Value of 1999 Russian Rubles today

₽100 in 1999
₽968.37 in 2022

The inflation rate in Russia between 1999 and today has been 868.37%, which translates into a total increase of ₽868.37. This means that 100 rubles in 1999 are equivalent to 968.37 rubles in 2022. In other words, the purchasing power of ₽100 in 1999 equals ₽968.37 today. The average annual inflation rate between these periods has been 10.38%.

Inflation timeline in Russia (1999 - 2022)

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. Today's values were extrapolated from the latest 12-month rolling average official data.

The following table contains relevant indicators:

Indicator Value
Cumulative inflation 1999-2021 682.97%
Cumulative inflation 1999-today 868.37%
Avg. Annual inflation 1999-2021 9.81%
CPI 1999 16.8
CPI 2021 131.57
CPI 2022-03 (latest official data) 150.35
CPI today 162.73

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 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 1999 and 2021, use the corresponding CPI values:

Value2021
=Value1999 ×
CPI2021/CPI1999
=₽ 100 ×
131.57/16.8
₽782.97

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 162.73:

Valuetoday
=Value1999 ×
CPItoday/CPI1999
=₽ 100 ×
162.73/16.8
₽968.37

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 22 years between 1999 and 2021 and the average inflation rate was 9.8057%. Therefore, we can resolve the formula like this:

Value2021
=PV × (1 + i)n
=₽100 × (1 + 0.098057)22
₽782.97

Russia inflation - Conversion table

Initial Value Equivalent value
₽1 ruble in 1999 ₽7.83 rubles in 2021
₽5 rubles in 1999 ₽39.15 rubles in 2021
₽10 rubles in 1999 ₽78.3 rubles in 2021
₽50 rubles in 1999 ₽391.49 rubles in 2021
₽100 rubles in 1999 ₽782.97 rubles in 2021
₽500 rubles in 1999 ₽3,914.86 rubles in 2021
₽1,000 rubles in 1999 ₽7,829.73 rubles in 2021
₽5,000 rubles in 1999 ₽39,148.64 rubles in 2021
₽10,000 rubles in 1999 ₽78,297.28 rubles in 2021
₽50,000 rubles in 1999 ₽391,486.41 rubles in 2021
₽100,000 rubles in 1999 ₽782,972.81 rubles in 2021
₽500,000 rubles in 1999 ₽3,914,864.05 rubles in 2021
₽1,000,000 rubles in 1999 ₽7,829,728.11 rubles in 2021
Cumulative inflation From 1999 868.37%
Avg. annual inflation From 1999 10.38%
CPI 1999 16.8
CPI today 162.73

Value of Ruble over time (by year)

Period Value
1999 100
2000 120.8
2001 146.74
2002 169.91
2003 193.13
2004 214.16
2005 241.32
2006 264.65
2007 288.49
2008 329.2
2009 367.54
2010 392.72
2011 425.87
2012 447.48
2013 477.7
2014 515.07
2015 595.09
2016 636.99
2017 660.46
2018 679.47
2019 709.84
2020 733.85
2021 782.97
2022-03 894.69
Today 968.37

All available years

Today's value of russian rubles by year:

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 |

Other currencies: