You might be interested in calculating the value of ₹1 for the year 2016. Or calculate the value of ₹1 for the year 2021
.₹1 in 2011 is worth ₹2.02 today.
The value of ₹1 from 2011 to 2022
₹1 in 2011 has the purchasing power of about ₹2.02 today, a ₹1.02 increase in 11 years. Between 2011 and today, the rupee experienced an average annual inflation rate of 6.6%, resulting in a cumulative price increase of 102.06%.
According to the Bureau of Labor Statistics consumer price index, today's prices are several times higher than the average price since 2011.
In 2011, the inflation rate was 8.9118%. 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 2011 to 2022
Summary | Value |
---|---|
Cumulative price change (from 2011 to today) | 102.06% |
Average inflation rate (from 2011 to today) | 6.6% |
Converted amount | ₹2.02 |
Price Difference | ₹1.02 |
CPI in 2011 | 4577.07 |
CPI in 2022 | 9248.3472 |
Inflation in 2011 | 8.9118% |
Inflation in 2022 | 6.08% |
₹1 in 2011 | ₹2.02 in 2022 |
Buying power of ₹1 in 2011
If you had ₹1 in your hand in 2011, its adjusted value for inflation today would be ₹2.02. Put another way, you would need ₹2.02 to beat the rising inflation. When ₹1 becomes equivalent to ₹2.02 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 2011 rupees, it's evident how ₹1 loses its worth over 11 years.
Rupee inflation for ₹1 from 2011 to 2022
The below tabular column shows the effect of inflation on ₹1 in the year 2011 to the year 2011.
Year | Rupee Value | Inflation Rate |
---|---|---|
2011 | 1 | 8.9118% |
2012 | 1.09 | 9.47% |
2013 | 1.2 | 10.01% |
2014 | 1.28 | 6.66% |
2015 | 1.35 | 4.907% |
2016 | 1.41 | 4.95% |
2017 | 1.46 | 3.33% |
2018 | 1.52 | 3.94% |
2019 | 1.58 | 3.73% |
2020 | 1.68 | 6.62% |
2021 | 1.77 | 5.13% |
2022 | 1.87 | 6.08% |
Conversion of 2011 rupees to today's price
Based on the 102.06% change in prices, the following 2011 amounts are shown in today's rupees:
Initial value | Today value |
---|---|
₹1 rupee in 2011 | ₹2.02 rupees today |
₹5 rupees in 2011 | ₹10.1 rupees today |
₹10 rupees in 2011 | ₹20.21 rupees today |
₹50 rupees in 2011 | ₹101.03 rupees today |
₹100 rupees in 2011 | ₹202.06 rupees today |
₹500 rupees in 2011 | ₹1010.29 rupees today |
₹1,000 rupees in 2011 | ₹2020.58 rupees today |
₹5,000 rupees in 2011 | ₹10102.91 rupees today |
₹10,000 rupees in 2011 | ₹20205.82 rupees today |
₹50,000 rupees in 2011 | ₹101029.12 rupees today |
₹100,000 rupees in 2011 | ₹202058.24 rupees today |
₹500,000 rupees in 2011 | ₹1010291.21 rupees today |
₹1,000,000 rupees in 2011 | ₹2020582.43 rupees today |
How to calculate the inflated value of ₹1 in 2011
To calculate the change in value between 2011 and today, we use the following inflation rate formula:
CPI Today / CPI in 2011 x Rupee Value in 2011 = Current Rupee Value
By plugging the values into the formula above, we get:
9248.3472/ 4577.07 x ₹1 = ₹2.02
To buy the same product that you could buy for ₹1 in 2011, you would need ₹2.02 in 2022.
To calculate the cumulative or total inflation rate in the past 11 years between 2011 and 2022, we use the following formula:
CPI in 2022 - CPI in 2011 / CPI in 2011 x 100 = Cumulative Inflation Rate
By inserting the values to this equation, we get:
( 9248.3472 - 4577.07 / 4577.07) x 100 = 102.06%
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 11 years between 2022 and 2011. The average inflation rate was 6.6032873609672%.
Plugging in the values into the formula, we get:
1 (1+ % 6.6/ 100 ) ^ 11 = ₹2.02