# \$1 in 1700 is worth \$0.95 in 1703

\$

## Value of \$1 from 1700 to 1703

According to the Bureau of Labor Statistics consumer price index, prices in 1703 are 4.88% lower than average prices since 1700. The U.S. dollar experienced an average deflation rate of -1.65% per year during this period, causing the real value of a dollar to increase.

In other words, \$1 in 1700 is equivalent in purchasing power to about \$0.95 in 1703, a difference of \$-0.05 over 3 years.

The 1700 inflation rate was -2.38%. The inflation rate in 1703 was 0.00%. The 1703 inflation rate is lower compared to the average inflation rate of 1.33% per year between 1703 and 2020.

 Cumulative price change -4.88% Average inflation rate -1.65% Converted amount (\$1 base) \$0.95 Price difference (\$1 base) \$-0.05 CPI in 1700 4.100 CPI in 1703 3.900 Inflation in 1700 -2.38% Inflation in 1703 0.00%

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

## Buying power of \$1 in 1700

This chart shows a calculation of buying power equivalence for \$1 in 1700 (price index tracking began in 1635).

For example, if you started with \$1, you would need to end with \$0.95 in order to "adjust" for inflation (sometimes refered to as "beating inflation").

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: 1700-1703
Year Dollar Value Inflation Rate
1700 \$1.00 -2.38%
1701 \$1.05 4.88%
1702 \$0.95 -9.30%
1703 \$0.95 0.00%
1704 \$1.12 17.95%
1705 \$1.02 -8.70%
1706 \$1.10 7.14%
1707 \$1.05 -4.44%
1708 \$0.88 -16.28%
1709 \$1.10 25.00%
1710 \$1.00 -8.89%
1711 \$0.98 -2.44%
1712 \$0.93 -5.00%
1713 \$1.00 7.89%
1714 \$0.90 -9.76%
1715 \$1.07 18.92%
1716 \$1.00 -6.82%
1717 \$1.10 9.76%
1718 \$1.00 -8.89%
1719 \$1.10 9.76%
1720 \$1.02 -6.67%
1721 \$0.98 -4.76%
1722 \$1.00 2.50%
1723 \$1.02 2.44%
1724 \$1.05 2.38%
1725 \$1.22 16.28%
1726 \$1.15 -6.00%
1727 \$1.22 6.38%
1728 \$1.12 -8.00%
1729 \$1.12 0.00%
1730 \$1.12 0.00%
1731 \$1.02 -8.70%
1732 \$0.93 -9.52%
1733 \$0.95 2.63%
1734 \$0.93 -2.56%
1735 \$0.98 5.26%
1736 \$0.93 -5.00%
1737 \$0.98 5.26%
1738 \$1.00 2.50%
1739 \$0.90 -9.76%
1740 \$0.95 5.41%
1741 \$1.59 66.67%
1742 \$1.41 -10.77%
1743 \$1.27 -10.34%
1744 \$1.17 -7.69%
1745 \$1.12 -4.17%
1746 \$1.17 4.35%
1747 \$1.29 10.42%
1748 \$1.54 18.87%
1749 \$1.56 1.59%
1750 \$1.56 0.00%
1751 \$1.56 0.00%
1752 \$1.61 3.12%
1753 \$1.56 -3.03%
1754 \$1.49 -4.69%
1755 \$1.46 -1.64%
1756 \$1.41 -3.33%
1757 \$1.51 6.90%
1758 \$1.63 8.06%
1759 \$1.93 17.91%
1760 \$1.85 -3.80%
1761 \$1.68 -9.21%
1762 \$1.83 8.70%
1763 \$1.83 0.00%
1764 \$1.71 -6.67%
1765 \$1.76 2.86%
1766 \$1.88 6.94%
1767 \$1.85 -1.30%
1768 \$1.76 -5.26%
1769 \$1.85 5.56%
1770 \$2.00 7.89%
1771 \$1.90 -4.88%
1772 \$2.22 16.67%
1773 \$2.10 -5.49%
1774 \$1.98 -5.81%
1775 \$1.88 -4.94%
1776 \$2.12 12.99%
1777 \$2.59 21.84%
1778 \$3.37 30.19%
1779 \$2.98 -11.59%
1780 \$3.34 12.30%
1781 \$2.71 -18.98%
1782 \$2.95 9.01%
1783 \$2.59 -12.40%
1784 \$2.49 -3.77%
1785 \$2.37 -4.90%
1786 \$2.32 -2.06%
1787 \$2.27 -2.11%
1788 \$2.17 -4.30%
1789 \$2.15 -1.12%
1790 \$2.24 4.55%
1791 \$2.29 2.17%
1792 \$2.34 2.13%
1793 \$2.41 3.13%
1794 \$2.68 11.11%
1795 \$3.07 14.55%
1796 \$3.22 4.76%
1797 \$3.10 -3.79%
1798 \$3.00 -3.15%
1799 \$3.00 0.00%
1800 \$3.07 2.44%
1801 \$3.10 0.79%
1802 \$2.61 -15.75%
1803 \$2.76 5.61%
1804 \$2.88 4.42%
1805 \$2.85 -0.85%
1806 \$2.98 4.27%
1807 \$2.83 -4.92%
1808 \$3.07 8.62%
1809 \$3.00 -2.38%
1810 \$3.00 0.00%
1811 \$3.20 6.50%
1812 \$3.24 1.53%
1813 \$3.90 20.30%
1814 \$4.29 10.00%
1815 \$3.76 -12.50%
1816 \$3.44 -8.44%
1817 \$3.24 -5.67%
1818 \$3.10 -4.51%
1819 \$3.10 0.00%
1820 \$2.85 -7.87%
1821 \$2.76 -3.42%
1822 \$2.85 3.54%
1823 \$2.56 -10.26%
1824 \$2.37 -7.62%
1825 \$2.41 2.06%
1826 \$2.41 0.00%
1827 \$2.44 1.01%
1828 \$2.32 -5.00%
1829 \$2.27 -2.11%
1830 \$2.24 -1.08%
1831 \$2.12 -5.43%
1832 \$2.10 -1.15%
1833 \$2.05 -2.33%
1834 \$2.10 2.38%
1835 \$2.15 2.33%
1836 \$2.27 5.68%
1837 \$2.34 3.23%
1838 \$2.27 -3.12%
1839 \$2.27 0.00%
1840 \$2.12 -6.45%
1841 \$2.12 0.00%
1842 \$2.00 -5.75%
1843 \$1.80 -9.76%
1844 \$1.83 1.35%
1845 \$1.85 1.33%
1846 \$1.88 1.32%
1847 \$2.00 6.49%
1848 \$1.93 -3.66%
1849 \$1.88 -2.53%
1850 \$1.90 1.30%
1851 \$1.88 -1.28%
1852 \$1.88 0.00%
1853 \$1.88 0.00%
1854 \$2.05 9.09%
1855 \$2.12 3.57%
1856 \$2.07 -2.30%
1857 \$2.12 2.35%
1858 \$2.00 -5.75%
1859 \$2.02 1.22%
1860 \$2.02 0.00%
1861 \$2.15 6.02%
1862 \$2.46 14.77%
1863 \$3.07 24.75%
1864 \$3.83 24.60%
1865 \$3.98 3.82%
1866 \$3.88 -2.45%
1867 \$3.61 -6.92%
1868 \$3.46 -4.05%
1869 \$3.32 -4.23%
1870 \$3.20 -3.68%
1871 \$2.98 -6.87%
1872 \$2.98 0.00%
1873 \$2.93 -1.64%
1874 \$2.78 -5.00%
1875 \$2.68 -3.51%
1876 \$2.61 -2.73%
1877 \$2.56 -1.87%
1878 \$2.44 -4.76%
1879 \$2.44 0.00%
1880 \$2.49 2.00%
1881 \$2.49 0.00%
1882 \$2.49 0.00%
1883 \$2.46 -0.98%
1884 \$2.39 -2.97%
1885 \$2.37 -1.02%
1886 \$2.29 -3.09%
1887 \$2.32 1.06%
1888 \$2.32 0.00%
1889 \$2.24 -3.16%
1890 \$2.22 -1.09%
1891 \$2.22 0.00%
1892 \$2.22 0.00%
1893 \$2.20 -1.10%
1894 \$2.10 -4.44%
1895 \$2.05 -2.33%
1896 \$2.05 0.00%
1897 \$2.02 -1.19%
1898 \$2.02 0.00%
1899 \$2.02 0.00%
1900 \$2.05 1.20%
1901 \$2.07 1.19%
1902 \$2.10 1.18%
1903 \$2.15 2.33%
1904 \$2.17 1.14%
1905 \$2.15 -1.12%
1906 \$2.20 2.27%
1907 \$2.29 4.44%
1908 \$2.24 -2.13%
1909 \$2.22 -1.09%
1910 \$2.32 4.40%
1911 \$2.32 0.00%
1912 \$2.37 2.11%
1913 \$2.41 2.06%
1914 \$2.44 1.01%
1915 \$2.46 1.00%
1916 \$2.66 7.92%
1917 \$3.12 17.43%
1918 \$3.68 17.97%
1919 \$4.22 14.57%
1920 \$4.88 15.61%
1921 \$4.37 -10.50%
1922 \$4.10 -6.15%
1923 \$4.17 1.79%
1924 \$4.17 0.00%
1925 \$4.27 2.34%
1926 \$4.32 1.14%
1927 \$4.24 -1.69%
1928 \$4.17 -1.72%
1929 \$4.17 0.00%
1930 \$4.07 -2.34%
1931 \$3.71 -8.98%
1932 \$3.34 -9.87%
1933 \$3.17 -5.11%
1934 \$3.27 3.08%
1935 \$3.34 2.24%
1936 \$3.39 1.46%
1937 \$3.51 3.60%
1938 \$3.44 -2.08%
1939 \$3.39 -1.42%
1940 \$3.41 0.72%
1941 \$3.59 5.00%
1942 \$3.98 10.88%
1943 \$4.22 6.13%
1944 \$4.29 1.73%
1945 \$4.39 2.27%
1946 \$4.76 8.33%
1947 \$5.44 14.36%
1948 \$5.88 8.07%
1949 \$5.80 -1.24%
1950 \$5.88 1.26%
1951 \$6.34 7.88%
1952 \$6.46 1.92%
1953 \$6.51 0.75%
1954 \$6.56 0.75%
1955 \$6.54 -0.37%
1956 \$6.63 1.49%
1957 \$6.85 3.31%
1958 \$7.05 2.85%
1959 \$7.10 0.69%
1960 \$7.22 1.72%
1961 \$7.29 1.01%
1962 \$7.37 1.00%
1963 \$7.46 1.32%
1964 \$7.56 1.31%
1965 \$7.68 1.61%
1966 \$7.90 2.86%
1967 \$8.15 3.09%
1968 \$8.49 4.19%
1969 \$8.95 5.46%
1970 \$9.46 5.72%
1971 \$9.88 4.38%
1972 \$10.20 3.21%
1973 \$10.83 6.22%
1974 \$12.02 11.04%
1975 \$13.12 9.13%
1976 \$13.88 5.76%
1977 \$14.78 6.50%
1978 \$15.90 7.59%
1979 \$17.71 11.35%
1980 \$20.10 13.50%
1981 \$22.17 10.32%
1982 \$23.54 6.16%
1983 \$24.29 3.21%
1984 \$25.34 4.32%
1985 \$26.24 3.56%
1986 \$26.73 1.86%
1987 \$27.71 3.65%
1988 \$28.85 4.14%
1989 \$30.24 4.82%
1990 \$31.88 5.40%
1991 \$33.22 4.21%
1992 \$34.22 3.01%
1993 \$35.24 2.99%
1994 \$36.15 2.56%
1995 \$37.17 2.83%
1996 \$38.27 2.95%
1997 \$39.15 2.29%
1998 \$39.76 1.56%
1999 \$40.63 2.21%
2000 \$42.00 3.36%
2001 \$43.20 2.85%
2002 \$43.88 1.58%
2003 \$44.88 2.28%
2004 \$46.07 2.66%
2005 \$47.63 3.39%
2006 \$49.17 3.23%
2007 \$50.57 2.85%
2008 \$52.51 3.84%
2009 \$52.33 -0.36%
2010 \$53.18 1.64%
2011 \$54.86 3.16%
2012 \$56.00 2.07%
2013 \$56.82 1.46%
2014 \$57.74 1.62%
2015 \$57.81 0.12%
2016 \$58.54 1.26%
2017 \$59.79 2.13%
2018 \$61.28 2.49%
2019 \$62.36 1.76%
2020 \$63.39 1.67%*
* Compared to previous annual rate. Not final. See inflation summary for latest 12-month trailing value.

This conversion table shows various other 1700 amounts in 1703 dollars, based on the -4.88% change in prices:

Conversion Table: Value of a dollar in 1703
Initial value Equivalent value
\$1 dollar in 1700 \$0.95 dollars in 1703
\$5 dollars in 1700 \$4.76 dollars in 1703
\$10 dollars in 1700 \$9.51 dollars in 1703
\$50 dollars in 1700 \$47.56 dollars in 1703
\$100 dollars in 1700 \$95.12 dollars in 1703
\$500 dollars in 1700 \$475.61 dollars in 1703
\$1,000 dollars in 1700 \$951.22 dollars in 1703
\$5,000 dollars in 1700 \$4,756.10 dollars in 1703
\$10,000 dollars in 1700 \$9,512.20 dollars in 1703
\$50,000 dollars in 1700 \$47,560.98 dollars in 1703
\$100,000 dollars in 1700 \$95,121.95 dollars in 1703
\$500,000 dollars in 1700 \$475,609.76 dollars in 1703
\$1,000,000 dollars in 1700 \$951,219.51 dollars in 1703

## 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 1703.

Compare these values to the overall average of -1.65% per year:

Category Avg Inflation (%) Total Inflation (%) \$1 in 1700 → 1703
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, 1700 to 1703

Our calculations use the following inflation rate formula to calculate the change in value between 1700 and 1703:

CPI in 1703 CPI in 1700
×
1700 USD value
=
1703 USD value

Then plug in historical CPI values. The U.S. CPI was 4.1 in the year 1700 and 3.9 in 1703:

3.94.1
×
\$1
=
\$0.95

\$1 in 1700 has the same "purchasing power" or "buying power" as \$0.95 in 1703.

To get the total inflation rate for the 3 years between 1700 and 1703, we use the following formula:

CPI in 1703 - CPI in 1700CPI in 1700
×
100
=
Cumulative inflation rate (3 years)

Plugging in the values to this equation, we get:

3.9 - 4.14.1
×
100
=
-5%

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 → 1703 | Inflation Calculator.” Official Inflation Data, Alioth Finance, 21 Sep. 2020, https://www.officialdata.org/us/inflation/1700?amount=1&endYear=1703.

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.