# Inflation calculator - Russian Ruble

This tool is useful to calculate the time value of money based on historical inflation and CPI values. To start, select an amount and two years, or browse the default calculation results.

₽100 in 1992
₽678,755.68 in 2023

The inflation rate in Russia between 1992 and 2023 was 678,655.68%, which translates into a total increase of ₽678,655.68. This means that 100 rubles in 1992 are equivalent to 678,755.68 rubles in 2023. In other words, the purchasing power of ₽100 in 1992 equals ₽678,755.68 in 2023. The average annual inflation rate between these periods was 32.92%.

## Inflation timeline in Russia (1992 - 2023)

The following chart depicts the equivalence of ₽100 due to compound inflation and CPI changes. All values are equivalent in terms of purchasing power, which means that for each year the same goods or services could be bought with the indicated amount of money.

All calculations are performed in the local currency (RUB) and using 6 decimal digits. Results show only up to 2 decimal digits to favour readability. Inflation data is provided by governments and international institutions on a monthly basis.

The following table contains relevant indicators:

Indicator Value
Cumulative inflation from 1992 to 2023 678,655.68%
Avg. Annual inflation from 1992 to 2023 32.92%
CPI 1992 0.04
CPI 2023 240.08

## How to calculate the time value of money with inflation data?

There are several ways to calculate the time value of money. Depending on the data available, results can be obtained by using the Consumer Price Index (CPI) formula or the compound interest formula.

### Using the CPI formula

When we have both the start and end years, we can use the following formula:

Valuet =Value0 ×
CPIt/CPI0

To obtain the values equivalent in buying power between 1992 and 2023, use the corresponding CPI values:

Value2023
=Value1992 ×
CPI2023/CPI1992
=₽ 100 ×
240.08/0.04
₽678,755.68

### Alternative: Using the compound interest formula

Given that money changes with time as a result of an inflation rate that acts as compound interest, we can use the following formula: FV = PV × (1 + i)n, where:

• FV: Future Value
• PV: Present Value
• i: Interest rate (inflation)
• n: Number of times the interest is compounded (i.e. # of years)

In this case, the future value represents the final amount obtained after applying the inflation rate to our initial value. In other words, it indicates how much are ₽100 worth today. There are 31 years between 1992 and 2023 and the average inflation rate was 32.9241%. Therefore, we can resolve the formula like this:

Value2023
=PV × (1 + i)n
=₽100 × (1 + 0.329241)31
₽678,755.68

## Russia inflation - Conversion table

Initial Value Equivalent value
₽1 ruble in 1992 ₽6,787.56 rubles in 2023
₽5 rubles in 1992 ₽33,937.78 rubles in 2023
₽10 rubles in 1992 ₽67,875.57 rubles in 2023
₽50 rubles in 1992 ₽339,377.84 rubles in 2023
₽100 rubles in 1992 ₽678,755.68 rubles in 2023
₽500 rubles in 1992 ₽3,393,778.38 rubles in 2023
₽1,000 rubles in 1992 ₽6,787,556.75 rubles in 2023
₽5,000 rubles in 1992 ₽33,937,783.77 rubles in 2023
₽10,000 rubles in 1992 ₽67,875,567.54 rubles in 2023
₽50,000 rubles in 1992 ₽339,377,837.69 rubles in 2023
₽100,000 rubles in 1992 ₽678,755,675.38 rubles in 2023
₽500,000 rubles in 1992 ₽3,393,778,376.91 rubles in 2023
₽1,000,000 rubles in 1992 ₽6,787,556,753.81 rubles in 2023
 Cumulative inflation 1992-2023 678,655.68% Avg. annual inflation 1992-2023 32.92% CPI 1992 0.04 CPI 2023 240.08

### Value of Ruble over time (by year)

Period Value
1992 100
1993 974.25
1994 3,972.22
1995 11,813.95
1996 17,455.35
1997 20,031.99
1998 25,577.99
1999 47,510.21
2000 57,391.76
2001 69,717.79
2002 80,725.35
2003 91,755.07
2004 101,745.92
2005 114,652.73
2006 125,738.09
2007 137,063.69
2008 156,404.45
2009 174,621.37
2010 186,581.88
2011 306,616.9
2012 322,213.98
2013 343,936.8
2014 370,866.5
2015 428,448.47
2016 458,653.09
2017 475,498.87
2018 489,187.55
2019 510,981.05
2020 528,250.93
2021 563,591.74
2022 641,129.49
2023 678,755.68

All available years

Today's value of russian rubles by year:

1992 | 1993 | 1994 | 1995 | 1996 | 1997 | 1998 | 1999 | 2000 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |

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