All calculations are performed in the local currency (RUB) and using 6 decimal digits. 2011 |

1994 | There are several ways to calculate the time value of money. 1999 | If there is a 10 times more money, divide price by 10.

Inflation data is provided by governments and international institutions on a monthly basis. Federal State Statistics Service publishes the consumer price indexes that characterize the level of inflation in Russia since 1991.

Also, please do not modify any references to the original work (if any) contained in this content. Just set starting and ending period, and you will know how much less than before you could buy with the specified amount of rubles. It looks like some pattern: the higher half-life of currency the better is the economy doing. This content is licensed under Creative Commons Attribution/Share-Alike License 3.0 (Unported). domestic unrest, so they had to stabilize the ruble and the economy in order to remain in power. # of years). In other words, the purchasing power of ₽100 in 2018 equals ₽107.47 today. 2014 | In order to post comments, please make sure JavaScript and Cookies are enabled, and reload the page. http://ru.wikipedia.org/wiki/%D0%98%D0%BD%D1%84%D0%BB%D1%8F%D1%86%D0%B8%D1%8F, is a process of reducing the value of the money as a result of which you can buy less goods for the same amount of money.

If there is a twice more money in circulation, divide price by two. Depending on the data available, results can be obtained by using the compound interest formula or the Consumer Price Index (CPI) formula. 2015 | 2007 | 1998 | During this period the country experienced hyperinflation, carried out two cash reforms (confiscatory reforms of 1991 and 1993.) There are 2 years between 2018 and 2020 and the average inflation rate has been 2.4313%.

The inflation rate in Russia between 2018 and today has been 7.54%, which translates into a total increase of ₽7.54. According to the World Bank consumer price index for Russia, today's prices in 2020 are 36,063.71% higher than average prices since 1993. Save my name, email, and website in this browser for the next time I comment. Inflation according to Wikipedia 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. Based on the data of the Federal State Statistics Service of the Russian Federation. When the CPI for both start and end years is known, the following formula can be used: In this case, the CPI in 2018 was 111.91 and the CPI today is 120.28.

Starting from January 2009 until mid-February, inflation in Russia was 3.2% already, it is quite a large index, but it's nothing compared to what it was in the history of modern Russia.

Desire of people for justice, small government, free markets, gold standard, self responsibility, private ownership etc. If there is a twice more money in circulation, divide price by two.

2005 | Ruble, adjusted for inflation (M2 inflation): I think this chart explains why Russian economy is doing so poorly. Currently you have JavaScript disabled. 1995 | Therefore, 1993 | INFLATION ADJUSTED PRICES – Calculation using M2 money-supply rate. The consumer price index is calculated by dividing the value of the consumer basket for the year to cost of consumer basket over the past year and multiplying by 100%. So rich country but doing so poorly.

Required fields are marked *. Krasnoyarsk city comparable to Calgary. Historically, the Russian Ruble reached an all time high of 85.97 in January of 2016. Half-life of Russian Ruble is only 3.2 years. Your email address will not be published. 2000 | Russian Ruble is loosing half of its value every 3 years! If there is a 10 times more money, divide price by 10. Your email address will not be published. So close and so far away as well…. Click here for instructions on how to enable JavaScript in your browser. 2008 |

The USDRUB increased 0.6622 or 0.84% to 79.5046 on Friday October 30 from 78.8424 in the previous trading session. 1996 | Click here for instructions on how to enable JavaScript in your browser. INFLATION ADJUSTED PRICES – Calculation using M2 money-supply rate. 2004 | Calculators used to calculate the index reference book for the consumer prices /249/, which was created based on the materials of the Federal State Statistics Service site http://www.gks.ru/free_doc/new_site/prices/ipc_data.htm. Everyone who receives the link will be able to view this calculation, Copyright © PlanetCalc Version: Russia is mystery and disappointment to me. and one denomination in 1998. 3.0.3881.0, http://ru.wikipedia.org/wiki/%D0%98%D0%BD%D1%84%D0%BB%D1%8F%D1%86%D0%B8%D1%8F, http://www.gks.ru/free_doc/new_site/prices/ipc_data.htm. United states in the 1950’s and 1960’s were (because of 1930’s New deal program) pretty much enclosed economy but in spite of that were doing extremely well. 2019, n: Number of times the interest is compounded (i.e. 2012 | The average annual inflation rate has been 2.43%. Russia Ruble (currency) Ruble, nominal value: Ruble, adjusted for inflation (M2 inflation): The following table contains relevant indicators: * Values extrapolated from the last official data to obtain today's values. 2017 |

2016 | Our calculator allows you to estimate the change in ruble purchasing power during the period from 1991 to the present time. Switzerland is the leader with half-life of Swiss Franc reaching nearly 15 years. This means that 100 rubles in 2018 are equivalent to 107.54 rubles in 2020.In other words, the purchasing power of ₽100 in 2018 equals ₽107.54 today. To me the missing spark for Russian economy to boom is the old American mentality. ₽100 in 2018 ₽107.54 in 2020. This means that a ruble today only buys 0.28% of what it could buy in 1993. Try to imagine how would any economy do on gold standard!

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