₹1 in 2014 is worth ₹1.56 today.

The value of ₹1 from 2014 to 2022

₹1 in 2014 has the purchasing power of about ₹1.56 today, a ₹0.56 increase in 8 years. Between 2014 and today, the rupee experienced an average annual inflation rate of 5.71%, resulting in a cumulative price increase of 55.91%.

According to the Bureau of Labor Statistics consumer price index, today's prices are several times higher than the average price since 2014.

In 2014, the inflation rate was 6.6657%. 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 2014 to 2022

Summary	Value
Cumulative price change (from 2014 to today)	55.91%
Average inflation rate (from 2014 to today)	5.71%
Converted amount	₹1.56
Price Difference	₹0.56
CPI in 2014	5931.78
CPI in 2022	9248.3472
Inflation in 2014	6.6657%
Inflation in 2022	6.08%
₹1 in 2014	₹1.56 in 2022

Buying power of ₹1 in 2014

If you had ₹1 in your hand in 2014, its adjusted value for inflation today would be ₹1.56. Put another way, you would need ₹1.56 to beat the rising inflation. When ₹1 becomes equivalent to ₹1.56 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 2014 rupees, it's evident how ₹1 loses its worth over 8 years.

Rupee inflation for ₹1 from 2014 to 2022

The below tabular column shows the effect of inflation on ₹1 in the year 2014 to the year 2014.

Year	Rupee Value	Inflation Rate
2014	1	6.6657%
2015	1.05	4.907%
2016	1.1	4.95%
2017	1.14	3.33%
2018	1.18	3.94%
2019	1.23	3.73%
2020	1.31	6.62%
2021	1.37	5.13%
2022	1.46	6.08%

Conversion of 2014 rupees to today's price

Based on the 55.91% change in prices, the following 2014 amounts are shown in today's rupees:

Initial value	Today value
₹1 rupee in 2014	₹1.56 rupees today
₹5 rupees in 2014	₹7.8 rupees today
₹10 rupees in 2014	₹15.59 rupees today
₹50 rupees in 2014	₹77.96 rupees today
₹100 rupees in 2014	₹155.91 rupees today
₹500 rupees in 2014	₹779.56 rupees today
₹1,000 rupees in 2014	₹1559.12 rupees today
₹5,000 rupees in 2014	₹7795.59 rupees today
₹10,000 rupees in 2014	₹15591.18 rupees today
₹50,000 rupees in 2014	₹77955.92 rupees today
₹100,000 rupees in 2014	₹155911.84 rupees today
₹500,000 rupees in 2014	₹779559.19 rupees today
₹1,000,000 rupees in 2014	₹1559118.38 rupees today

How to calculate the inflated value of ₹1 in 2014

To calculate the change in value between 2014 and today, we use the following inflation rate formula:

CPI Today / CPI in 2014 x Rupee Value in 2014 = Current Rupee Value

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

9248.3472/ 5931.78 x ₹1 = ₹1.56

To buy the same product that you could buy for ₹1 in 2014, you would need ₹1.56 in 2022.

To calculate the cumulative or total inflation rate in the past 8 years between 2014 and 2022, we use the following formula:

CPI in 2022 - CPI in 2014 / CPI in 2014 x 100 = Cumulative Inflation Rate

By inserting the values to this equation, we get:

( 9248.3472 - 5931.78 / 5931.78) x 100 = 55.91%

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 8 years between 2022 and 2014. The average inflation rate was 5.7084941656434%.

Plugging in the values into the formula, we get:

1 (1+ % 5.71/ 100 ) ^ 8 = ₹1.56