$1 in 1705 is worth $1.02 in 1707

Value of $1 from 1705 to 1707

According to the Bureau of Labor Statistics consumer price index, prices in 1707 are 2.38% higher than average prices since 1705. The U.S. dollar experienced an average inflation rate of 1.18% per year during this period, causing the real value of a dollar to decrease.

In other words, $1 in 1705 is equivalent in purchasing power to about $1.02 in 1707, a difference of $0.02 over 2 years.

The 1705 inflation rate was -8.70%. The inflation rate in 1707 was -4.44%. The 1707 inflation rate is lower compared to the average inflation rate of 1.32% per year between 1707 and 2020.


Inflation from 1705 to 1707
Cumulative price change 2.38%
Average inflation rate 1.18%
Converted amount ($1 base) $1.02
Price difference ($1 base) $0.02
CPI in 1705 4.200
CPI in 1707 4.300
Inflation in 1705 -8.70%
Inflation in 1707 -4.44%

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

Buying power of $1 in 1705

This chart shows a calculation of buying power equivalence for $1 in 1705 (price index tracking began in 1635).

For example, if you started with $1, you would need to end with $1.02 in order to "adjust" for inflation (sometimes refered to as "beating inflation").

When $1 is equivalent to $1.02 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 1705 dollars, the chart below shows how $1 is worth less over 2 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: 1705-1707
Year Dollar Value Inflation Rate
1705 $1.00 -8.70%
1706 $1.07 7.14%
1707 $1.02 -4.44%
1708 $0.86 -16.28%
1709 $1.07 25.00%
1710 $0.98 -8.89%
1711 $0.95 -2.44%
1712 $0.90 -5.00%
1713 $0.98 7.89%
1714 $0.88 -9.76%
1715 $1.05 18.92%
1716 $0.98 -6.82%
1717 $1.07 9.76%
1718 $0.98 -8.89%
1719 $1.07 9.76%
1720 $1.00 -6.67%
1721 $0.95 -4.76%
1722 $0.98 2.50%
1723 $1.00 2.44%
1724 $1.02 2.38%
1725 $1.19 16.28%
1726 $1.12 -6.00%
1727 $1.19 6.38%
1728 $1.10 -8.00%
1729 $1.10 0.00%
1730 $1.10 0.00%
1731 $1.00 -8.70%
1732 $0.90 -9.52%
1733 $0.93 2.63%
1734 $0.90 -2.56%
1735 $0.95 5.26%
1736 $0.90 -5.00%
1737 $0.95 5.26%
1738 $0.98 2.50%
1739 $0.88 -9.76%
1740 $0.93 5.41%
1741 $1.55 66.67%
1742 $1.38 -10.77%
1743 $1.24 -10.34%
1744 $1.14 -7.69%
1745 $1.10 -4.17%
1746 $1.14 4.35%
1747 $1.26 10.42%
1748 $1.50 18.87%
1749 $1.52 1.59%
1750 $1.52 0.00%
1751 $1.52 0.00%
1752 $1.57 3.12%
1753 $1.52 -3.03%
1754 $1.45 -4.69%
1755 $1.43 -1.64%
1756 $1.38 -3.33%
1757 $1.48 6.90%
1758 $1.60 8.06%
1759 $1.88 17.91%
1760 $1.81 -3.80%
1761 $1.64 -9.21%
1762 $1.79 8.70%
1763 $1.79 0.00%
1764 $1.67 -6.67%
1765 $1.71 2.86%
1766 $1.83 6.94%
1767 $1.81 -1.30%
1768 $1.71 -5.26%
1769 $1.81 5.56%
1770 $1.95 7.89%
1771 $1.86 -4.88%
1772 $2.17 16.67%
1773 $2.05 -5.49%
1774 $1.93 -5.81%
1775 $1.83 -4.94%
1776 $2.07 12.99%
1777 $2.52 21.84%
1778 $3.29 30.19%
1779 $2.90 -11.59%
1780 $3.26 12.30%
1781 $2.64 -18.98%
1782 $2.88 9.01%
1783 $2.52 -12.40%
1784 $2.43 -3.77%
1785 $2.31 -4.90%
1786 $2.26 -2.06%
1787 $2.21 -2.11%
1788 $2.12 -4.30%
1789 $2.10 -1.12%
1790 $2.19 4.55%
1791 $2.24 2.17%
1792 $2.29 2.13%
1793 $2.36 3.13%
1794 $2.62 11.11%
1795 $3.00 14.55%
1796 $3.14 4.76%
1797 $3.02 -3.79%
1798 $2.93 -3.15%
1799 $2.93 0.00%
1800 $3.00 2.44%
1801 $3.02 0.79%
1802 $2.55 -15.75%
1803 $2.69 5.61%
1804 $2.81 4.42%
1805 $2.79 -0.85%
1806 $2.90 4.27%
1807 $2.76 -4.92%
1808 $3.00 8.62%
1809 $2.93 -2.38%
1810 $2.93 0.00%
1811 $3.12 6.50%
1812 $3.17 1.53%
1813 $3.81 20.30%
1814 $4.19 10.00%
1815 $3.67 -12.50%
1816 $3.36 -8.44%
1817 $3.17 -5.67%
1818 $3.02 -4.51%
1819 $3.02 0.00%
1820 $2.79 -7.87%
1821 $2.69 -3.42%
1822 $2.79 3.54%
1823 $2.50 -10.26%
1824 $2.31 -7.62%
1825 $2.36 2.06%
1826 $2.36 0.00%
1827 $2.38 1.01%
1828 $2.26 -5.00%
1829 $2.21 -2.11%
1830 $2.19 -1.08%
1831 $2.07 -5.43%
1832 $2.05 -1.15%
1833 $2.00 -2.33%
1834 $2.05 2.38%
1835 $2.10 2.33%
1836 $2.21 5.68%
1837 $2.29 3.23%
1838 $2.21 -3.12%
1839 $2.21 0.00%
1840 $2.07 -6.45%
1841 $2.07 0.00%
1842 $1.95 -5.75%
1843 $1.76 -9.76%
1844 $1.79 1.35%
1845 $1.81 1.33%
1846 $1.83 1.32%
1847 $1.95 6.49%
1848 $1.88 -3.66%
1849 $1.83 -2.53%
1850 $1.86 1.30%
1851 $1.83 -1.28%
1852 $1.83 0.00%
1853 $1.83 0.00%
1854 $2.00 9.09%
1855 $2.07 3.57%
1856 $2.02 -2.30%
1857 $2.07 2.35%
1858 $1.95 -5.75%
1859 $1.98 1.22%
1860 $1.98 0.00%
1861 $2.10 6.02%
1862 $2.40 14.77%
1863 $3.00 24.75%
1864 $3.74 24.60%
1865 $3.88 3.82%
1866 $3.79 -2.45%
1867 $3.52 -6.92%
1868 $3.38 -4.05%
1869 $3.24 -4.23%
1870 $3.12 -3.68%
1871 $2.90 -6.87%
1872 $2.90 0.00%
1873 $2.86 -1.64%
1874 $2.71 -5.00%
1875 $2.62 -3.51%
1876 $2.55 -2.73%
1877 $2.50 -1.87%
1878 $2.38 -4.76%
1879 $2.38 0.00%
1880 $2.43 2.00%
1881 $2.43 0.00%
1882 $2.43 0.00%
1883 $2.40 -0.98%
1884 $2.33 -2.97%
1885 $2.31 -1.02%
1886 $2.24 -3.09%
1887 $2.26 1.06%
1888 $2.26 0.00%
1889 $2.19 -3.16%
1890 $2.17 -1.09%
1891 $2.17 0.00%
1892 $2.17 0.00%
1893 $2.14 -1.10%
1894 $2.05 -4.44%
1895 $2.00 -2.33%
1896 $2.00 0.00%
1897 $1.98 -1.19%
1898 $1.98 0.00%
1899 $1.98 0.00%
1900 $2.00 1.20%
1901 $2.02 1.19%
1902 $2.05 1.18%
1903 $2.10 2.33%
1904 $2.12 1.14%
1905 $2.10 -1.12%
1906 $2.14 2.27%
1907 $2.24 4.44%
1908 $2.19 -2.13%
1909 $2.17 -1.09%
1910 $2.26 4.40%
1911 $2.26 0.00%
1912 $2.31 2.11%
1913 $2.36 2.06%
1914 $2.38 1.01%
1915 $2.40 1.00%
1916 $2.60 7.92%
1917 $3.05 17.43%
1918 $3.60 17.97%
1919 $4.12 14.57%
1920 $4.76 15.61%
1921 $4.26 -10.50%
1922 $4.00 -6.15%
1923 $4.07 1.79%
1924 $4.07 0.00%
1925 $4.17 2.34%
1926 $4.21 1.14%
1927 $4.14 -1.69%
1928 $4.07 -1.72%
1929 $4.07 0.00%
1930 $3.98 -2.34%
1931 $3.62 -8.98%
1932 $3.26 -9.87%
1933 $3.10 -5.11%
1934 $3.19 3.08%
1935 $3.26 2.24%
1936 $3.31 1.46%
1937 $3.43 3.60%
1938 $3.36 -2.08%
1939 $3.31 -1.42%
1940 $3.33 0.72%
1941 $3.50 5.00%
1942 $3.88 10.88%
1943 $4.12 6.13%
1944 $4.19 1.73%
1945 $4.29 2.27%
1946 $4.64 8.33%
1947 $5.31 14.36%
1948 $5.74 8.07%
1949 $5.67 -1.24%
1950 $5.74 1.26%
1951 $6.19 7.88%
1952 $6.31 1.92%
1953 $6.36 0.75%
1954 $6.40 0.75%
1955 $6.38 -0.37%
1956 $6.48 1.49%
1957 $6.69 3.31%
1958 $6.88 2.85%
1959 $6.93 0.69%
1960 $7.05 1.72%
1961 $7.12 1.01%
1962 $7.19 1.00%
1963 $7.29 1.32%
1964 $7.38 1.31%
1965 $7.50 1.61%
1966 $7.71 2.86%
1967 $7.95 3.09%
1968 $8.29 4.19%
1969 $8.74 5.46%
1970 $9.24 5.72%
1971 $9.64 4.38%
1972 $9.95 3.21%
1973 $10.57 6.22%
1974 $11.74 11.04%
1975 $12.81 9.13%
1976 $13.55 5.76%
1977 $14.43 6.50%
1978 $15.52 7.59%
1979 $17.29 11.35%
1980 $19.62 13.50%
1981 $21.64 10.32%
1982 $22.98 6.16%
1983 $23.71 3.21%
1984 $24.74 4.32%
1985 $25.62 3.56%
1986 $26.10 1.86%
1987 $27.05 3.65%
1988 $28.17 4.14%
1989 $29.52 4.82%
1990 $31.12 5.40%
1991 $32.43 4.21%
1992 $33.40 3.01%
1993 $34.40 2.99%
1994 $35.29 2.56%
1995 $36.29 2.83%
1996 $37.36 2.95%
1997 $38.21 2.29%
1998 $38.81 1.56%
1999 $39.67 2.21%
2000 $41.00 3.36%
2001 $42.17 2.85%
2002 $42.83 1.58%
2003 $43.81 2.28%
2004 $44.98 2.66%
2005 $46.50 3.39%
2006 $48.00 3.23%
2007 $49.37 2.85%
2008 $51.26 3.84%
2009 $51.08 -0.36%
2010 $51.92 1.64%
2011 $53.56 3.16%
2012 $54.67 2.07%
2013 $55.47 1.46%
2014 $56.37 1.62%
2015 $56.43 0.12%
2016 $57.14 1.26%
2017 $58.36 2.13%
2018 $59.82 2.49%
2019 $60.87 1.76%
2020 $61.38 0.84%*
* Compared to previous annual rate. Not final. See inflation summary for latest 12-month trailing value.

This conversion table shows various other 1705 amounts in 1707 dollars, based on the 2.38% change in prices:

Conversion Table: Value of a dollar in 1707
Initial value Equivalent value
$1 dollar in 1705 $1.02 dollars in 1707
$5 dollars in 1705 $5.12 dollars in 1707
$10 dollars in 1705 $10.24 dollars in 1707
$50 dollars in 1705 $51.19 dollars in 1707
$100 dollars in 1705 $102.38 dollars in 1707
$500 dollars in 1705 $511.90 dollars in 1707
$1,000 dollars in 1705 $1,023.81 dollars in 1707
$5,000 dollars in 1705 $5,119.05 dollars in 1707
$10,000 dollars in 1705 $10,238.10 dollars in 1707
$50,000 dollars in 1705 $51,190.48 dollars in 1707
$100,000 dollars in 1705 $102,380.95 dollars in 1707
$500,000 dollars in 1705 $511,904.76 dollars in 1707
$1,000,000 dollars in 1705 $1,023,809.52 dollars in 1707

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 1705 and 1707.

Compare these values to the overall average of 1.18% per year:

Category Avg Inflation (%) Total Inflation (%) $1 in 1705 → 1707
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 1705. This table and charts use the earliest available data for each category.



How to Calculate Inflation Rate for $1, 1705 to 1707

Our calculations use the following inflation rate formula to calculate the change in value between 1705 and 1707:

CPI in 1707 CPI in 1705
×
1705 USD value
=
1707 USD value

Then plug in historical CPI values. The U.S. CPI was 4.2 in the year 1705 and 4.3 in 1707:

4.34.2
×
$1
=
$1.02

$1 in 1705 has the same "purchasing power" or "buying power" as $1.02 in 1707.

To get the total inflation rate for the 2 years between 1705 and 1707, we use the following formula:

CPI in 1707 - CPI in 1705CPI in 1705
×
100
=
Cumulative inflation rate (2 years)

Plugging in the values to this equation, we get:

4.3 - 4.24.2
×
100
=
2%

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 1705 → 1707 | Inflation Calculator.” Official Inflation Data, Alioth Finance, 5 Aug. 2020, https://www.officialdata.org/us/inflation/1705?amount=1&endYear=1707.

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.


Ian Webster

About the author

Ian Webster is an engineer and data expert based in San Mateo, California. He has worked for Google, NASA, and consulted for governments around the world on data pipelines and data analysis. Disappointed by the lack of clear resources on the impacts of inflation on economic indicators, Ian believes this website serves as a valuable public tool. Ian earned his degree in Computer Science from Dartmouth College.

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» Read more about inflation and investment.

Inflation from 1705 to 1707
Cumulative price change 2.38%
Average inflation rate 1.18%
Converted amount ($1 base) $1.02
Price difference ($1 base) $0.02
CPI in 1705 4.200
CPI in 1707 4.300
Inflation in 1705 -8.70%
Inflation in 1707 -4.44%