India Inflation in 2007

INR Inflation Calculator for the year 2007


Enter the INR amount for which you want to calculate inflation from the year 2007:

RESULT: ₹1 in 2007 is worth ₹3.12 today.

You might be interested in calculating the value of ₹1 for the year 2012. Or calculate the value of ₹1 for the year 2017

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₹1 in 2007 is worth ₹3.12 today.

The value of ₹1 from 2007 to 2022

₹1 in 2007 has the purchasing power of about ₹3.12 today, a ₹2.12 increase in 15 years. Between 2007 and today, the rupee experienced an average annual inflation rate of 7.88%, resulting in a cumulative price increase of 211.97%.

According to the Bureau of Labor Statistics consumer price index, today's prices are several times higher than the average price since 2007.

In 2007, the inflation rate was 6.3729%. 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 2007 to 2022

Summary Value
Cumulative price change (from 2007 to today) 211.97%
Average inflation rate (from 2007 to today) 7.88%
Converted amount ₹3.12
Price Difference ₹2.12
CPI in 2007 2964.47
CPI in 2022 9248.3472
Inflation in 2007 6.3729%
Inflation in 2022 6.08%
₹1 in 2007 ₹3.12 in 2022

Buying power of ₹1 in 2007

If you had ₹1 in your hand in 2007, its adjusted value for inflation today would be ₹3.12. Put another way, you would need ₹3.12 to beat the rising inflation. When ₹1 becomes equivalent to ₹3.12 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 2007 rupees, it's evident how ₹1 loses its worth over 15 years.



Rupee inflation for ₹1 from 2007 to 2022

The below tabular column shows the effect of inflation on ₹1 in the year 2007 to the year 2007.

Year Rupee Value Inflation Rate
2007 1 6.3729%
2008 1.08 8.3493%
2009 1.2 -0.36%
2010 1.35 1.64%
2011 1.47 8.91%
2012 1.6 9.47%
2013 1.76 10.01%
2014 1.88 6.66%
2015 1.97 4.907%
2016 2.07 4.95%
2017 2.14 3.33%
2018 2.23 3.94%
2019 2.31 3.73%
2020 2.46 6.62%
2021 2.59 5.13%
2022 2.75 6.08%


Conversion of 2007 rupees to today's price

Based on the 211.97% change in prices, the following 2007 amounts are shown in today's rupees:


Initial value Today value
₹1 rupee in 2007 ₹3.12 rupees today
₹5 rupees in 2007 ₹15.6 rupees today
₹10 rupees in 2007 ₹31.2 rupees today
₹50 rupees in 2007 ₹155.99 rupees today
₹100 rupees in 2007 ₹311.97 rupees today
₹500 rupees in 2007 ₹1559.87 rupees today
₹1,000 rupees in 2007 ₹3119.73 rupees today
₹5,000 rupees in 2007 ₹15598.65 rupees today
₹10,000 rupees in 2007 ₹31197.3 rupees today
₹50,000 rupees in 2007 ₹155986.52 rupees today
₹100,000 rupees in 2007 ₹311973.04 rupees today
₹500,000 rupees in 2007 ₹1559865.2 rupees today
₹1,000,000 rupees in 2007 ₹3119730.41 rupees today

How to calculate the inflated value of ₹1 in 2007

To calculate the change in value between 2007 and today, we use the following inflation rate formula:

CPI Today / CPI in 2007 x Rupee Value in 2007 = Current Rupee Value

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

9248.3472/ 2964.47 x ₹1 = ₹3.12

To buy the same product that you could buy for ₹1 in 2007, you would need ₹3.12 in 2022.

To calculate the cumulative or total inflation rate in the past 15 years between 2007 and 2022, we use the following formula:

CPI in 2022 - CPI in 2007 / CPI in 2007 x 100 = Cumulative Inflation Rate

By inserting the values to this equation, we get:

( 9248.3472 - 2964.47 / 2964.47) x 100 = 211.97%

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 15 years between 2022 and 2007. The average inflation rate was 7.8800496669754%.

Plugging in the values into the formula, we get:

1 (1+ % 7.88/ 100 ) ^ 15 = ₹3.12