# INR Inflation Calculator for the year 1984

Enter the INR amount for which you want to calculate inflation from the year 1984:

RESULT: ₹1 in 1984 is worth ₹17.87 today.

You might be interested in calculating the value of ₹1 for the year 1989. Or calculate the value of ₹1 for the year 1994

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# ₹1 in 1984 is worth ₹17.87 today.

## The value of ₹1 from 1984 to 2022

₹1 in 1984 has the purchasing power of about ₹17.87 today, a ₹16.87 increase in 38 years. Between 1984 and today, the rupee experienced an average annual inflation rate of 7.88%, resulting in a cumulative price increase of 1686.74%.

According to the Bureau of Labor Statistics consumer price index, today's prices are several times higher than the average price since 1984.

In 1984, the inflation rate was 8.3189%. Inflation is now 6.08% higher than it was last year. If this figure holds true, ₹1 today will be worth ₹7.08 next year in purchasing power.

## Inflation from 1984 to 2022

Summary Value
Cumulative price change (from 1984 to today) 1686.74%
Average inflation rate (from 1984 to today) 7.88%
Converted amount ₹17.87
Price Difference ₹16.87
CPI in 1984 517.61
CPI in 2022 9248.3472
Inflation in 1984 8.3189%
Inflation in 2022 6.08%
₹1 in 1984 ₹17.87 in 2022

## Buying power of ₹1 in 1984

If you had ₹1 in your hand in 1984, its adjusted value for inflation today would be ₹17.87. Put another way, you would need ₹17.87 to beat the rising inflation. When ₹1 becomes equivalent to ₹17.87 over time, the "real value" of a single Indian rupee decreases. In other words, a rupee will pay for fewer items at the store.

This effect explains how inflation gradually erodes the value of a rupee. By calculating the value in 1984 rupees, it's evident how ₹1 loses its worth over 38 years.

## Rupee inflation for ₹1 from 1984 to 2022

The below tabular column shows the effect of inflation on ₹1 in the year 1984 to the year 1984.

Year Rupee Value Inflation Rate
1984 1 8.3189%
1985 1.06 5.56%
1986 1.15 8.73%
1987 1.25 8.80%
1988 1.37 9.38%
1989 1.46 7.07%
1990 1.59 8.97%
1991 1.81 13.87%
1992 2.03 11.79%
1993 2.16 6.33%
1994 2.38 10.25%
1995 2.62 10.22%
1996 2.86 8.9772%
1997 3.06 7.1643%
1998 3.47 13.2308%
1999 3.63 4.6698%
2000 3.77 4.0094%
2001 3.92 3.77%
2002 4.08 4.30%
2003 4.24 3.81%
2004 4.4 3.7673%
2005 4.59 4.2463%
2006 4.85 5.7965%
2007 5.16 6.3729%
2008 5.59 8.3493%
2009 6.2 -0.36%
2010 6.94 1.64%
2011 7.56 8.91%
2012 8.28 9.47%
2013 9.11 10.01%
2014 9.72 6.66%
2015 10.19 4.907%
2016 10.7 4.95%
2017 11.05 3.33%
2018 11.49 3.94%
2019 11.92 3.73%
2020 12.71 6.62%
2021 13.36 5.13%
2022 14.17 6.08%

## Conversion of 1984 rupees to today's price

Based on the 1686.74% change in prices, the following 1984 amounts are shown in today's rupees:

Initial value Today value
₹1 rupee in 1984 ₹17.87 rupees today
₹5 rupees in 1984 ₹89.34 rupees today
₹10 rupees in 1984 ₹178.67 rupees today
₹50 rupees in 1984 ₹893.37 rupees today
₹100 rupees in 1984 ₹1786.74 rupees today
₹500 rupees in 1984 ₹8933.7 rupees today
₹1,000 rupees in 1984 ₹17867.4 rupees today
₹5,000 rupees in 1984 ₹89337.02 rupees today
₹10,000 rupees in 1984 ₹178674.04 rupees today
₹50,000 rupees in 1984 ₹893370.22 rupees today
₹100,000 rupees in 1984 ₹1786740.44 rupees today
₹500,000 rupees in 1984 ₹8933702.21 rupees today
₹1,000,000 rupees in 1984 ₹17867404.42 rupees today

## How to calculate the inflated value of ₹1 in 1984

To calculate the change in value between 1984 and today, we use the following inflation rate formula:

CPI Today / CPI in 1984 x Rupee Value in 1984 = Current Rupee Value

By plugging the values into the formula above, we get:

9248.3472/ 517.61 x ₹1 = ₹17.87

To buy the same product that you could buy for ₹1 in 1984, you would need ₹17.87 in 2022.

### To calculate the cumulative or total inflation rate in the past 38 years between 1984 and 2022, we use the following formula:

CPI in 2022 - CPI in 1984 / CPI in 1984 x 100 = Cumulative Inflation Rate

By inserting the values to this equation, we get:

( 9248.3472 - 517.61 / 517.61) x 100 = 1686.74%

### Alternate method to calculate today's value of money after inflation - Using compound interest formula

Given that money changes over time due to inflation, which acts as compound interest, we can use the following formula:

FV = PV (1+i/100)^n

where,

• FV = Future value
• PV = Present value
• i: Average interest rate (inflation)
• n: Number of times the interest is compounded (i.e. # of years)

The future value in this case represents the amount obtained after applying the inflation rate to our initial value. In other words, it indicates how much ₹1 is worth today. We have 38 years between 2022 and 1984. The average inflation rate was 7.8819992159105%.

Plugging in the values into the formula, we get:

1 (1+ % 7.88/ 100 ) ^ 38 = ₹17.87