Value of 1996 Russian Rubles today

₽100 in 1996

₽2,132.28 in 2018

The inflation rate in Russia between 1996 and today has been 2,032.28%, which translates into a total increase of ₽2,032.28. This means that 100 rubles in 1996 are equivalent to 2,132.28 rubles in 2018. In other words, the purchasing power of ₽100 in 1996 equals ₽2,132.28 today. The average annual inflation rate has been 14.23%.

Inflation timeline in Russia (1996-2018)

The following chart ilustrates the equivalence of ₽100 throughout the years due to inflation and CPI changes. All values are equivalent in terms of purchashing 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. Today's values were obtained by estimating figures from recent trends.

The following table contains relevant indicators:

Indicator Value
Total Inflation (1996-2018) 1,972.45%
Total Inflation* 2,032.28%
Annual inflation avg. (1996-2018) 14.77%
Annual inflation avg.* 14.23%
CPI 1996 5.4
CPI 2018 111.91
CPI today* 115.15
₽1 in 1996 ₽20.72 in 2018

* Values extrapolated from the last official data to obtain today's values.

How to calculate today's value of money after inflation?

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

Using the compound interest formula

Given that money changes in time as a result of an inflation rate that acts as a compound interest, the following formula can be used: 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 22 years between 1996 and 2018 and the average inflation rate has been 14.2289%. Therefore, we can resolve the formula like this:

FV = PV (1 + i)n = ₽100 * (1 + 0.14)22 = ₽2,072.45

Using the CPI formula

When the CPI for both start and end years is known, the following formula can be used:

Final value = Initial value *
CPI final/CPI initial

In this case, the CPI in 1996 was 5.4 and the CPI today is 115.15. Therefore,

Final value = Initial value *
CPI final/CPI initial
= ₽100 *
111.91/5.4
= ₽2,072.45

Russia inflation - Conversion table

Initial Value Equivalent value
₽1 ruble in 1996 ₽21.32 rubles today
₽5 rubles in 1996 ₽106.61 rubles today
₽10 rubles in 1996 ₽213.23 rubles today
₽50 rubles in 1996 ₽1,066.14 rubles today
₽100 rubles in 1996 ₽2,132.28 rubles today
₽500 rubles in 1996 ₽10,661.42 rubles today
₽1,000 rubles in 1996 ₽21,322.85 rubles today
₽5,000 rubles in 1996 ₽106,614.23 rubles today
₽10,000 rubles in 1996 ₽213,228.46 rubles today
₽50,000 rubles in 1996 ₽1,066,142.28 rubles today
₽100,000 rubles in 1996 ₽2,132,284.57 rubles today
₽500,000 rubles in 1996 ₽10,661,422.84 rubles today
₽1,000,000 rubles in 1996 ₽21,322,845.67 rubles today

Value of Ruble in time (by year)

Period Value
1996 100
1997 121.81
1998 135.25
1999 249.45
2000 340.64
2001 409.45
2002 485.55
2003 558.65
2004 625.62
2005 699.07
2006 775.38
2007 845.13
2008 945.44
2009 1,071.01
2010 1,165.23
2011 1,267.5
2012 1,344.82
2013 1,433.25
2014 1,525.67
2015 1,699.02
2016 1,918.33
2017 2,021.44
2018 2,072.45
Today 2,132.28