Inflation calculator - Russian Ruble

₽1,356 in 2011

₽2,311.86 in 2019

The inflation rate in Russia between 2011 and 2019 was 70.49%, which translates into a total increase of ₽955.86. This means that 1,356 rubles in 2011 are equivalent to 2,311.86 rubles in 2019. In other words, the purchasing power of ₽1,356 in 2011 equals ₽2,311.86 in 2019. The average annual inflation rate between these periods was 6.9%.

Inflation timeline in Russia (2011 - 2019)

The following chart depicts the equivalence of ₽1,356 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.

The following table contains relevant indicators:

Indicator Value
Total Inflation (2011-2019) 70.49%
Annual inflation avg. (2011-2019) 6.9%
CPI 2011 68.44
CPI 2019 116.69
₽1 in 2011 ₽1.7 in 2019

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 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, the future value is the amount in 2019 that equals ₽1,356 in 2011 in terms of purchasing power. There are 8 years between 2011 and 2019 and the average inflation rate was 6.8963%. Therefore, we can resolve the formula like this:

FV = PV (1 + i)n = ₽1356 * (1 + 0.068963)8 = ₽2,311.855777 ≈ ₽2,311.86

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 2011 was 68.44 and in 2019 was 116.69. Therefore,

Final value = Initial value *
CPI final/CPI initial
= ₽1,356 *
116.69/68.44
= ₽2,311.86

Russia inflation - Conversion table

Initial Value Equivalent value
₽1 ruble in 2011 ₽1.7 rubles in 2019
₽5 rubles in 2011 ₽8.52 rubles in 2019
₽10 rubles in 2011 ₽17.05 rubles in 2019
₽50 rubles in 2011 ₽85.25 rubles in 2019
₽100 rubles in 2011 ₽170.49 rubles in 2019
₽500 rubles in 2011 ₽852.45 rubles in 2019
₽1,000 rubles in 2011 ₽1,704.91 rubles in 2019
₽5,000 rubles in 2011 ₽8,524.54 rubles in 2019
₽10,000 rubles in 2011 ₽17,049.08 rubles in 2019
₽50,000 rubles in 2011 ₽85,245.42 rubles in 2019
₽100,000 rubles in 2011 ₽170,490.84 rubles in 2019
₽500,000 rubles in 2011 ₽852,454.19 rubles in 2019
₽1,000,000 rubles in 2011 ₽1,704,908.39 rubles in 2019

Value of Ruble over time (by year)

Period Value
2011 1,356
2012 1,438.72
2013 1,533.33
2014 1,632.23
2015 1,817.69
2016 2,052.32
2017 2,162.64
2018 2,217.2
2019 2,311.86