**Result:**
$100
in 1961 →
$7,557.65
in 2020

According to the World Bank consumer price index for India, today's prices in 2020 are 7,457.65% higher than average prices since 1961. This means that a rupee today only buys 1.32% of what it could buy in 1961. The Indian Rupee experienced an average inflation rate of 7.61% per year during this period, causing the real value of a rupee to decrease.

In other words, $100 in 1961 is equivalent in purchasing power to about $7,557.65 in 2020, a difference of $7,457.65 over 59 years. This inflation data is collected by the World Bank and is specific to India.

The 1961 inflation rate was 1.70%. The current year-over-year inflation rate (2019 to 2020) is now 7.66%^{1}.
If this number holds, $100 today will be equivalent in buying power to $107.66 next year.

⌃

Cumulative price change | 7,457.65% |

Average inflation rate | 7.61% |

Converted amount ($100 base) | $7,557.65 |

Price difference ($100 base) | $7,457.65 |

CPI in 1961 | 2.570 |

CPI in 2020 | 194.257 |

Inflation in 1961 | 1.70% |

Inflation in 2020 | 7.66% |

This chart shows a calculation of buying power equivalence for $100 in 1961 (price index tracking began in 1960).

For example, if you started with $100, you would need to end with $7,557.65 in order to "adjust" for inflation (sometimes refered to as "beating inflation").

When $100 is equivalent to $7,557.65 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 1961 dollars, the chart below shows how $100 is worth less over 59 years.

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

This conversion table shows various other 1961 amounts in today's rupees, based on the 7,457.65% change in prices:

Initial value | Equivalent value |
---|---|

$1 rupee in 1961 | $75.58 rupees today |

$5 rupees in 1961 | $377.88 rupees today |

$10 rupees in 1961 | $755.76 rupees today |

$50 rupees in 1961 | $3,778.82 rupees today |

$100 rupees in 1961 | $7,557.65 rupees today |

$500 rupees in 1961 | $37,788.23 rupees today |

$1,000 rupees in 1961 | $75,576.45 rupees today |

$5,000 rupees in 1961 | $377,882.26 rupees today |

$10,000 rupees in 1961 | $755,764.51 rupees today |

$50,000 rupees in 1961 | $3,778,822.57 rupees today |

$100,000 rupees in 1961 | $7,557,645.14 rupees today |

$500,000 rupees in 1961 | $37,788,225.71 rupees today |

$1,000,000 rupees in 1961 | $75,576,451.42 rupees today |

Our calculations use the following inflation rate formula to calculate the change in value between 1961 and today:

CPI today
CPI in 1961

×

1961 INR value

=

Today's value

Then plug in historical CPI values. The Indian CPI was 2.5703329702 in the year 1961 and 194.2566448485823 in 2020:

194.25664484858232.5703329702

×

$100

=

$100 in 1961 has the same "purchasing power" or "buying power" as $7,557.65 in 2020.

To get the total inflation rate for the 59 years between 1961 and 2020, we use the following formula:

CPI in 2020 - CPI in 1961CPI in 1961

×

100

=

Plugging in the values to this equation, we get:

194.2566448485823 - 2.57033297022.5703329702

×

100

=

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

- A dog named Chernushka, frogs, and a guinea pig orbit the Earth in the Soviet flight Sputnik 9.
- Nelson Mandela is acquitted of treason after a four-and-a-half year trial.

You may use the following MLA citation for this page: “India Inflation Calculator: World Bank data, 1961-2020 (INR).” Official Inflation Data, Alioth Finance, 7 Aug. 2020, https://www.officialdata.org/india/inflation.

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

Cumulative price change | 7,457.65% |

Average inflation rate | 7.61% |

Converted amount ($100 base) | $7,557.65 |

Price difference ($100 base) | $7,457.65 |

CPI in 1961 | 2.570 |

CPI in 2020 | 194.257 |

Inflation in 1961 | 1.70% |

Inflation in 2020 | 7.66% |