$1 in 1724 is worth $1.16 in 1725

Value of $1 from 1724 to 1725

$1 in 1724 is equivalent in purchasing power to about $1.16 in 1725. The dollar had an average inflation rate of 16.28% per year between 1724 and 1725, producing a cumulative price increase of 16.28%.

This means that prices in 1725 are 1.16 times as high as average prices since 1724, according to the Bureau of Labor Statistics consumer price index.

The inflation rate in 1724 was 2.38%. The inflation rate in 1725 was 16.28%. The 1725 inflation rate is higher compared to the average inflation rate of 1.39% per year between 1725 and 2024.


Inflation from 1724 to 1725
Average inflation rate16.28%
Converted amount
$1 base
$1.16
Price difference
$1 base
$0.16
CPI in 17244.300
CPI in 17255.000
Inflation in 17242.38%
Inflation in 172516.28%
$1 in 1724$1.16 in 1725

Recent USD inflation
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 1724 and 1725.

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

CategoryAvg Inflation (%)Total Inflation (%)$1 in 1724 → 1725
Food and beverages0.000.001.00
Housing0.000.001.00
Apparel0.000.001.00
Transportation0.000.001.00
Medical care0.000.001.00
Recreation0.000.001.00
Education and communication0.000.001.00
Other goods and services0.000.001.00

For all these visualizations, it's important to note that not all categories may have been tracked since 1724. 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 1725 CPI in 1724
×
1724 USD value
=
1725 USD value

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

54.3
×
$1
=
$1.16

$1 in 1724 has the same "purchasing power" or "buying power" as $1.16 in 1725.

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

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

Plugging in the values to this equation, we get:

5 - 4.34.3
×
100
=
16%

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: “$1 in 1724 → 1725 | Inflation Calculator.” Official Inflation Data, Alioth Finance, 26 Mar. 2024, https://www.officialdata.org/1724-dollars-in-1725?amount=1.

Special thanks to QuickChart for their chart image API, which is used for chart downloads.


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 1724 to 1725
Average inflation rate16.28%
Converted amount
$1 base
$1.16
Price difference
$1 base
$0.16
CPI in 17244.300
CPI in 17255.000
Inflation in 17242.38%
Inflation in 172516.28%
$1 in 1724$1.16 in 1725