# Value of 2008 Russian Rubles today

₽100 in 2008

₽247.91 in 2021

The inflation rate in Russia between 2008 and today has been 147.91%, which translates into a total increase of ₽147.91. This means that 100 rubles in 2008 are equivalent to 247.91 rubles in 2021. In other words, the purchasing power of ₽100 in 2008 equals ₽247.91 today. The average annual inflation rate has been 6.7%.

## Inflation timeline in Russia (2008-2021)

The following chart depicts the equivalence of ₽100 throughout the years due to 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 obtained by estimating figures from recent trends.

The following table contains relevant indicators:

Indicator Value
Total Inflation (2008-2021) 147.1%
Total Inflation* 147.91%
Annual inflation avg. (2008-2021) 7.21%
Annual inflation avg.* 6.7%
CPI 2008 51.05
CPI 2021 126.15
CPI today* 126.57
₽1 in 2008 ₽2.47 in 2021

* 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 with 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 13 years between 2008 and 2021 and the average inflation rate has been 6.6998%. Therefore, we can resolve the formula like this:

FV = PV (1 + i)n = ₽100 * (1 + 0.07)13 = ₽247.1

#### 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 2008 was 51.05 and the CPI today is 126.57. Therefore,

Final value = Initial value *
CPI final/CPI initial
= ₽100 *
126.15/51.05
= ₽247.1

### Russia inflation - Conversion table

Initial Value Equivalent value
₽1 ruble in 2008 ₽2.48 rubles today
₽5 rubles in 2008 ₽12.4 rubles today
₽10 rubles in 2008 ₽24.79 rubles today
₽50 rubles in 2008 ₽123.95 rubles today
₽100 rubles in 2008 ₽247.91 rubles today
₽500 rubles in 2008 ₽1,239.54 rubles today
₽1,000 rubles in 2008 ₽2,479.09 rubles today
₽5,000 rubles in 2008 ₽12,395.45 rubles today
₽10,000 rubles in 2008 ₽24,790.9 rubles today
₽50,000 rubles in 2008 ₽123,954.5 rubles today
₽100,000 rubles in 2008 ₽247,909 rubles today
₽500,000 rubles in 2008 ₽1,239,545 rubles today
₽1,000,000 rubles in 2008 ₽2,479,090 rubles today

Period Value
2008 100
2009 113.28
2010 123.25
2011 134.06
2012 142.24
2013 151.6
2014 161.37
2015 179.71
2016 202.91
2017 213.81
2018 219.21
2019 228.57
2020 235.53
2021 247.1
Today 247.91