Value of 2016 Russian Rubles today

₽100 in 2016
₽143.67 in 2022

The inflation rate in Russia between 2016 and today has been 43.67%, which translates into a total increase of ₽43.67. This means that 100 rubles in 2016 are equivalent to 143.67 rubles in 2022. In other words, the purchasing power of ₽100 in 2016 equals ₽143.67 today. The average annual inflation rate between these periods has been 6.23%.

Inflation timeline in Russia (2016 - 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 2016-2021 22.92%
Cumulative inflation 2016-today 43.67%
Avg. Annual inflation 2016-2021 4.21%
CPI 2016 107.04
CPI 2021 131.57
CPI 2022-03 (latest official data) 150.35
CPI today 153.79

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 2016 and 2021, use the corresponding CPI values:

Value2021
=Value2016 ×
CPI2021/CPI2016
=₽ 100 ×
131.57/107.04
₽122.92

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 153.79:

Valuetoday
=Value2016 ×
CPItoday/CPI2016
=₽ 100 ×
153.79/107.04
₽143.67

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 5 years between 2016 and 2021 and the average inflation rate was 4.2131%. Therefore, we can resolve the formula like this:

Value2021
=PV × (1 + i)n
=₽100 × (1 + 0.042131)5
₽122.92

Russia inflation - Conversion table

Initial Value Equivalent value
₽1 ruble in 2016 ₽1.23 rubles in 2021
₽5 rubles in 2016 ₽6.15 rubles in 2021
₽10 rubles in 2016 ₽12.29 rubles in 2021
₽50 rubles in 2016 ₽61.46 rubles in 2021
₽100 rubles in 2016 ₽122.92 rubles in 2021
₽500 rubles in 2016 ₽614.58 rubles in 2021
₽1,000 rubles in 2016 ₽1,229.17 rubles in 2021
₽5,000 rubles in 2016 ₽6,145.84 rubles in 2021
₽10,000 rubles in 2016 ₽12,291.68 rubles in 2021
₽50,000 rubles in 2016 ₽61,458.4 rubles in 2021
₽100,000 rubles in 2016 ₽122,916.81 rubles in 2021
₽500,000 rubles in 2016 ₽614,584.03 rubles in 2021
₽1,000,000 rubles in 2016 ₽1,229,168.07 rubles in 2021
Cumulative inflation From 2016 43.67%
Avg. annual inflation From 2016 6.23%
CPI 2016 107.04
CPI today 153.79

Value of Ruble over time (by year)

Period Value
2016 100
2017 103.68
2018 106.67
2019 111.44
2020 115.2
2021 122.92
2022-03 140.46
Today 143.67

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: