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
| Summary | Value |
|---|---|
| Cumulative price change (from to today) | % |
| Average inflation rate (from to today) | % |
| Converted amount | ₹ |
| Price Difference | ₹ |
| CPI in | |
| CPI in | |
| Inflation in | % |
| Inflation in | % |
| ₹ 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 |
|---|---|---|
| % | ||
| 2006 | 5.7965% | |
| 2007 | 6.3729% | |
| 2008 | 8.3493% | |
| 2009 | -0.36% | |
| 2010 | 1.64% | |
| 2011 | 8.91% | |
| 2012 | 9.47% | |
| 2013 | 10.01% | |
| 2014 | 6.66% | |
| 2015 | 4.907% | |
| 2016 | 4.95% | |
| 2017 | 3.33% | |
| 2018 | 3.94% | |
| 2019 | 3.73% | |
| 2020 | 6.62% | |
| 2021 | 5.13% | |
| 2022 | 6.08% |
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
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 ₹ is worth today. We have years between and . The average inflation rate was %.
Plugging in the values into the formula, we get:
(1+ % / 100 ) ^ = ₹