$1 in 1724 is worth $0.86 in 1724

Value of $1 from 1725 to 1724

According to the Bureau of Labor Statistics consumer price index, prices in 1724 are 14% lower than average prices since 1725. The U.S. dollar experienced an average inflation rate of 16.28% per year during this period, causing the real value of a dollar to decrease.

In other words, $1 in 1725 is equivalent in purchasing power to about $0.86 in 1724.

The 1724 inflation rate was 2.38%. The inflation rate in 1725 was 16.28%. The 1725 inflation rate is higher compared to the average inflation rate of 1.34% per year between 1725 and 2020.


Inflation from 1725 to 1724
Average inflation rate 16.28%
Converted amount ($1 base) $0.86
Price difference ($1 base) $-0.14
CPI in 1725 5.000
CPI in 1724 4.300
Inflation in 1724 2.38%
Inflation in 1725 16.28%

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

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 1725 and 1724.

Compare these values to the overall average of 16.28% per year:

Category Avg Inflation (%) Total Inflation (%) $1 in 1724 → 1725
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 1725. This table and charts use the earliest available data for each category.



How to Calculate Inflation Rate for $1, 1724 to 1725

Our calculations use the following inflation rate formula to calculate the change in value between 1724 and 1725:

CPI in 1724 CPI in 1725
×
1725 USD value
=
1724 USD value

Then plug in historical CPI values. The U.S. CPI was 5 in the year 1725 and 4.3 in 1724:

4.35
×
$1
=
$0.86

$1 in 1725 has the same "purchasing power" or "buying power" as $0.86 in 1724.

To get the total inflation rate for the 1 years between 1724 and 1725, we use the following formula:

CPI in 1724 - CPI in 1725CPI in 1725
×
100
=
Cumulative inflation rate (1 years)

Plugging in the values to this equation, we get:

4.3 - 55
×
100
=
-14%

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 1725 → 1724 | Inflation Calculator.” Official Inflation Data, Alioth Finance, 31 May. 2020, https://www.officialdata.org/us/inflation/1725?amount=1&endYear=1724.

Special thanks to QuickChart for providing downloadable chart images.

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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Inflation from 1725 to 1724
Average inflation rate 16.28%
Converted amount ($1 base) $0.86
Price difference ($1 base) $-0.14
CPI in 1725 5.000
CPI in 1724 4.300
Inflation in 1724 2.38%
Inflation in 1725 16.28%