₹1 in 2018 is worth ₹1.28 today.

The value of ₹1 from 2018 to 2022

₹1 in 2018 has the purchasing power of about ₹1.28 today, a ₹0.28 increase in 4 years. Between 2018 and today, the rupee experienced an average annual inflation rate of 6.46%, resulting in a cumulative price increase of 28.48%.

According to the Bureau of Labor Statistics consumer price index, today's prices are several times higher than the average price since 2018.

In 2018, the inflation rate was 3.9388%. 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 2018 to 2022

Summary	Value
Cumulative price change (from 2018 to today)	28.48%
Average inflation rate (from 2018 to today)	6.46%
Converted amount	₹1.28
Price Difference	₹0.28
CPI in 2018	7198.45
CPI in 2022	9248.3472
Inflation in 2018	3.9388%
Inflation in 2022	6.08%
₹1 in 2018	₹1.28 in 2022

Buying power of ₹1 in 2018

If you had ₹1 in your hand in 2018, its adjusted value for inflation today would be ₹1.28. Put another way, you would need ₹1.28 to beat the rising inflation. When ₹1 becomes equivalent to ₹1.28 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 2018 rupees, it's evident how ₹1 loses its worth over 4 years.

Rupee inflation for ₹1 from 2018 to 2022

The below tabular column shows the effect of inflation on ₹1 in the year 2018 to the year 2018.

Year	Rupee Value	Inflation Rate
2018	1	3.9388%
2019	1.04	3.73%
2020	1.11	6.62%
2021	1.16	5.13%
2022	1.23	6.08%

Conversion of 2018 rupees to today's price

Based on the 28.48% change in prices, the following 2018 amounts are shown in today's rupees:

Initial value	Today value
₹1 rupee in 2018	₹1.28 rupees today
₹5 rupees in 2018	₹6.42 rupees today
₹10 rupees in 2018	₹12.85 rupees today
₹50 rupees in 2018	₹64.24 rupees today
₹100 rupees in 2018	₹128.48 rupees today
₹500 rupees in 2018	₹642.38 rupees today
₹1,000 rupees in 2018	₹1284.77 rupees today
₹5,000 rupees in 2018	₹6423.85 rupees today
₹10,000 rupees in 2018	₹12847.69 rupees today
₹50,000 rupees in 2018	₹64238.46 rupees today
₹100,000 rupees in 2018	₹128476.92 rupees today
₹500,000 rupees in 2018	₹642384.62 rupees today
₹1,000,000 rupees in 2018	₹1284769.25 rupees today

How to calculate the inflated value of ₹1 in 2018

To calculate the change in value between 2018 and today, we use the following inflation rate formula:

CPI Today / CPI in 2018 x Rupee Value in 2018 = Current Rupee Value

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

9248.3472/ 7198.45 x ₹1 = ₹1.28

To buy the same product that you could buy for ₹1 in 2018, you would need ₹1.28 in 2022.

To calculate the cumulative or total inflation rate in the past 4 years between 2018 and 2022, we use the following formula:

CPI in 2022 - CPI in 2018 / CPI in 2018 x 100 = Cumulative Inflation Rate

By inserting the values to this equation, we get:

( 9248.3472 - 7198.45 / 7198.45) x 100 = 28.48%

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 4 years between 2022 and 2018. The average inflation rate was 6.464859008711%.

Plugging in the values into the formula, we get:

1 (1+ % 6.46/ 100 ) ^ 4 = ₹1.28