# INR Inflation Calculator for the year 2019

Enter the INR amount for which you want to calculate inflation from the year 2019:

RESULT: ₹1 in 2019 is worth ₹1.21 today.

You might be interested in calculating the value of ₹1 for the year 2020.

# ₹1 in 2019 is worth ₹1.21 today.

## The value of ₹1 from 2019 to 2022

₹1 in 2019 has the purchasing power of about ₹1.21 today, a ₹0.21 increase in 3 years. Between 2019 and today, the rupee experienced an average annual inflation rate of 6.64%, resulting in a cumulative price increase of 21.26%.

According to the Bureau of Labor Statistics consumer price index, today's prices are several times higher than the average price since 2019.

In 2019, the inflation rate was 3.7295%. 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 2019 to 2022

Summary Value
Cumulative price change (from 2019 to today) 21.26%
Average inflation rate (from 2019 to today) 6.64%
Converted amount ₹1.21
Price Difference ₹0.21
CPI in 2019 7627.1
CPI in 2022 9248.3472
Inflation in 2019 3.7295%
Inflation in 2022 6.08%
₹1 in 2019 ₹1.21 in 2022

## Buying power of ₹1 in 2019

If you had ₹1 in your hand in 2019, its adjusted value for inflation today would be ₹1.21. Put another way, you would need ₹1.21 to beat the rising inflation. When ₹1 becomes equivalent to ₹1.21 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 2019 rupees, it's evident how ₹1 loses its worth over 3 years.

## Rupee inflation for ₹1 from 2019 to 2022

The below tabular column shows the effect of inflation on ₹1 in the year 2019 to the year 2019.

Year Rupee Value Inflation Rate
2019 1 3.7295%
2020 1.07 6.62%
2021 1.12 5.13%
2022 1.19 6.08%

## Conversion of 2019 rupees to today's price

Based on the 21.26% change in prices, the following 2019 amounts are shown in today's rupees:

Initial value Today value
₹1 rupee in 2019 ₹1.21 rupees today
₹5 rupees in 2019 ₹6.06 rupees today
₹10 rupees in 2019 ₹12.13 rupees today
₹50 rupees in 2019 ₹60.63 rupees today
₹100 rupees in 2019 ₹121.26 rupees today
₹500 rupees in 2019 ₹606.28 rupees today
₹1,000 rupees in 2019 ₹1212.56 rupees today
₹5,000 rupees in 2019 ₹6062.82 rupees today
₹10,000 rupees in 2019 ₹12125.64 rupees today
₹50,000 rupees in 2019 ₹60628.2 rupees today
₹100,000 rupees in 2019 ₹121256.4 rupees today
₹500,000 rupees in 2019 ₹606282.02 rupees today
₹1,000,000 rupees in 2019 ₹1212564.04 rupees today

## How to calculate the inflated value of ₹1 in 2019

To calculate the change in value between 2019 and today, we use the following inflation rate formula:

CPI Today / CPI in 2019 x Rupee Value in 2019 = Current Rupee Value

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

9248.3472/ 7627.1 x ₹1 = ₹1.21

To buy the same product that you could buy for ₹1 in 2019, you would need ₹1.21 in 2022.

### To calculate the cumulative or total inflation rate in the past 3 years between 2019 and 2022, we use the following formula:

CPI in 2022 - CPI in 2019 / CPI in 2019 x 100 = Cumulative Inflation Rate

By inserting the values to this equation, we get:

( 9248.3472 - 7627.1 / 7627.1) x 100 = 21.26%

### 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 3 years between 2022 and 2019. The average inflation rate was 6.6354391196497%.

Plugging in the values into the formula, we get:

1 (1+ % 6.64/ 100 ) ^ 3 = ₹1.21