# \$1 in 1715 is worth \$0.84 in 1714

\$

## Value of \$1 from 1715 to 1714

According to the Bureau of Labor Statistics consumer price index, prices in 1714 are 15.91% lower than average prices since 1715. The U.S. dollar experienced an average inflation rate of 18.92% per year during this period, causing the real value of a dollar to decrease.

In other words, \$1 in 1715 is equivalent in purchasing power to about \$0.84 in 1714.

The 1714 inflation rate was -9.76%. The inflation rate in 1715 was 18.92%. The 1715 inflation rate is higher compared to the average inflation rate of 1.35% per year between 1715 and 2020.

 Average inflation rate 18.92% Converted amount (\$1 base) \$0.84 Price difference (\$1 base) \$-0.16 CPI in 1715 4.400 CPI in 1714 3.700 Inflation in 1714 -9.76% Inflation in 1715 18.92%

USD Inflation since 1635
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 1715 and 1714.

Compare these values to the overall average of 18.92% per year:

Category Avg Inflation (%) Total Inflation (%) \$1 in 1714 → 1715
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 1715. This table and charts use the earliest available data for each category.

## How to Calculate Inflation Rate for \$1, 1714 to 1715

Our calculations use the following inflation rate formula to calculate the change in value between 1714 and 1715:

CPI in 1714 CPI in 1715
×
1715 USD value
=
1714 USD value

Then plug in historical CPI values. The U.S. CPI was 4.4 in the year 1715 and 3.7 in 1714:

3.74.4
×
\$1
=
\$0.84

\$1 in 1715 has the same "purchasing power" or "buying power" as \$0.84 in 1714.

To get the total inflation rate for the 1 years between 1714 and 1715, we use the following formula:

CPI in 1714 - CPI in 1715CPI in 1715
×
100
=
Cumulative inflation rate (1 years)

Plugging in the values to this equation, we get:

3.7 - 4.44.4
×
100
=
-16%

## 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 1715 → 1714 | Inflation Calculator.” Official Inflation Data, Alioth Finance, 26 Oct. 2020, https://www.officialdata.org/us/inflation/1715?amount=1&endYear=1714.

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.