2%

Politics and news often influence economic performance. Here's what was happening at the time:

• Russia, Denmark-Norway and Saxony declare war against the Swedish Empire, the conflict is later known as the Great Northern War.
• Denmark stops using the Julian calendar.
• The Pacific Island of New Britain is discovered.

## 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: “\$1 in 1700 → 1697 | Inflation Calculator.” Official Inflation Data, Alioth Finance, 30 Nov. 2020, https://www.officialdata.org/us/inflation/1700?amount=1&endYear=1697.

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.