$1 in 1780 is worth $0.89 in 1779

Value of $1 from 1780 to 1779

$1 in 1780 is equivalent in purchasing power to about $0.89 in 1779. The dollar had an average inflation rate of 12.30% per year between 1779 and 1780, producing a cumulative price increase of -10.95%.

This means that prices in 1779 are 10.95% lower than average prices since 1780, according to the Bureau of Labor Statistics consumer price index.

The 1779 inflation rate was -11.59%. The inflation rate in 1780 was 12.30%. The 1780 inflation rate is higher compared to the average inflation rate of 1.24% per year between 1780 and 2021.


Inflation from 1780 to 1779
Average inflation rate 12.30%
Converted amount ($1 base) $0.89
Price difference ($1 base) $-0.11
CPI in 1780 13.700
CPI in 1779 12.200
Inflation in 1779 -11.59%
Inflation in 1780 12.30%
$1 in 1780 $0.89 in 1779

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

Inflation by Country

Inflation can also vary widely by country. For comparison, in the UK £1.00 in 1780 would be equivalent to £1.03 in 1779, an absolute change of £0.03 and a cumulative change of 3.17%.

Compare these numbers to the US's overall absolute change of $-0.11 and total percent change of -10.95%.


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 1780 and 1779.

Compare these values to the overall average of 12.30% per year:

Category Avg Inflation (%) Total Inflation (%) $1 in 1779 → 1780
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 1780. This table and charts use the earliest available data for each category.



How to Calculate Inflation Rate for $1, 1779 to 1780

Our calculations use the following inflation rate formula to calculate the change in value between 1779 and 1780:

CPI in 1779 CPI in 1780
×
1780 USD value
=
1779 USD value

Then plug in historical CPI values. The U.S. CPI was 13.7 in the year 1780 and 12.2 in 1779:

12.213.7
×
$1
=
$0.89

$1 in 1780 has the same "purchasing power" or "buying power" as $0.89 in 1779.

To get the total inflation rate for the 1 years between 1779 and 1780, we use the following formula:

CPI in 1779 - CPI in 1780CPI in 1780
×
100
=
Cumulative inflation rate (1 years)

Plugging in the values to this equation, we get:

12.2 - 13.713.7
×
100
=
-11%

News headlines from 1779

Politics and news often influence economic performance. Here's what was happening at the time:

  • The Danish national anthem, Kong Christian, is sung for the first time.
  • Pennsylvania abolishes slavery, for new born children.
  • British Gazette and Sunday Monitor become the first British Sunday newspaper
  • 1781 William Hershel, discovers Uranus, he originally thought it was a comet.
  • Forty-four Spanish speaking mestizos found the city of Los Angeles in the Bay of Smokes (Bahia de las Fumas)
  • General Cornwallis surrenders at Yorktown,,ending the United States Revolutionary War.

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 1780 → 1779 | Inflation Calculator.” Official Inflation Data, Alioth Finance, 14 Apr. 2021, https://www.officialdata.org/us/inflation/1780?amount=1&endYear=1779.

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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Inflation from 1780 to 1779
Average inflation rate 12.30%
Converted amount ($1 base) $0.89
Price difference ($1 base) $-0.11
CPI in 1780 13.700
CPI in 1779 12.200
Inflation in 1779 -11.59%
Inflation in 1780 12.30%
$1 in 1780 $0.89 in 1779