Result: ₽100 in 1993 → ₽36,997.02 in 2021
Why a ruble today is worth only 0.3% of a ruble in 1993
Updated: October 13, 2021₽100 in 1993 is equivalent in purchasing power to about ₽36,997.02 today, an increase of ₽36,897.02 over 28 years. The ruble had an average inflation rate of 23.52% per year between 1993 and today, producing a cumulative price increase of 36,897.02%.
This means that today's prices are 369.97 times higher than average prices since 1993, according to the World Bank consumer price index for Russia. A ruble today only buys 0.27% of what it could buy back then.
The 1993 inflation rate was 874.25%. The current year-over-year inflation rate (2020 to 2021) is now 3.38%1. If this number holds, ₽100 today will be equivalent in buying power to ₽103.38 next year.
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| Cumulative price change | 36,897.02% |
| Average inflation rate | 23.52% |
| Converted amount (₽100 base) | ₽36,997.02 |
| Price difference (₽100 base) | ₽36,897.02 |
| CPI in 1993 | 0.522 |
| CPI in 2021 | 193.182 |
| Inflation in 1993 | 874.25% |
| Inflation in 2021 | 3.38% |
| ₽100 in 1993 | ₽36,997.02 in 2021 |
Buying power of ₽100 in 1993
This chart shows a calculation of buying power equivalence for ₽100 in 1993 (price index tracking began in 1992).
For example, if you started with ₽100, you would need to end with ₽36,997.02 in order to "adjust" for inflation (sometimes refered to as "beating inflation").
When ₽100 is equivalent to ₽36,997.02 over time, that means that the "real value" of a single Russian ruble decreases over time. In other words, a ruble will pay for fewer items at the store.
This effect explains how inflation erodes the value of a ruble over time. By calculating the value in 1993 dollars, the chart below shows how ₽100 is worth less over 28 years.
According to the World Bank, each of these RUB amounts below is equal in terms of what it could buy at the time:
This conversion table shows various other 1993 amounts in today's rubles, based on the 36,897.02% change in prices:
| Initial value | Equivalent value |
|---|---|
| ₽1 ruble in 1993 | ₽369.97 rubles today |
| ₽5 rubles in 1993 | ₽1,849.85 rubles today |
| ₽10 rubles in 1993 | ₽3,699.70 rubles today |
| ₽50 rubles in 1993 | ₽18,498.51 rubles today |
| ₽100 rubles in 1993 | ₽36,997.02 rubles today |
| ₽500 rubles in 1993 | ₽184,985.12 rubles today |
| ₽1,000 rubles in 1993 | ₽369,970.25 rubles today |
| ₽5,000 rubles in 1993 | ₽1,849,851.24 rubles today |
| ₽10,000 rubles in 1993 | ₽3,699,702.48 rubles today |
| ₽50,000 rubles in 1993 | ₽18,498,512.42 rubles today |
| ₽100,000 rubles in 1993 | ₽36,997,024.84 rubles today |
| ₽500,000 rubles in 1993 | ₽184,985,124.18 rubles today |
| ₽1,000,000 rubles in 1993 | ₽369,970,248.36 rubles today |
How to Calculate Inflation Rate for ₽100 since 1993
Our calculations use the following inflation rate formula to calculate the change in value between 1993 and today:
CPI today
CPI in 1993
×
1993 RUB value
=
Today's value
Then plug in historical CPI values. The Russian CPI was 0.522154633 in the year 1993 and 193.18167925200342 in 2021:
193.181679252003420.522154633
×
₽100
=
₽36,997.02
₽100 in 1993 has the same "purchasing power" or "buying power" as ₽36,997.02 in 2021.
To get the total inflation rate for the 28 years between 1993 and 2021, we use the following formula:
CPI in 2021 - CPI in 1993CPI in 1993
×
100
=
Cumulative inflation rate (28 years)
Plugging in the values to this equation, we get:
193.18167925200342 - 0.5221546330.522154633
×
100
=
36,897%
News headlines from 1993
Politics and news often influence economic performance. Here's what was happening at the time:
- Letters of mutual recognition are exchanged between Israel and the Palestine Liberation Organization.
- The Nobel Peace Prize is awarded to Nelson Mandela and South African President de Klerk.
- A new democratic constitution is approved by black and white leaders in South Africa.
Data Source & Citation
You may use the following MLA citation for this page: “Russia Inflation Calculator: World Bank data, 1993-2021 (RUB).” Official Inflation Data, Alioth Finance, 19 Oct. 2021, https://www.officialdata.org/russia/inflation.
Special thanks to QuickChart for their chart image API, which is used for chart downloads.
| Cumulative price change | 36,897.02% |
| Average inflation rate | 23.52% |
| Converted amount (₽100 base) | ₽36,997.02 |
| Price difference (₽100 base) | ₽36,897.02 |
| CPI in 1993 | 0.522 |
| CPI in 2021 | 193.182 |
| Inflation in 1993 | 874.25% |
| Inflation in 2021 | 3.38% |
| ₽100 in 1993 | ₽36,997.02 in 2021 |