# \$1 in 1720 is worth \$0.90 in 1734

\$

## Value of \$1 from 1720 to 1734

\$1 in 1720 is equivalent in purchasing power to about \$0.90 in 1734, a difference of \$-0.10 over 14 years. The dollar had an average deflation rate of -0.71% per year since 1720, producing a cumulative price change of -9.52%.

This means that prices in 1734 are 9.52% lower than average prices since 1720, according to the Bureau of Labor Statistics consumer price index.

The inflation rate in 1720 was -6.67%. The inflation rate in 1734 was -2.56%. The 1734 inflation rate is lower compared to the average inflation rate of 1.52% per year between 1734 and 2022.

 Cumulative price change -9.52% Average inflation rate -0.71% Converted amount (\$1 base) \$0.90 Price difference (\$1 base) \$-0.10 CPI in 1720 4.200 CPI in 1734 3.800 Inflation in 1720 -6.67% Inflation in 1734 -2.56% \$1 in 1720 \$0.90 in 1734

USD inflation since 1720
Annual Rate, the Bureau of Labor Statistics CPI

## Buying power of \$1 in 1720

This chart shows a calculation of buying power equivalence for \$1 in 1720 (price index tracking began in 1635).

For example, if you started with \$1, you would need to end with \$0.90 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: 1720-1734
Year Dollar Value Inflation Rate
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 \$61.62 1.23%
2021 \$64.52 4.70%
2022 \$68.84 6.69%*
* Compared to previous annual rate. Not final. See inflation summary for latest 12-month trailing value.
Click to show 8 more rows

This conversion table shows various other 1720 amounts in 1734 dollars, based on the -9.52% change in prices:

Conversion: 1720 dollars in 1734
Initial value Equivalent value
\$1 dollar in 1720 \$0.90 dollars in 1734
\$5 dollars in 1720 \$4.52 dollars in 1734
\$10 dollars in 1720 \$9.05 dollars in 1734
\$50 dollars in 1720 \$45.24 dollars in 1734
\$100 dollars in 1720 \$90.48 dollars in 1734
\$500 dollars in 1720 \$452.38 dollars in 1734
\$1,000 dollars in 1720 \$904.76 dollars in 1734
\$5,000 dollars in 1720 \$4,523.81 dollars in 1734
\$10,000 dollars in 1720 \$9,047.62 dollars in 1734
\$50,000 dollars in 1720 \$45,238.10 dollars in 1734
\$100,000 dollars in 1720 \$90,476.19 dollars in 1734
\$500,000 dollars in 1720 \$452,380.95 dollars in 1734
\$1,000,000 dollars in 1720 \$904,761.90 dollars in 1734

## 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 1720 and 1734.

Compare these values to the overall average of -0.71% per year:

Category Avg Inflation (%) Total Inflation (%) \$1 in 1720 → 1734
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 1720. This table and charts use the earliest available data for each category.

## How to calculate inflation rate for \$1, 1720 to 1734

Our calculations use the following inflation rate formula to calculate the change in value between 1720 and 1734:

CPI in 1734 CPI in 1720
×
1720 USD value
=
1734 USD value

Then plug in historical CPI values. The U.S. CPI was 4.2 in the year 1720 and 3.8 in 1734:

3.84.2
×
\$1
=
\$0.90

\$1 in 1720 has the same "purchasing power" or "buying power" as \$0.90 in 1734.

To get the total inflation rate for the 14 years between 1720 and 1734, we use the following formula:

CPI in 1734 - CPI in 1720CPI in 1720
×
100
=
Cumulative inflation rate (14 years)

Plugging in the values to this equation, we get:

3.8 - 4.24.2
×
100
=
-10%

## 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 1720 → 1734 | Inflation Calculator.” Official Inflation Data, Alioth Finance, 21 May. 2022, https://www.officialdata.org/us/inflation/1720?amount=1&endYear=1734.

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.