The inflation rate in Russia between 2010 and 2015 was 51.53%, which translates into a total increase of ₽515,294.55. This means that 1,000,000 rubles in 2010 are equivalent to 1,515,294.55 rubles in 2015. In other words, the purchasing power of ₽1,000,000 in 2010 equals ₽1,515,294.55 in 2015. The average annual inflation rate between these periods was 8.67%.
The following chart depicts the equivalence of ₽1,000,000 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 2010 to 2015 | 51.53% |
Avg. Annual inflation from 2010 to 2015 | 8.67% |
CPI 2010 | 65.99 |
CPI 2015 | 100 |
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.
When we have both the start and end years, we can use the following formula:
To obtain the values equivalent in buying power between 2010 and 2015, use the corresponding CPI values:
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:
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 ₽1,000,000 worth today. There are 5 years between 2010 and 2015 and the average inflation rate was 8.6674%. Therefore, we can resolve the formula like this:
Initial Value | Equivalent value | |
---|---|---|
₽1 ruble in 2010 | → | ₽1.52 rubles in 2015 |
₽5 rubles in 2010 | → | ₽7.58 rubles in 2015 |
₽10 rubles in 2010 | → | ₽15.15 rubles in 2015 |
₽50 rubles in 2010 | → | ₽75.76 rubles in 2015 |
₽100 rubles in 2010 | → | ₽151.53 rubles in 2015 |
₽500 rubles in 2010 | → | ₽757.65 rubles in 2015 |
₽1,000 rubles in 2010 | → | ₽1,515.29 rubles in 2015 |
₽5,000 rubles in 2010 | → | ₽7,576.47 rubles in 2015 |
₽10,000 rubles in 2010 | → | ₽15,152.95 rubles in 2015 |
₽50,000 rubles in 2010 | → | ₽75,764.73 rubles in 2015 |
₽100,000 rubles in 2010 | → | ₽151,529.45 rubles in 2015 |
₽500,000 rubles in 2010 | → | ₽757,647.27 rubles in 2015 |
₽1,000,000 rubles in 2010 | → | ₽1,515,294.55 rubles in 2015 |
Cumulative inflation 2010-2015 | 51.53% |
Avg. annual inflation 2010-2015 | 8.67% |
CPI 2010 | 65.99 |
CPI 2015 | 100 |
Period | Value |
---|---|
2010 | 1,000,000 |
2011 | 1,084,404.63 |
2012 | 1,139,435.28 |
2013 | 1,216,389.52 |
2014 | 1,311,552.74 |
2015 | 1,515,294.55 |
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: