# Inflation calculator - Russian Ruble

₽1 in 1999
₽7.34 in 2020

The inflation rate in Russia between 1999 and 2020 was 633.85%, which translates into a total increase of ₽6.34. This means that 1 rubles in 1999 are equivalent to 7.34 rubles in 2020. In other words, the purchasing power of ₽1 in 1999 equals ₽7.34 in 2020. The average annual inflation rate between these periods was 9.96%.

## Inflation timeline in Russia (1999 - 2020)

The following chart depicts the equivalence of ₽1 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.

The following table contains relevant indicators:

Indicator Value
Cumulative inflation from 1999 to 2020 633.85%
Avg. Annual inflation from 1999 to 2020 9.96%
CPI 1999 16.8
CPI 2020 123.32

## How to calculate the time value of money with inflation data?

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 2020, use the corresponding CPI values:

Value2020
=Value1999 ×
CPI2020/CPI1999
=₽ 1 ×
123.32/16.8
₽7.34

### 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 is ₽1 worth today. There are 21 years between 1999 and 2020 and the average inflation rate was 9.9561%. Therefore, we can resolve the formula like this:

Value2020
=PV × (1 + i)n
=₽1 × (1 + 0.099561)21
₽7.34

## Russia inflation - Conversion table

Initial Value Equivalent value
₽1 ruble in 1999 ₽7.34 rubles in 2020
₽5 rubles in 1999 ₽36.69 rubles in 2020
₽10 rubles in 1999 ₽73.38 rubles in 2020
₽50 rubles in 1999 ₽366.92 rubles in 2020
₽100 rubles in 1999 ₽733.85 rubles in 2020
₽500 rubles in 1999 ₽3,669.23 rubles in 2020
₽1,000 rubles in 1999 ₽7,338.46 rubles in 2020
₽5,000 rubles in 1999 ₽36,692.3 rubles in 2020
₽10,000 rubles in 1999 ₽73,384.61 rubles in 2020
₽50,000 rubles in 1999 ₽366,923.05 rubles in 2020
₽100,000 rubles in 1999 ₽733,846.1 rubles in 2020
₽500,000 rubles in 1999 ₽3,669,230.49 rubles in 2020
₽1,000,000 rubles in 1999 ₽7,338,460.99 rubles in 2020
 Cumulative inflation 1999-2020 633.85% Avg. annual inflation 1999-2020 9.96% CPI 1999 16.8 CPI 2020 123.32

### Value of Ruble over time (by year)

Period Value
1999 1
2000 1.21
2001 1.47
2002 1.7
2003 1.93
2004 2.14
2005 2.41
2006 2.65
2007 2.88
2008 3.29
2009 3.68
2010 3.93
2011 4.26
2012 4.47
2013 4.78
2014 5.15
2015 5.95
2016 6.37
2017 6.6
2018 6.79
2019 7.1
2020 7.34

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: