# \$0.01 in 1787 is worth \$0.33 today

\$

## Value of \$0.01 from 1787 to 2023

\$0.01 in 1787 is equivalent in purchasing power to about \$0.33 today, an increase of \$0.32 over 236 years. The dollar had an average inflation rate of 1.49% per year between 1787 and today, producing a cumulative price increase of 3,201.35%.

This means that today's prices are 33.01 times as high as average prices since 1787, according to the Bureau of Labor Statistics consumer price index. A dollar today only buys 3.030% of what it could buy back then.

The inflation rate in 1787 was -2.11%. The current inflation rate compared to last year is now 3.67%. If this number holds, the rate of inflation is so negligible that \$0.01 today will roughly maintain its value. The current inflation rate page gives more detail on the latest inflation rates.

 Cumulative price change 3,201.35% Average inflation rate 1.49% Converted amount\$0.01 base \$0.33 Price difference\$0.01 base \$0.32 CPI in 1787 9.300 CPI in 2023 307.026 Inflation in 1787 -2.11% Inflation in 2023 3.67% \$0.01 in 1787 \$0.33 in 2023

USD inflation since 1787
Annual Rate, the Bureau of Labor Statistics CPI

## Buying power of \$0.01 in 1787

This chart shows a calculation of buying power equivalence for \$0.01 in 1787 (price index tracking began in 1635).

For example, if you started with \$0.01, you would need to end with \$0.33 in order to "adjust" for inflation (sometimes refered to as "beating inflation").

When \$0.01 is equivalent to \$0.33 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 1787 dollars, the chart below shows how \$0.01 is worth less over 236 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:

Dollar inflation: 1787-2023
YearDollar ValueInflation Rate
1787\$0.01-2.11%
1788\$0.01-4.30%
1789\$0.01-1.12%
1790\$0.014.55%
1791\$0.012.17%
1792\$0.012.13%
1793\$0.013.13%
1794\$0.0111.11%
1795\$0.0114.55%
1796\$0.014.76%
1797\$0.01-3.79%
1798\$0.01-3.15%
1799\$0.010.00%
1800\$0.012.44%
1801\$0.010.79%
1802\$0.01-15.75%
1803\$0.015.61%
1804\$0.014.42%
1805\$0.01-0.85%
1806\$0.014.27%
1807\$0.01-4.92%
1808\$0.018.62%
1809\$0.01-2.38%
1810\$0.010.00%
1811\$0.016.50%
1812\$0.011.53%
1813\$0.0220.30%
1814\$0.0210.00%
1815\$0.02-12.50%
1816\$0.02-8.44%
1817\$0.01-5.67%
1818\$0.01-4.51%
1819\$0.010.00%
1820\$0.01-7.87%
1821\$0.01-3.42%
1822\$0.013.54%
1823\$0.01-10.26%
1824\$0.01-7.62%
1825\$0.012.06%
1826\$0.010.00%
1827\$0.011.01%
1828\$0.01-5.00%
1829\$0.01-2.11%
1830\$0.01-1.08%
1831\$0.01-5.43%
1832\$0.01-1.15%
1833\$0.01-2.33%
1834\$0.012.38%
1835\$0.012.33%
1836\$0.015.68%
1837\$0.013.23%
1838\$0.01-3.12%
1839\$0.010.00%
1840\$0.01-6.45%
1841\$0.010.00%
1842\$0.01-5.75%
1843\$0.01-9.76%
1844\$0.011.35%
1845\$0.011.33%
1846\$0.011.32%
1847\$0.016.49%
1848\$0.01-3.66%
1849\$0.01-2.53%
1850\$0.011.30%
1851\$0.01-1.28%
1852\$0.010.00%
1853\$0.010.00%
1854\$0.019.09%
1855\$0.013.57%
1856\$0.01-2.30%
1857\$0.012.35%
1858\$0.01-5.75%
1859\$0.011.22%
1860\$0.010.00%
1861\$0.016.02%
1862\$0.0114.77%
1863\$0.0124.75%
1864\$0.0224.60%
1865\$0.023.82%
1866\$0.02-2.45%
1867\$0.02-6.92%
1868\$0.02-4.05%
1869\$0.01-4.23%
1870\$0.01-3.68%
1871\$0.01-6.87%
1872\$0.010.00%
1873\$0.01-1.64%
1874\$0.01-5.00%
1875\$0.01-3.51%
1876\$0.01-2.73%
1877\$0.01-1.87%
1878\$0.01-4.76%
1879\$0.010.00%
1880\$0.012.00%
1881\$0.010.00%
1882\$0.010.00%
1883\$0.01-0.98%
1884\$0.01-2.97%
1885\$0.01-1.02%
1886\$0.01-3.09%
1887\$0.011.06%
1888\$0.010.00%
1889\$0.01-3.16%
1890\$0.01-1.09%
1891\$0.010.00%
1892\$0.010.00%
1893\$0.01-1.10%
1894\$0.01-4.44%
1895\$0.01-2.33%
1896\$0.010.00%
1897\$0.01-1.19%
1898\$0.010.00%
1899\$0.010.00%
1900\$0.011.20%
1901\$0.011.19%
1902\$0.011.18%
1903\$0.012.33%
1904\$0.011.14%
1905\$0.01-1.12%
1906\$0.012.27%
1907\$0.014.44%
1908\$0.01-2.13%
1909\$0.01-1.09%
1910\$0.014.40%
1911\$0.010.00%
1912\$0.012.11%
1913\$0.012.06%
1914\$0.011.01%
1915\$0.011.00%
1916\$0.017.92%
1917\$0.0117.43%
1918\$0.0217.97%
1919\$0.0214.57%
1920\$0.0215.61%
1921\$0.02-10.50%
1922\$0.02-6.15%
1923\$0.021.79%
1924\$0.020.00%
1925\$0.022.34%
1926\$0.021.14%
1927\$0.02-1.69%
1928\$0.02-1.72%
1929\$0.020.00%
1930\$0.02-2.34%
1931\$0.02-8.98%
1932\$0.01-9.87%
1933\$0.01-5.11%
1934\$0.013.08%
1935\$0.012.24%
1936\$0.011.46%
1937\$0.023.60%
1938\$0.02-2.08%
1939\$0.01-1.42%
1940\$0.020.72%
1941\$0.025.00%
1942\$0.0210.88%
1943\$0.026.13%
1944\$0.021.73%
1945\$0.022.27%
1946\$0.028.33%
1947\$0.0214.36%
1948\$0.038.07%
1949\$0.03-1.24%
1950\$0.031.26%
1951\$0.037.88%
1952\$0.031.92%
1953\$0.030.75%
1954\$0.030.75%
1955\$0.03-0.37%
1956\$0.031.49%
1957\$0.033.31%
1958\$0.032.85%
1959\$0.030.69%
1960\$0.031.72%
1961\$0.031.01%
1962\$0.031.00%
1963\$0.031.32%
1964\$0.031.31%
1965\$0.031.61%
1966\$0.032.86%
1967\$0.043.09%
1968\$0.044.19%
1969\$0.045.46%
1970\$0.045.72%
1971\$0.044.38%
1972\$0.043.21%
1973\$0.056.22%
1974\$0.0511.04%
1975\$0.069.13%
1976\$0.065.76%
1977\$0.076.50%
1978\$0.077.59%
1979\$0.0811.35%
1980\$0.0913.50%
1981\$0.1010.32%
1982\$0.106.16%
1983\$0.113.21%
1984\$0.114.32%
1985\$0.123.56%
1986\$0.121.86%
1987\$0.123.65%
1988\$0.134.14%
1989\$0.134.82%
1990\$0.145.40%
1991\$0.154.21%
1992\$0.153.01%
1993\$0.162.99%
1994\$0.162.56%
1995\$0.162.83%
1996\$0.172.95%
1997\$0.172.29%
1998\$0.181.56%
1999\$0.182.21%
2000\$0.193.36%
2001\$0.192.85%
2002\$0.191.58%
2003\$0.202.28%
2004\$0.202.66%
2005\$0.213.39%
2006\$0.223.23%
2007\$0.222.85%
2008\$0.233.84%
2009\$0.23-0.36%
2010\$0.231.64%
2011\$0.243.16%
2012\$0.252.07%
2013\$0.251.46%
2014\$0.251.62%
2015\$0.250.12%
2016\$0.261.26%
2017\$0.262.13%
2018\$0.272.49%
2019\$0.271.76%
2020\$0.281.23%
2021\$0.294.70%
2022\$0.318.00%
2023\$0.334.91%*
* Compared to previous annual rate. Not final. See inflation summary for latest 12-month trailing value.
Click to show 230 more rows

This conversion table shows various other 1787 amounts in today's dollars, based on the 3,201.35% change in prices:

Conversion: 1787 dollars today
Initial valueEquivalent value
\$1 dollar in 1787\$33.01 dollars today
\$5 dollars in 1787\$165.07 dollars today
\$10 dollars in 1787\$330.14 dollars today
\$50 dollars in 1787\$1,650.68 dollars today
\$100 dollars in 1787\$3,301.35 dollars today
\$500 dollars in 1787\$16,506.77 dollars today
\$1,000 dollars in 1787\$33,013.55 dollars today
\$5,000 dollars in 1787\$165,067.74 dollars today
\$10,000 dollars in 1787\$330,135.48 dollars today
\$50,000 dollars in 1787\$1,650,677.42 dollars today
\$100,000 dollars in 1787\$3,301,354.84 dollars today
\$500,000 dollars in 1787\$16,506,774.19 dollars today
\$1,000,000 dollars in 1787\$33,013,548.39 dollars today

## Inflation by Country

Inflation can also vary widely by country. For comparison, in the UK £0.01 in 1787 would be equivalent to £2.01 in 2023, an absolute change of £2.00 and a cumulative change of 19,993.77%.

Compare these numbers to the US's overall absolute change of \$0.32 and total percent change of 3,201.35%.

## 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 1787 and 2023.

Compare these values to the overall average of 1.49% per year:

CategoryAvg Inflation (%)Total Inflation (%)\$0.01 in 1787 → 2023
Food and beverages4.031,114,940.03111.50
Housing4.261,878,321.04187.84
Apparel2.0010,485.311.06
Transportation3.39259,549.9325.96
Medical care4.634,369,532.56436.96
Recreation1.362,295.960.24
Education and communication1.786,376.850.65
Other goods and services4.989,560,761.01956.09

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 1787. This table and charts use the earliest available data for each category.

## How to calculate inflation rate for \$0.01 since 1787

Our calculations use the following inflation rate formula to calculate the change in value between 1787 and today:

CPI today CPI in 1787
×
1787 USD value
=
Today's value

Then plug in historical CPI values. The U.S. CPI was 9.3 in the year 1787 and 307.026 in 2023:

307.0269.3
×
\$0.01
=
\$0.33

\$0.01 in 1787 has the same "purchasing power" or "buying power" as \$0.33 in 2023.

To get the total inflation rate for the 236 years between 1787 and 2023, we use the following formula:

CPI in 2023 - CPI in 1787CPI in 1787
×
100
=
Cumulative inflation rate (236 years)

Plugging in the values to this equation, we get:

307.026 - 9.39.3
×
100
=
3,201%

## Data source & citation

Raw data for these calculations comes from the Bureau of Labor Statistics' (CPI), established in 1913. Price index data from 1774 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. Price index data from 1634 to 1773 is from the American Antiquarian Society, using British pound equivalents.

You may use the following MLA citation for this page: “\$0.01 in 1787 → 2023 | Inflation Calculator.” Official Inflation Data, Alioth Finance, 23 Sep. 2023, https://www.officialdata.org/us/inflation/1787?amount=0.01.

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.