Result: ₽100 in 1993 → ₽36,163.71 in 2020
Why a ruble today is worth only 0.3% of a ruble in 1993
Updated: September 11, 2020According to the World Bank consumer price index for Russia, today's prices in 2020 are 36,063.71% higher than average prices since 1993. This means that a ruble today only buys 0.28% of what it could buy in 1993. The Russian Ruble experienced an average inflation rate of 24.38% per year during this period, causing the real value of a ruble to decrease.
In other words, ₽100 in 1993 is equivalent in purchasing power to about ₽36,163.71 in 2020, a difference of ₽36,063.71 over 27 years. This inflation data is collected by the World Bank and is specific to Russia.
The 1993 inflation rate was 874.25%. The current year-over-year inflation rate (2019 to 2020) is now 4.47%1. If this number holds, ₽100 today will be equivalent in buying power to ₽104.47 next year.
⌃
| Cumulative price change | 36,063.71% |
| Average inflation rate | 24.38% |
| Converted amount (₽100 base) | ₽36,163.71 |
| Price difference (₽100 base) | ₽36,063.71 |
| CPI in 1993 | 0.522 |
| CPI in 2020 | 188.830 |
| Inflation in 1993 | 874.25% |
| Inflation in 2020 | 4.47% |
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 ₽36,163.71 in order to "adjust" for inflation (sometimes refered to as "beating inflation").
When ₽100 is equivalent to ₽36,163.71 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 27 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 36,063.71% change in prices:
| Initial value | Equivalent value |
|---|---|
| ₽1 ruble in 1993 | ₽361.64 rubles today |
| ₽5 rubles in 1993 | ₽1,808.19 rubles today |
| ₽10 rubles in 1993 | ₽3,616.37 rubles today |
| ₽50 rubles in 1993 | ₽18,081.85 rubles today |
| ₽100 rubles in 1993 | ₽36,163.71 rubles today |
| ₽500 rubles in 1993 | ₽180,818.53 rubles today |
| ₽1,000 rubles in 1993 | ₽361,637.05 rubles today |
| ₽5,000 rubles in 1993 | ₽1,808,185.27 rubles today |
| ₽10,000 rubles in 1993 | ₽3,616,370.54 rubles today |
| ₽50,000 rubles in 1993 | ₽18,081,852.69 rubles today |
| ₽100,000 rubles in 1993 | ₽36,163,705.38 rubles today |
| ₽500,000 rubles in 1993 | ₽180,818,526.88 rubles today |
| ₽1,000,000 rubles in 1993 | ₽361,637,053.76 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 188.83046308379213 in 2020:
188.830463083792130.522154633
×
₽100
=
₽36,163.71
₽100 in 1993 has the same "purchasing power" or "buying power" as ₽36,163.71 in 2020.
To get the total inflation rate for the 27 years between 1993 and 2020, we use the following formula:
CPI in 2020 - CPI in 1993CPI in 1993
×
100
=
Cumulative inflation rate (27 years)
Plugging in the values to this equation, we get:
188.83046308379213 - 0.5221546330.522154633
×
100
=
36,064%
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, 1993-2020 (RUB).” Official Inflation Data, Alioth Finance, 17 Sep. 2020, https://www.officialdata.org/russia/inflation.
Special thanks to QuickChart for their chart image API, which is used for chart downloads.
| Cumulative price change | 36,063.71% |
| Average inflation rate | 24.38% |
| Converted amount (₽100 base) | ₽36,163.71 |
| Price difference (₽100 base) | ₽36,063.71 |
| CPI in 1993 | 0.522 |
| CPI in 2020 | 188.830 |
| Inflation in 1993 | 874.25% |
| Inflation in 2020 | 4.47% |