$1 in 1776 → $29.58 in 2019

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$1 in 1776 → $29.58 in 2019

U.S. Inflation Rate, $1 in 1776 to 2019

According to the Bureau of Labor Statistics consumer price index, today's prices in 2019 are 2,858.00% higher than average prices throughout 1776. The dollar experienced an average inflation rate of 1.40% per year during this period, meaning the real value of a dollar decreased.

In other words, $1 in 1776 is equivalent in purchasing power to about $29.58 in 2019, a difference of $28.58 over 243 years.

The 1776 inflation rate was 12.99%. The current inflation rate (2018 to 2019) is now 1.76%1. If this number holds, $1 today will be equivalent in buying power to $1.02 next year. The current inflation rate page gives more detail on the latest official inflation rates.


Inflation from 1776 to 2019
Cumulative price change 2,858.00%
Average inflation rate 1.40%
Converted amount ($1 base) $29.58
Price difference ($1 base) $28.58
CPI in 1776 8.700
CPI in 2019 257.346
Inflation in 1776 12.99%
Inflation in 2019 1.76%

U.S. inflation chart since 1665


Buying power of $1 in 1776

This chart shows calculation of buying power equivalence, often referred to as "the value of a dollar" over time for $1 in 1776 (price index tracking began in 1635).

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
1776 $1.00 12.99%
1777 $1.22 21.84%
1778 $1.59 30.19%
1779 $1.40 -11.59%
1780 $1.57 12.30%
1781 $1.28 -18.98%
1782 $1.39 9.01%
1783 $1.22 -12.40%
1784 $1.17 -3.77%
1785 $1.11 -4.90%
1786 $1.09 -2.06%
1787 $1.07 -2.11%
1788 $1.02 -4.30%
1789 $1.01 -1.12%
1790 $1.06 4.55%
1791 $1.08 2.17%
1792 $1.10 2.13%
1793 $1.14 3.13%
1794 $1.26 11.11%
1795 $1.45 14.55%
1796 $1.52 4.76%
1797 $1.46 -3.79%
1798 $1.41 -3.15%
1799 $1.41 0.00%
1800 $1.45 2.44%
1801 $1.46 0.79%
1802 $1.23 -15.75%
1803 $1.30 5.61%
1804 $1.36 4.42%
1805 $1.34 -0.85%
1806 $1.40 4.27%
1807 $1.33 -4.92%
1808 $1.45 8.62%
1809 $1.41 -2.38%
1810 $1.41 0.00%
1811 $1.51 6.50%
1812 $1.53 1.53%
1813 $1.84 20.30%
1814 $2.02 10.00%
1815 $1.77 -12.50%
1816 $1.62 -8.44%
1817 $1.53 -5.67%
1818 $1.46 -4.51%
1819 $1.46 0.00%
1820 $1.34 -7.87%
1821 $1.30 -3.42%
1822 $1.34 3.54%
1823 $1.21 -10.26%
1824 $1.11 -7.62%
1825 $1.14 2.06%
1826 $1.14 0.00%
1827 $1.15 1.01%
1828 $1.09 -5.00%
1829 $1.07 -2.11%
1830 $1.06 -1.08%
1831 $1.00 -5.43%
1832 $0.99 -1.15%
1833 $0.97 -2.33%
1834 $0.99 2.38%
1835 $1.01 2.33%
1836 $1.07 5.68%
1837 $1.10 3.23%
1838 $1.07 -3.12%
1839 $1.07 0.00%
1840 $1.00 -6.45%
1841 $1.00 0.00%
1842 $0.94 -5.75%
1843 $0.85 -9.76%
1844 $0.86 1.35%
1845 $0.87 1.33%
1846 $0.89 1.32%
1847 $0.94 6.49%
1848 $0.91 -3.66%
1849 $0.89 -2.53%
1850 $0.90 1.30%
1851 $0.89 -1.28%
1852 $0.89 0.00%
1853 $0.89 0.00%
1854 $0.97 9.09%
1855 $1.00 3.57%
1856 $0.98 -2.30%
1857 $1.00 2.35%
1858 $0.94 -5.75%
1859 $0.95 1.22%
1860 $0.95 0.00%
1861 $1.01 6.02%
1862 $1.16 14.77%
1863 $1.45 24.75%
1864 $1.80 24.60%
1865 $1.87 3.82%
1866 $1.83 -2.45%
1867 $1.70 -6.92%
1868 $1.63 -4.05%
1869 $1.56 -4.23%
1870 $1.51 -3.68%
1871 $1.40 -6.87%
1872 $1.40 0.00%
1873 $1.38 -1.64%
1874 $1.31 -5.00%
1875 $1.26 -3.51%
1876 $1.23 -2.73%
1877 $1.21 -1.87%
1878 $1.15 -4.76%
1879 $1.15 0.00%
1880 $1.17 2.00%
1881 $1.17 0.00%
1882 $1.17 0.00%
1883 $1.16 -0.98%
1884 $1.13 -2.97%
1885 $1.11 -1.02%
1886 $1.08 -3.09%
1887 $1.09 1.06%
1888 $1.09 0.00%
1889 $1.06 -3.16%
1890 $1.05 -1.09%
1891 $1.05 0.00%
1892 $1.05 0.00%
1893 $1.03 -1.10%
1894 $0.99 -4.44%
1895 $0.97 -2.33%
1896 $0.97 0.00%
1897 $0.95 -1.19%
1898 $0.95 0.00%
1899 $0.95 0.00%
1900 $0.97 1.20%
1901 $0.98 1.19%
1902 $0.99 1.18%
1903 $1.01 2.33%
1904 $1.02 1.14%
1905 $1.01 -1.12%
1906 $1.03 2.27%
1907 $1.08 4.44%
1908 $1.06 -2.13%
1909 $1.05 -1.09%
1910 $1.09 4.40%
1911 $1.09 0.00%
1912 $1.11 2.11%
1913 $1.14 2.06%
1914 $1.15 1.01%
1915 $1.16 1.00%
1916 $1.25 7.92%
1917 $1.47 17.43%
1918 $1.74 17.97%
1919 $1.99 14.57%
1920 $2.30 15.61%
1921 $2.06 -10.50%
1922 $1.93 -6.15%
1923 $1.97 1.79%
1924 $1.97 0.00%
1925 $2.01 2.34%
1926 $2.03 1.14%
1927 $2.00 -1.69%
1928 $1.97 -1.72%
1929 $1.97 0.00%
1930 $1.92 -2.34%
1931 $1.75 -8.98%
1932 $1.57 -9.87%
1933 $1.49 -5.11%
1934 $1.54 3.08%
1935 $1.57 2.24%
1936 $1.60 1.46%
1937 $1.66 3.60%
1938 $1.62 -2.08%
1939 $1.60 -1.42%
1940 $1.61 0.72%
1941 $1.69 5.00%
1942 $1.87 10.88%
1943 $1.99 6.13%
1944 $2.02 1.73%
1945 $2.07 2.27%
1946 $2.24 8.33%
1947 $2.56 14.36%
1948 $2.77 8.07%
1949 $2.74 -1.24%
1950 $2.77 1.26%
1951 $2.99 7.88%
1952 $3.05 1.92%
1953 $3.07 0.75%
1954 $3.09 0.75%
1955 $3.08 -0.37%
1956 $3.13 1.49%
1957 $3.23 3.31%
1958 $3.32 2.85%
1959 $3.34 0.69%
1960 $3.40 1.72%
1961 $3.44 1.01%
1962 $3.47 1.00%
1963 $3.52 1.32%
1964 $3.56 1.31%
1965 $3.62 1.61%
1966 $3.72 2.86%
1967 $3.84 3.09%
1968 $4.00 4.19%
1969 $4.22 5.46%
1970 $4.46 5.72%
1971 $4.66 4.38%
1972 $4.80 3.21%
1973 $5.10 6.22%
1974 $5.67 11.04%
1975 $6.18 9.13%
1976 $6.54 5.76%
1977 $6.97 6.50%
1978 $7.49 7.59%
1979 $8.34 11.35%
1980 $9.47 13.50%
1981 $10.45 10.32%
1982 $11.09 6.16%
1983 $11.45 3.21%
1984 $11.94 4.32%
1985 $12.37 3.56%
1986 $12.60 1.86%
1987 $13.06 3.65%
1988 $13.60 4.14%
1989 $14.25 4.82%
1990 $15.02 5.40%
1991 $15.66 4.21%
1992 $16.13 3.01%
1993 $16.61 2.99%
1994 $17.03 2.56%
1995 $17.52 2.83%
1996 $18.03 2.95%
1997 $18.45 2.29%
1998 $18.74 1.56%
1999 $19.15 2.21%
2000 $19.79 3.36%
2001 $20.36 2.85%
2002 $20.68 1.58%
2003 $21.15 2.28%
2004 $21.71 2.66%
2005 $22.45 3.39%
2006 $23.17 3.23%
2007 $23.83 2.85%
2008 $24.75 3.84%
2009 $24.66 -0.36%
2010 $25.06 1.64%
2011 $25.86 3.16%
2012 $26.39 2.07%
2013 $26.78 1.46%
2014 $27.21 1.62%
2015 $27.24 0.12%
2016 $27.59 1.26%
2017 $28.17 2.13%
2018 $28.86 2.44%
2019 $29.58 2.48%*
* Compared to previous annual rate. Not final. See inflation summary for latest 12-month trailing value.
Click to show 237 more rows

Inflation by Country

Inflation can also vary widely by country. For comparison, in the UK £1.00 in 1776 would be equivalent to £162.52 in 2019, an absolute change of £161.52 and a cumulative change of 16,152.49%.

Compare these numbers to the US's overall absolute change of $28.58 and total percent change of 2,858.00%.


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 1776 and 2019.

Compare these values to the overall average of 1.40% per year:

Category Avg Inflation (%) Total Inflation (%) $1 in 1776 → 2019
Food 3.12 175,269.53 1,753.70
Shelter 4.09 1,709,573.68 17,096.74
Energy 3.78 824,686.98 8,247.87
Apparel 2.02 12,926.26 130.26
New vehicles 1.04 1,140.18 12.40
Used cars and trucks 0.62 351.88 4.52
Transportation services 4.03 1,462,869.54 14,629.70
Medical care services 5.09 17,166,518.46 171,666.18
Medical care commodities 3.00 132,399.85 1,325.00

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 1776. This table and charts use the earliest available data for each category.



How to Calculate Inflation Rate for $1 since 1776

This inflation calculator uses the following inflation rate formula:

CPI in 2019CPI in 1776
×
1776 USD value
=
2019 USD value

Then plug in historical CPI values. The U.S. CPI was 8.7 in the year 1776 and 257.346 in 2019:

257.3468.7
×
$1
=
$29.58

$1 in 1776 has the same "purchasing power" or "buying power" as $29.58 in 2019.

To get the total inflation rate for the 243 years between 1776 and 2019, we use the following formula:

CPI in 2019 - CPI in 1776CPI in 1776
×
100
=
Cumulative inflation rate (243 years)

Plugging in the values to this equation, we get:

257.346 - 8.78.7
×
100
=
2,858%

News headlines from 1776

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

  • Austria outlaws interrogation and torture.
  • Thomas Paine issues Common Sense, a pamphlet advocating American independence.
  • 56 people formally sign the U.S. Declaration of Independence
  • The United States Congress officially releases the Declaration of Independence.
  • United States of America gets its official name
  • British troops capture Fort Washington.

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 1776 → 2019 | Inflation Calculator.” U.S. Official Inflation Data, Alioth Finance, 27 Nov. 2019, https://www.officialdata.org/us/inflation/1776?amount=1.

Special thanks to QuickChart for providing downloadable chart images.


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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» Read more about inflation and investment.

Inflation from 1776 to 2019
Cumulative price change 2,858.00%
Average inflation rate 1.40%
Converted amount ($1 base) $29.58
Price difference ($1 base) $28.58
CPI in 1776 8.700
CPI in 2019 257.346
Inflation in 1776 12.99%
Inflation in 2019 1.76%
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