India Inflation Calculator

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Result: $100 in 1960 → $8,291.05 in 2022


Why a rupee today is worth only 1% of a rupee in 1960

Updated: January 12, 2022

$100 in 1960 is equivalent in purchasing power to about $8,291.05 today, an increase of $8,191.05 over 62 years. The rupee had an average inflation rate of 7.39% per year between 1960 and today, producing a cumulative price increase of 8,191.05%.

This means that today's prices are 82.91 times higher than average prices since 1960, according to the World Bank consumer price index for India. A rupee today only buys 1.21% of what it could buy back then.

The inflation rate in 1960 was 1.78%. The current year-over-year inflation rate (2021 to 2022) is now 6.62%. If this number holds, $100 today will be equivalent in buying power to $106.62 next year.


Inflation from 1960 to 2022
Cumulative price change 8,191.05%
Average inflation rate 7.39%
Converted amount ($100 base) $8,291.05
Price difference ($100 base) $8,191.05
CPI in 1960 1.018
CPI in 2022 84.386
Inflation in 1960 1.78%
Inflation in 2022 6.62%
$100 in 1960 $8,291.05 in 2022

INR Inflation since 1959
Annual Rate, the World Bank CPI
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Buying power of $100 in 1960

This chart shows a calculation of buying power equivalence for $100 in 1960 (price index tracking began in 1959).

For example, if you started with $100, you would need to end with $8,291.05 in order to "adjust" for inflation (sometimes refered to as "beating inflation").

When $100 is equivalent to $8,291.05 over time, that means that the "real value" of a single Indian rupee decreases over time. In other words, a rupee will pay for fewer items at the store.

This effect explains how inflation erodes the value of a rupee over time. By calculating the value in 1960 dollars, the chart below shows how $100 is worth less over 62 years.

According to the World Bank, each of these INR amounts below is equal in terms of what it could buy at the time:

Rupee inflation: 1960-2022
Year Rupee Value Inflation Rate
1960 $100.00 1.78%
1961 $101.70 1.70%
1962 $105.39 3.63%
1963 $108.49 2.95%
1964 $122.98 13.36%
1965 $134.64 9.47%
1966 $149.18 10.80%
1967 $168.67 13.06%
1968 $174.13 3.24%
1969 $173.11 -0.58%
1970 $181.92 5.09%
1971 $187.53 3.08%
1972 $199.61 6.44%
1973 $233.42 16.94%
1974 $300.18 28.60%
1975 $317.43 5.75%
1976 $293.20 -7.63%
1977 $317.56 8.31%
1978 $325.57 2.52%
1979 $346.00 6.28%
1980 $385.26 11.35%
1981 $435.78 13.11%
1982 $470.16 7.89%
1983 $525.96 11.87%
1984 $569.72 8.32%
1985 $601.37 5.56%
1986 $653.87 8.73%
1987 $711.42 8.80%
1988 $778.18 9.38%
1989 $833.23 7.07%
1990 $907.98 8.97%
1991 $1,033.92 13.87%
1992 $1,155.79 11.79%
1993 $1,228.92 6.33%
1994 $1,354.86 10.25%
1995 $1,493.39 10.22%
1996 $1,627.45 8.98%
1997 $1,744.05 7.16%
1998 $1,974.80 13.23%
1999 $2,067.02 4.67%
2000 $2,149.90 4.01%
2001 $2,231.15 3.78%
2002 $2,327.02 4.30%
2003 $2,415.59 3.81%
2004 $2,506.59 3.77%
2005 $2,613.02 4.25%
2006 $2,764.49 5.80%
2007 $2,940.67 6.37%
2008 $3,186.19 8.35%
2009 $3,532.92 10.88%
2010 $3,956.50 11.99%
2011 $4,306.98 8.86%
2012 $4,708.07 9.31%
2013 $5,228.95 11.06%
2014 $5,576.65 6.65%
2015 $5,850.29 4.91%
2016 $6,139.78 4.95%
2017 $6,344.12 3.33%
2018 $6,594.40 3.95%
2019 $6,839.93 3.72%
2020 $7,292.97 6.62%
2021 $7,776.01 6.62%
2022 $8,291.05 6.62%*
* Compared to previous annual rate. Not final. See inflation summary for latest 12-month trailing value.
Click to show 56 more rows

This conversion table shows various other 1960 amounts in today's rupees, based on the 8,191.05% change in prices:

Conversion: 1960 rupees today
Initial value Equivalent value
$1 rupee in 1960 $82.91 rupees today
$5 rupees in 1960 $414.55 rupees today
$10 rupees in 1960 $829.11 rupees today
$50 rupees in 1960 $4,145.53 rupees today
$100 rupees in 1960 $8,291.05 rupees today
$500 rupees in 1960 $41,455.27 rupees today
$1,000 rupees in 1960 $82,910.53 rupees today
$5,000 rupees in 1960 $414,552.67 rupees today
$10,000 rupees in 1960 $829,105.33 rupees today
$50,000 rupees in 1960 $4,145,526.66 rupees today
$100,000 rupees in 1960 $8,291,053.32 rupees today
$500,000 rupees in 1960 $41,455,266.61 rupees today
$1,000,000 rupees in 1960 $82,910,533.22 rupees today

How to Calculate Inflation Rate for $100 since 1960

Our calculations use the following inflation rate formula to calculate the change in value between 1960 and today:

CPI today CPI in 1960
×
1960 INR value
=
Today's value

Then plug in historical CPI values. The Indian CPI was 1.017798778468 in the year 1960 and 84.38623943727578 in 2022:

84.386239437275781.017798778468
×
$100
=
$8,291.05

$100 in 1960 has the same "purchasing power" or "buying power" as $8,291.05 in 2022.

To get the total inflation rate for the 62 years between 1960 and 2022, we use the following formula:

CPI in 2022 - CPI in 1960CPI in 1960
×
100
=
Cumulative inflation rate (62 years)

Plugging in the values to this equation, we get:

84.38623943727578 - 1.0177987784681.017798778468
×
100
=
8,191%

News headlines from 1960

Politics and news often influence economic performance. Here's what was happening at the time:

  • Johnny Cash plays his first concert in a prison.
  • The Bank of France issues new franc currency, worth 100 times the value of old francs.
  • France grants independence to Cameroon (previously French Cameroon) after years of fighting.
  • Guided missiles are launched for the first time from a nuclear powered submarine

Data Source & Citation

You may use the following MLA citation for this page: “India Inflation Calculator: World Bank data, 1960-2022 (INR).” Official Inflation Data, Alioth Finance, 14 Jan. 2022, https://www.officialdata.org/india/inflation.

Special thanks to QuickChart for their chart image API, which is used for chart downloads.


Ian Webster

About the author

Ian Webster is an engineer and data expert based in San Mateo, California. He has worked for Google, NASA, and consulted for governments around the world on data pipelines and data analysis. Disappointed by the lack of clear resources on the impacts of inflation on economic indicators, Ian believes this website serves as a valuable public tool. Ian earned his degree in Computer Science from Dartmouth College.

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Inflation from 1960 to 2022
Cumulative price change 8,191.05%
Average inflation rate 7.39%
Converted amount ($100 base) $8,291.05
Price difference ($100 base) $8,191.05
CPI in 1960 1.018
CPI in 2022 84.386
Inflation in 1960 1.78%
Inflation in 2022 6.62%
$100 in 1960 $8,291.05 in 2022