Value of 2002 Russian Rubles today

₽100 in 2002
₽701.94 in 2024

The inflation rate in Russia between 2002 and today has been 601.94%, which translates into a total increase of ₽601.94. This means that 100 rubles in 2002 are equivalent to 701.94 rubles in 2021. In other words, the purchasing power of ₽100 in 2002 equals ₽701.94 today. The average annual inflation rate between these periods has been 10.23%.

Inflation timeline in Russia (2002 - 2024)

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 2002-2021 360.81%
Cumulative inflation 2002-today 601.94%
Avg. Annual inflation 2002-2021 8.37%
CPI 2002 28.55
CPI 2021 131.57
CPI 2022-03 (latest official data) 150.35
CPI today 200.42

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 2002 and 2021, use the corresponding CPI values:

Value2021
=Value2002 ×
CPI2021/CPI2002
=₽ 100 ×
131.57/28.55
₽460.81

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 200.42:

Valuetoday
=Value2002 ×
CPItoday/CPI2002
=₽ 100 ×
200.42/28.55
₽701.94

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 19 years between 2002 and 2021 and the average inflation rate was 8.3733%. Therefore, we can resolve the formula like this:

Value2021
=PV × (1 + i)n
=₽100 × (1 + 0.083733)19
₽460.81

Russia inflation - Conversion table

Initial Value Equivalent value
₽1 ruble in 2002 ₽4.61 rubles in 2021
₽5 rubles in 2002 ₽23.04 rubles in 2021
₽10 rubles in 2002 ₽46.08 rubles in 2021
₽50 rubles in 2002 ₽230.41 rubles in 2021
₽100 rubles in 2002 ₽460.81 rubles in 2021
₽500 rubles in 2002 ₽2,304.06 rubles in 2021
₽1,000 rubles in 2002 ₽4,608.12 rubles in 2021
₽5,000 rubles in 2002 ₽23,040.6 rubles in 2021
₽10,000 rubles in 2002 ₽46,081.19 rubles in 2021
₽50,000 rubles in 2002 ₽230,405.97 rubles in 2021
₽100,000 rubles in 2002 ₽460,811.94 rubles in 2021
₽500,000 rubles in 2002 ₽2,304,059.72 rubles in 2021
₽1,000,000 rubles in 2002 ₽4,608,119.44 rubles in 2021
Cumulative inflation From 2002 601.94%
Avg. annual inflation From 2002 10.23%
CPI 2002 28.55
CPI today 200.42

Value of Ruble over time (by year)

Period Value
2002 100
2003 113.66
2004 126.04
2005 142.03
2006 155.76
2007 169.79
2008 193.75
2009 216.32
2010 231.13
2011 250.64
2012 263.36
2013 281.15
2014 303.14
2015 350.23
2016 374.9
2017 388.71
2018 399.89
2019 417.77
2020 431.9
2021 460.81
2022-03 526.56
Today 701.94

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: