# \$1 in 1770 → \$1.68 in 1778

## Inflation Calculator

\$

### U.S. Inflation Rate, \$1 from 1770 to 1778

According to the Bureau of Labor Statistics consumer price index, prices in 1778 are 68.29% higher than average prices since 1770. The U.S. dollar experienced an average inflation rate of 6.72% per year during this period, meaning the real value of a dollar decreased.

In other words, \$1 in 1770 is equivalent in purchasing power to about \$1.68 in 1778, a difference of \$0.68 over 8 years.

The 1770 inflation rate was 7.89%. The inflation rate in 1778 was 30.19%. The 1778 inflation rate is higher compared to the average inflation rate of 1.22% per year between 1778 and 2020.

 Cumulative price change 68.29% Average inflation rate 6.72% Converted amount (\$1 base) \$1.68 Price difference (\$1 base) \$0.68 CPI in 1770 8.200 CPI in 1778 13.800 Inflation in 1770 7.89% Inflation in 1778 30.19%

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

### Buying power of \$1 in 1770

This chart shows a calculation of buying power equivalence for \$1 in 1770 (price index tracking began in 1635).

For example, if you started with \$1, you would need to end with \$1.68 in order to "adjust" for inflation (sometimes refered to as "beating inflation").

When \$1 is equivalent to \$1.68 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 1770 dollars, the chart below shows how \$1 buys less over the past 8 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:

Year Dollar Value Inflation Rate
1770 \$1.00 7.89%
1771 \$0.95 -4.88%
1772 \$1.11 16.67%
1773 \$1.05 -5.49%
1774 \$0.99 -5.81%
1775 \$0.94 -4.94%
1776 \$1.06 12.99%
1777 \$1.29 21.84%
1778 \$1.68 30.19%
1779 \$1.49 -11.59%
1780 \$1.67 12.30%
1781 \$1.35 -18.98%
1782 \$1.48 9.01%
1783 \$1.29 -12.40%
1784 \$1.24 -3.77%
1785 \$1.18 -4.90%
1786 \$1.16 -2.06%
1787 \$1.13 -2.11%
1788 \$1.09 -4.30%
1789 \$1.07 -1.12%
1790 \$1.12 4.55%
1791 \$1.15 2.17%
1792 \$1.17 2.13%
1793 \$1.21 3.13%
1794 \$1.34 11.11%
1795 \$1.54 14.55%
1796 \$1.61 4.76%
1797 \$1.55 -3.79%
1798 \$1.50 -3.15%
1799 \$1.50 0.00%
1800 \$1.54 2.44%
1801 \$1.55 0.79%
1802 \$1.30 -15.75%
1803 \$1.38 5.61%
1804 \$1.44 4.42%
1805 \$1.43 -0.85%
1806 \$1.49 4.27%
1807 \$1.41 -4.92%
1808 \$1.54 8.62%
1809 \$1.50 -2.38%
1810 \$1.50 0.00%
1811 \$1.60 6.50%
1812 \$1.62 1.53%
1813 \$1.95 20.30%
1814 \$2.15 10.00%
1815 \$1.88 -12.50%
1816 \$1.72 -8.44%
1817 \$1.62 -5.67%
1818 \$1.55 -4.51%
1819 \$1.55 0.00%
1820 \$1.43 -7.87%
1821 \$1.38 -3.42%
1822 \$1.43 3.54%
1823 \$1.28 -10.26%
1824 \$1.18 -7.62%
1825 \$1.21 2.06%
1826 \$1.21 0.00%
1827 \$1.22 1.01%
1828 \$1.16 -5.00%
1829 \$1.13 -2.11%
1830 \$1.12 -1.08%
1831 \$1.06 -5.43%
1832 \$1.05 -1.15%
1833 \$1.02 -2.33%
1834 \$1.05 2.38%
1835 \$1.07 2.33%
1836 \$1.13 5.68%
1837 \$1.17 3.23%
1838 \$1.13 -3.12%
1839 \$1.13 0.00%
1840 \$1.06 -6.45%
1841 \$1.06 0.00%
1842 \$1.00 -5.75%
1843 \$0.90 -9.76%
1844 \$0.91 1.35%
1845 \$0.93 1.33%
1846 \$0.94 1.32%
1847 \$1.00 6.49%
1848 \$0.96 -3.66%
1849 \$0.94 -2.53%
1850 \$0.95 1.30%
1851 \$0.94 -1.28%
1852 \$0.94 0.00%
1853 \$0.94 0.00%
1854 \$1.02 9.09%
1855 \$1.06 3.57%
1856 \$1.04 -2.30%
1857 \$1.06 2.35%
1858 \$1.00 -5.75%
1859 \$1.01 1.22%
1860 \$1.01 0.00%
1861 \$1.07 6.02%
1862 \$1.23 14.77%
1863 \$1.54 24.75%
1864 \$1.91 24.60%
1865 \$1.99 3.82%
1866 \$1.94 -2.45%
1867 \$1.80 -6.92%
1868 \$1.73 -4.05%
1869 \$1.66 -4.23%
1870 \$1.60 -3.68%
1871 \$1.49 -6.87%
1872 \$1.49 0.00%
1873 \$1.46 -1.64%
1874 \$1.39 -5.00%
1875 \$1.34 -3.51%
1876 \$1.30 -2.73%
1877 \$1.28 -1.87%
1878 \$1.22 -4.76%
1879 \$1.22 0.00%
1880 \$1.24 2.00%
1881 \$1.24 0.00%
1882 \$1.24 0.00%
1883 \$1.23 -0.98%
1884 \$1.20 -2.97%
1885 \$1.18 -1.02%
1886 \$1.15 -3.09%
1887 \$1.16 1.06%
1888 \$1.16 0.00%
1889 \$1.12 -3.16%
1890 \$1.11 -1.09%
1891 \$1.11 0.00%
1892 \$1.11 0.00%
1893 \$1.10 -1.10%
1894 \$1.05 -4.44%
1895 \$1.02 -2.33%
1896 \$1.02 0.00%
1897 \$1.01 -1.19%
1898 \$1.01 0.00%
1899 \$1.01 0.00%
1900 \$1.02 1.20%
1901 \$1.04 1.19%
1902 \$1.05 1.18%
1903 \$1.07 2.33%
1904 \$1.09 1.14%
1905 \$1.07 -1.12%
1906 \$1.10 2.27%
1907 \$1.15 4.44%
1908 \$1.12 -2.13%
1909 \$1.11 -1.09%
1910 \$1.16 4.40%
1911 \$1.16 0.00%
1912 \$1.18 2.11%
1913 \$1.21 2.06%
1914 \$1.22 1.01%
1915 \$1.23 1.00%
1916 \$1.33 7.92%
1917 \$1.56 17.43%
1918 \$1.84 17.97%
1919 \$2.11 14.57%
1920 \$2.44 15.61%
1921 \$2.18 -10.50%
1922 \$2.05 -6.15%
1923 \$2.09 1.79%
1924 \$2.09 0.00%
1925 \$2.13 2.34%
1926 \$2.16 1.14%
1927 \$2.12 -1.69%
1928 \$2.09 -1.72%
1929 \$2.09 0.00%
1930 \$2.04 -2.34%
1931 \$1.85 -8.98%
1932 \$1.67 -9.87%
1933 \$1.59 -5.11%
1934 \$1.63 3.08%
1935 \$1.67 2.24%
1936 \$1.70 1.46%
1937 \$1.76 3.60%
1938 \$1.72 -2.08%
1939 \$1.70 -1.42%
1940 \$1.71 0.72%
1941 \$1.79 5.00%
1942 \$1.99 10.88%
1943 \$2.11 6.13%
1944 \$2.15 1.73%
1945 \$2.20 2.27%
1946 \$2.38 8.33%
1947 \$2.72 14.36%
1948 \$2.94 8.07%
1949 \$2.90 -1.24%
1950 \$2.94 1.26%
1951 \$3.17 7.88%
1952 \$3.23 1.92%
1953 \$3.26 0.75%
1954 \$3.28 0.75%
1955 \$3.27 -0.37%
1956 \$3.32 1.49%
1957 \$3.43 3.31%
1958 \$3.52 2.85%
1959 \$3.55 0.69%
1960 \$3.61 1.72%
1961 \$3.65 1.01%
1962 \$3.68 1.00%
1963 \$3.73 1.32%
1964 \$3.78 1.31%
1965 \$3.84 1.61%
1966 \$3.95 2.86%
1967 \$4.07 3.09%
1968 \$4.24 4.19%
1969 \$4.48 5.46%
1970 \$4.73 5.72%
1971 \$4.94 4.38%
1972 \$5.10 3.21%
1973 \$5.41 6.22%
1974 \$6.01 11.04%
1975 \$6.56 9.13%
1976 \$6.94 5.76%
1977 \$7.39 6.50%
1978 \$7.95 7.59%
1979 \$8.85 11.35%
1980 \$10.05 13.50%
1981 \$11.09 10.32%
1982 \$11.77 6.16%
1983 \$12.15 3.21%
1984 \$12.67 4.32%
1985 \$13.12 3.56%
1986 \$13.37 1.86%
1987 \$13.85 3.65%
1988 \$14.43 4.14%
1989 \$15.12 4.82%
1990 \$15.94 5.40%
1991 \$16.61 4.21%
1992 \$17.11 3.01%
1993 \$17.62 2.99%
1994 \$18.07 2.56%
1995 \$18.59 2.83%
1996 \$19.13 2.95%
1997 \$19.57 2.29%
1998 \$19.88 1.56%
1999 \$20.32 2.21%
2000 \$21.00 3.36%
2001 \$21.60 2.85%
2002 \$21.94 1.58%
2003 \$22.44 2.28%
2004 \$23.04 2.66%
2005 \$23.82 3.39%
2006 \$24.59 3.23%
2007 \$25.29 2.85%
2008 \$26.26 3.84%
2009 \$26.16 -0.36%
2010 \$26.59 1.64%
2011 \$27.43 3.16%
2012 \$28.00 2.07%
2013 \$28.41 1.46%
2014 \$28.87 1.62%
2015 \$28.90 0.12%
2016 \$29.27 1.26%
2017 \$29.89 2.13%
2018 \$30.64 2.49%
2019 \$31.18 1.76%
2020 \$31.55 1.18%*
* Compared to previous annual rate. Not final. See inflation summary for latest 12-month trailing value.

### Inflation by Country

Inflation can also vary widely by country. For comparison, in the UK £1.00 in 1770 would be equivalent to £1.15 in 1778, an absolute change of £0.15 and a cumulative change of 14.52%.

Compare these numbers to the US's overall absolute change of \$0.68 and total percent change of 68.29%.

### Inflation by Spending Category

CPI is the weighted combination of many categories of spending that are tracked by the government. This chart shows the average rate of inflation for select CPI categories between 1770 and 1778.

Compare these values to the overall average of 6.72% per year:

Category Avg Inflation (%) Total Inflation (%) \$1 in 1770 → 1778
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 1770. This table and charts use the earliest available data for each category.

### How to Calculate Inflation Rate for \$1, 1770 to 1778

This inflation calculator uses the following inflation rate formula:

CPI in 1778CPI in 1770
×
1770 USD value
=
1778 USD value

Then plug in historical CPI values. The U.S. CPI was 8.2 in the year 1770 and 13.8 in 1778:

13.88.2
×
\$1
=
\$1.68

\$1 in 1770 has the same "purchasing power" or "buying power" as \$1.68 in 1778.

To get the total inflation rate for the 8 years between 1770 and 1778, we use the following formula:

CPI in 1778 - CPI in 1770CPI in 1770
×
100
=
Cumulative inflation rate (8 years)

Plugging in the values to this equation, we get:

13.8 - 8.28.2
×
100
=
68%

### 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 1770 → 1778 | Inflation Calculator.” Official Inflation Data, Alioth Finance, 30 Mar. 2020, https://www.officialdata.org/us/inflation/1770?amount=1&endYear=1778.