₹1 in 2013 is worth ₹1.67 today.

The value of ₹1 from 2013 to 2022

₹1 in 2013 has the purchasing power of about ₹1.67 today, a ₹0.67 increase in 9 years. Between 2013 and today, the rupee experienced an average annual inflation rate of 5.89%, resulting in a cumulative price increase of 67.31%.

According to the Bureau of Labor Statistics consumer price index, today's prices are several times higher than the average price since 2013.

In 2013, the inflation rate was 10.0179%. 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 2013 to 2022

Summary	Value
Cumulative price change (from 2013 to today)	67.31%
Average inflation rate (from 2013 to today)	5.89%
Converted amount	₹1.67
Price Difference	₹0.67
CPI in 2013	5527.68
CPI in 2022	9248.3472
Inflation in 2013	10.0179%
Inflation in 2022	6.08%
₹1 in 2013	₹1.67 in 2022

Buying power of ₹1 in 2013

If you had ₹1 in your hand in 2013, its adjusted value for inflation today would be ₹1.67. Put another way, you would need ₹1.67 to beat the rising inflation. When ₹1 becomes equivalent to ₹1.67 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 2013 rupees, it's evident how ₹1 loses its worth over 9 years.

Rupee inflation for ₹1 from 2013 to 2022

The below tabular column shows the effect of inflation on ₹1 in the year 2013 to the year 2013.

Year	Rupee Value	Inflation Rate
2013	1	10.0179%
2014	1.07	6.66%
2015	1.12	4.907%
2016	1.17	4.95%
2017	1.21	3.33%
2018	1.26	3.94%
2019	1.31	3.73%
2020	1.39	6.62%
2021	1.47	5.13%
2022	1.56	6.08%

Conversion of 2013 rupees to today's price

Based on the 67.31% change in prices, the following 2013 amounts are shown in today's rupees:

Initial value	Today value
₹1 rupee in 2013	₹1.67 rupees today
₹5 rupees in 2013	₹8.37 rupees today
₹10 rupees in 2013	₹16.73 rupees today
₹50 rupees in 2013	₹83.65 rupees today
₹100 rupees in 2013	₹167.31 rupees today
₹500 rupees in 2013	₹836.55 rupees today
₹1,000 rupees in 2013	₹1673.1 rupees today
₹5,000 rupees in 2013	₹8365.49 rupees today
₹10,000 rupees in 2013	₹16730.97 rupees today
₹50,000 rupees in 2013	₹83654.87 rupees today
₹100,000 rupees in 2013	₹167309.74 rupees today
₹500,000 rupees in 2013	₹836548.71 rupees today
₹1,000,000 rupees in 2013	₹1673097.43 rupees today

How to calculate the inflated value of ₹1 in 2013

To calculate the change in value between 2013 and today, we use the following inflation rate formula:

CPI Today / CPI in 2013 x Rupee Value in 2013 = Current Rupee Value

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

9248.3472/ 5527.68 x ₹1 = ₹1.67

To buy the same product that you could buy for ₹1 in 2013, you would need ₹1.67 in 2022.

To calculate the cumulative or total inflation rate in the past 9 years between 2013 and 2022, we use the following formula:

CPI in 2022 - CPI in 2013 / CPI in 2013 x 100 = Cumulative Inflation Rate

By inserting the values to this equation, we get:

( 9248.3472 - 5527.68 / 5527.68) x 100 = 67.31%

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 9 years between 2022 and 2013. The average inflation rate was 5.8853051264332%.

Plugging in the values into the formula, we get:

1 (1+ % 5.89/ 100 ) ^ 9 = ₹1.67