Inflation in 1772 and its effect on dollar value
$1 in 1771 is equivalent in purchasing power to about $1.17 in 1772. The dollar had an average inflation rate of 16.67% per year between 1771 and 1772, producing a cumulative price increase of 16.67%. Purchasing power decreased by 16.67% in 1772 compared to 1771. On average, you would have to spend 16.67% more money in 1772 than in 1771 for the same item.
This means that prices in 1772 are 1.17 times as high as average prices since 1771, according to the Bureau of Labor Statistics consumer price index.
The inflation rate in 1771 was -4.88%. The inflation rate in 1772 was 16.67%. The 1772 inflation rate is higher compared to the average inflation rate of 1.41% per year between 1772 and 2025.
Inflation rate is calculated by change in the consumer price index (CPI). The CPI in 1772 was 9.10. It was 7.80 in the previous year, 1771. The difference in CPI between the years is used by the Bureau of Labor Statistics to officially determine inflation.
Contents
⌃
| Average inflation rate | 16.67% |
| Converted amount $1 base | $1.17 |
| Price difference $1 base | $0.17 |
| CPI in 1771 | 7.800 |
| CPI in 1772 | 9.100 |
| Inflation in 1771 | -4.88% |
| Inflation in 1772 | 16.67% |
| $1 in 1771 | $1.17 in 1772 |
Inflation by Country
Inflation can also vary widely by country. For comparison, in the UK £1.00 in 1771 would be equivalent to £1.10 in 1772, an absolute change of £0.10 and a cumulative change of 10.45%.
Compare these numbers to the US's overall absolute change of $0.17 and total percent change of 16.67%.
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 1771 and 1772.
Compare these values to the overall average of 16.67% per year:
| Category | Avg Inflation (%) | Total Inflation (%) | $1 in 1771 → 1772 |
|---|---|---|---|
| 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 1771. This table and charts use the earliest available data for each category.
How to calculate inflation rate for $1, 1771 to 1772
Our calculations use the following inflation rate formula to calculate the change in value between 1771 and 1772:
CPI in 1772 CPI in 1771
×
1771 USD value
=
1772 USD value
Then plug in historical CPI values. The U.S. CPI was 7.8 in the year 1771 and 9.1 in 1772:
9.17.8
×
$1
=
$1.17
$1 in 1771 has the same "purchasing power" or "buying power" as $1.17 in 1772.
To get the total inflation rate for the 1 years between 1771 and 1772, we use the following formula:
CPI in 1772 - CPI in 1771CPI in 1771
×
100
=
Cumulative inflation rate (1 years)
Plugging in the values to this equation, we get:
9.1 - 7.87.8
×
100
=
17%
Data source & citation
Raw data for these calculations comes from the Bureau of Labor Statistics' Consumer Price Index (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: “Inflation Rate in 1772 | Inflation Calculator.” Official Inflation Data, Alioth Finance, 13 Jan. 2025, https://www.officialdata.org/inflation-rate-in-1772.
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.
| Average inflation rate | 16.67% |
| Converted amount $1 base | $1.17 |
| Price difference $1 base | $0.17 |
| CPI in 1771 | 7.800 |
| CPI in 1772 | 9.100 |
| Inflation in 1771 | -4.88% |
| Inflation in 1772 | 16.67% |
| $1 in 1771 | $1.17 in 1772 |