Result: ₽100 in 1993 → ₽35,069.15 in 2020
Russian Inflation Rate, ₽100 in 1993 to 2020
Updated: January 15, 2020According to the World Bank consumer price index for Russia, today's prices in 2020 are 34,969.15% higher than average prices since 1993. The Russian Ruble experienced an average inflation rate of 24.24% per year during this period, meaning the real value of a ruble decreased.
In other words, ₽100 in 1993 is equivalent in purchasing power to about ₽35,069.15 in 2020, a difference of ₽34,969.15 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 inflation rate (2019 to 2020) is now 2.88%1. If this number holds, ₽100 today will be equivalent in buying power to ₽102.88 next year.
⌃
| Cumulative price change | 34,969.15% |
| Average inflation rate | 24.24% |
| Converted amount (₽100 base) | ₽35,069.15 |
| Price difference (₽100 base) | ₽34,969.15 |
| CPI in 1993 | 0.522 |
| CPI in 2020 | 183.115 |
| Inflation in 1993 | 874.25% |
| Inflation in 2020 | 2.88% |
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 ₽35,069.15 in order to "adjust" for inflation (sometimes refered to as "beating inflation").
When ₽100 is equivalent to ₽35,069.15 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 buys less over the past 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:
How to Calculate Inflation Rate for ₽100 since 1993
This inflation calculator uses the following inflation rate formula:
CPI in 2020CPI in 1993
×
1993 RUB value
=
2020 RUB value
Then plug in historical CPI values. The Russian CPI was 0.522154633 in the year 1993 and 183.11517388804873 in 2020:
183.115173888048730.522154633
×
₽100
=
₽35,069.15
₽100 in 1993 has the same "purchasing power" or "buying power" as ₽35,069.15 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:
183.11517388804873 - 0.5221546330.522154633
×
100
=
34,969%
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, 20 Jan. 2020, https://www.officialdata.org/russia/inflation.
Special thanks to QuickChart for providing downloadable chart images.
| Cumulative price change | 34,969.15% |
| Average inflation rate | 24.24% |
| Converted amount (₽100 base) | ₽35,069.15 |
| Price difference (₽100 base) | ₽34,969.15 |
| CPI in 1993 | 0.522 |
| CPI in 2020 | 183.115 |
| Inflation in 1993 | 874.25% |
| Inflation in 2020 | 2.88% |