Value of 2004 Russian Rubles today

₽100 in 2004
₽426.76 in 2022

The inflation rate in Russia between 2004 and today has been 326.76%, which translates into a total increase of ₽326.76. This means that 100 rubles in 2004 are equivalent to 426.76 rubles in 2022. In other words, the purchasing power of ₽100 in 2004 equals ₽426.76 today. The average annual inflation rate between these periods has been 8.4%.

Inflation timeline in Russia (2004 - 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 2004-2021 265.61%
Cumulative inflation 2004-today 326.76%
Avg. Annual inflation 2004-2021 7.92%
CPI 2004 35.99
CPI 2021 131.57
CPI 2022-03 (latest official data) 150.35
CPI today 153.58

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 2004 and 2021, use the corresponding CPI values:

Value2021
=Value2004 ×
CPI2021/CPI2004
=₽ 100 ×
131.57/35.99
₽365.61

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 153.58:

Valuetoday
=Value2004 ×
CPItoday/CPI2004
=₽ 100 ×
153.58/35.99
₽426.76

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 17 years between 2004 and 2021 and the average inflation rate was 7.9241%. Therefore, we can resolve the formula like this:

Value2021
=PV × (1 + i)n
=₽100 × (1 + 0.079241)17
₽365.61

Russia inflation - Conversion table

Initial Value Equivalent value
₽1 ruble in 2004 ₽3.66 rubles in 2021
₽5 rubles in 2004 ₽18.28 rubles in 2021
₽10 rubles in 2004 ₽36.56 rubles in 2021
₽50 rubles in 2004 ₽182.8 rubles in 2021
₽100 rubles in 2004 ₽365.61 rubles in 2021
₽500 rubles in 2004 ₽1,828.04 rubles in 2021
₽1,000 rubles in 2004 ₽3,656.09 rubles in 2021
₽5,000 rubles in 2004 ₽18,280.44 rubles in 2021
₽10,000 rubles in 2004 ₽36,560.88 rubles in 2021
₽50,000 rubles in 2004 ₽182,804.4 rubles in 2021
₽100,000 rubles in 2004 ₽365,608.8 rubles in 2021
₽500,000 rubles in 2004 ₽1,828,043.98 rubles in 2021
₽1,000,000 rubles in 2004 ₽3,656,087.96 rubles in 2021
Cumulative inflation From 2004 326.76%
Avg. annual inflation From 2004 8.4%
CPI 2004 35.99
CPI today 153.58

Value of Ruble over time (by year)

Period Value
2004 100
2005 112.69
2006 123.58
2007 134.71
2008 153.72
2009 171.62
2010 183.38
2011 198.86
2012 208.95
2013 223.06
2014 240.51
2015 277.88
2016 297.44
2017 308.4
2018 317.28
2019 331.46
2020 342.67
2021 365.61
2022-03 417.78
Today 426.76

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: