You might be interested in calculating the value of ₹1 for the year 2014. Or calculate the value of ₹1 for the year 2019
.₹1 in 2009 is worth ₹2.55 today.
The value of ₹1 from 2009 to 2022
₹1 in 2009 has the purchasing power of about ₹2.55 today, a ₹1.55 increase in 13 years. Between 2009 and today, the rupee experienced an average annual inflation rate of 7.46%, resulting in a cumulative price increase of 154.82%.
According to the Bureau of Labor Statistics consumer price index, today's prices are several times higher than the average price since 2009.
In 2009, the inflation rate was 10.8824%. 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 2009 to 2022
Summary | Value |
---|---|
Cumulative price change (from 2009 to today) | 154.82% |
Average inflation rate (from 2009 to today) | 7.46% |
Converted amount | ₹2.55 |
Price Difference | ₹1.55 |
CPI in 2009 | 3629.38 |
CPI in 2022 | 9248.3472 |
Inflation in 2009 | 10.8824% |
Inflation in 2022 | 6.08% |
₹1 in 2009 | ₹2.55 in 2022 |
Buying power of ₹1 in 2009
If you had ₹1 in your hand in 2009, its adjusted value for inflation today would be ₹2.55. Put another way, you would need ₹2.55 to beat the rising inflation. When ₹1 becomes equivalent to ₹2.55 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 2009 rupees, it's evident how ₹1 loses its worth over 13 years.
Rupee inflation for ₹1 from 2009 to 2022
The below tabular column shows the effect of inflation on ₹1 in the year 2009 to the year 2009.
Year | Rupee Value | Inflation Rate |
---|---|---|
2009 | 1 | 10.8824% |
2010 | 1.12 | 1.64% |
2011 | 1.22 | 8.91% |
2012 | 1.34 | 9.47% |
2013 | 1.47 | 10.01% |
2014 | 1.57 | 6.66% |
2015 | 1.64 | 4.907% |
2016 | 1.73 | 4.95% |
2017 | 1.78 | 3.33% |
2018 | 1.85 | 3.94% |
2019 | 1.92 | 3.73% |
2020 | 2.05 | 6.62% |
2021 | 2.15 | 5.13% |
2022 | 2.29 | 6.08% |
Conversion of 2009 rupees to today's price
Based on the 154.82% change in prices, the following 2009 amounts are shown in today's rupees:
Initial value | Today value |
---|---|
₹1 rupee in 2009 | ₹2.55 rupees today |
₹5 rupees in 2009 | ₹12.74 rupees today |
₹10 rupees in 2009 | ₹25.48 rupees today |
₹50 rupees in 2009 | ₹127.41 rupees today |
₹100 rupees in 2009 | ₹254.82 rupees today |
₹500 rupees in 2009 | ₹1274.09 rupees today |
₹1,000 rupees in 2009 | ₹2548.19 rupees today |
₹5,000 rupees in 2009 | ₹12740.95 rupees today |
₹10,000 rupees in 2009 | ₹25481.89 rupees today |
₹50,000 rupees in 2009 | ₹127409.46 rupees today |
₹100,000 rupees in 2009 | ₹254818.93 rupees today |
₹500,000 rupees in 2009 | ₹1274094.64 rupees today |
₹1,000,000 rupees in 2009 | ₹2548189.28 rupees today |
How to calculate the inflated value of ₹1 in 2009
To calculate the change in value between 2009 and today, we use the following inflation rate formula:
CPI Today / CPI in 2009 x Rupee Value in 2009 = Current Rupee Value
By plugging the values into the formula above, we get:
9248.3472/ 3629.38 x ₹1 = ₹2.55
To buy the same product that you could buy for ₹1 in 2009, you would need ₹2.55 in 2022.
To calculate the cumulative or total inflation rate in the past 13 years between 2009 and 2022, we use the following formula:
CPI in 2022 - CPI in 2009 / CPI in 2009 x 100 = Cumulative Inflation Rate
By inserting the values to this equation, we get:
( 9248.3472 - 3629.38 / 3629.38) x 100 = 154.82%
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 13 years between 2022 and 2009. The average inflation rate was 7.4604342105596%.
Plugging in the values into the formula, we get:
1 (1+ % 7.46/ 100 ) ^ 13 = ₹2.55