# \$1 in 1700 is worth \$1.02 in 1699

\$

## Value of \$1 from 1700 to 1699

\$1 in 1700 is equivalent in purchasing power to about \$1.02 in 1699. The dollar had an average deflation rate of -2.38% per year since 1699, producing a cumulative price change of 2.44%.

This means that prices in 1699 are 1.02 times higher than average prices since 1700, according to the Bureau of Labor Statistics consumer price index.

The inflation rate in 1699 was 10.53%. The inflation rate in 1700 was -2.38%. The 1700 inflation rate is lower compared to the average inflation rate of 1.34% per year between 1700 and 2022.

 Average inflation rate -2.38% Converted amount (\$1 base) \$1.02 Price difference (\$1 base) \$0.02 CPI in 1700 4.100 CPI in 1699 4.200 Inflation in 1699 10.53% Inflation in 1700 -2.38% \$1 in 1700 \$1.02 in 1699

Recent USD inflation
Annual Rate, the Bureau of Labor Statistics CPI

## 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 1699.

Compare these values to the overall average of -2.38% per year:

CategoryAvg Inflation (%)Total Inflation (%)\$1 in 1699 → 1700
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 1700. This table and charts use the earliest available data for each category.

## How to calculate inflation rate for \$1, 1699 to 1700

Our calculations use the following inflation rate formula to calculate the change in value between 1699 and 1700:

CPI in 1699 CPI in 1700
×
1700 USD value
=
1699 USD value

Then plug in historical CPI values. The U.S. CPI was 4.1 in the year 1700 and 4.2 in 1699:

4.24.1
×
\$1
=
\$1.02

\$1 in 1700 has the same "purchasing power" or "buying power" as \$1.02 in 1699.

To get the total inflation rate for the 1 years between 1699 and 1700, we use the following formula:

CPI in 1699 - CPI in 1700CPI in 1700
×
100
=
Cumulative inflation rate (1 years)

Plugging in the values to this equation, we get:

4.2 - 4.14.1
×
100
=
2%

## Data source & citation

Raw data for these calculations comes from the Bureau of Labor Statistics' (CPI), established in 1913. Inflation data from 1634 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.

You may use the following MLA citation for this page: “\$1 in 1700 → 1699 | Inflation Calculator.” Official Inflation Data, Alioth Finance, 3 Dec. 2022, https://www.officialdata.org/us/inflation/1700?amount=1&endYear=1699.

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.