You might be interested in calculating the value of ₹ for the year . Or calculate the value of ₹ for the year.
₹ in is worth ₹ today.
The value of ₹ from to
₹ in has the purchasing power of about ₹ today, a ₹ increase in years. Between and today, the rupee experienced an average annual inflation rate of %, resulting in a cumulative price increase of %.
According to the Bureau of Labor Statistics consumer price index, today's prices are several times higher than the average price since .
In , the inflation rate was %. Inflation is now % higher than it was last year. If this figure holds true, ₹ today will be worth ₹ next year in purchasing power.
Inflation from to
|Cumulative price change (from to today)||%|
|Average inflation rate (from to today)||%|
|₹ in||₹ in|
Buying power of ₹ in
If you had ₹ in your hand in , its adjusted value for inflation today would be ₹. Put another way, you would need ₹ to beat the rising inflation. When ₹ becomes equivalent to ₹ 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 rupees, it's evident how ₹ loses its worth over years.
Rupee inflation for ₹ from to
The below tabular column shows the effect of inflation on ₹ in the year to the year .
|Year||Rupee Value||Inflation Rate|
Conversion of rupees to today's price
Based on the % change in prices, the following amounts are shown in today's rupees:
|Initial value||Today value|
|₹1 rupee in||₹ rupees today|
|₹5 rupees in||₹ rupees today|
|₹10 rupees in||₹ rupees today|
|₹50 rupees in||₹ rupees today|
|₹100 rupees in||₹ rupees today|
|₹500 rupees in||₹ rupees today|
|₹1,000 rupees in||₹ rupees today|
|₹5,000 rupees in||₹ rupees today|
|₹10,000 rupees in||₹ rupees today|
|₹50,000 rupees in||₹ rupees today|
|₹100,000 rupees in||₹ rupees today|
|₹500,000 rupees in||₹ rupees today|
|₹1,000,000 rupees in||₹ rupees today|
How to calculate the inflated value of ₹ in
To calculate the change in value between and today, we use the following inflation rate formula:
CPI Today / CPI in x Rupee Value in = Current Rupee Value
By plugging the values into the formula above, we get:
/ x ₹ = ₹
To buy the same product that you could buy for ₹ in , you would need ₹ in .
To calculate the cumulative or total inflation rate in the past years between and , we use the following formula:
CPI in - CPI in / CPI in x 100 = Cumulative Inflation Rate
By inserting the values to this equation, we get:
( - / ) x 100 = %
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
- 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 ₹ is worth today. We have years between and . The average inflation rate was %.
Plugging in the values into the formula, we get:
(1+ % / 100 ) ^ = ₹