6.97× price rise
Average India inflation: 8.81% a year over 23 years. Prices first doubled by 1982. Highest year: 1974 (28.6%). Lowest: 1976 (-7.6%).
| 1973 | in 1996 | 1996 amount in 1973 money |
|---|---|---|
| ₹1 | ₹6.97 | ₹0.14 |
| ₹10 | ₹69.72 | ₹1.43 |
| ₹100 | ₹697.21 | ₹14.34 |
| ₹1,000 | ₹6,972.13 | ₹143.43 |
| ₹10,000 | ₹69,721.33 | ₹1,434.28 |
| ₹100,000 | ₹697,213.29 | ₹14,342.81 |
The rupee averaged ₹7.66/USD in 1973 and ₹35.52/USD in 1996. ₹697 in 1996 is about $19.63; ₹100 in 1973 was about $13.06. Measured in dollars, the rupee amount went from $13.06 to $19.63.
| Year | Value | Inflation |
|---|---|---|
| 1973 | ₹100.00 | |
| 1974 | ₹128.60 | 28.6% |
| 1975 | ₹135.99 | 5.7% |
| 1976 | ₹125.61 | -7.6% |
| 1977 | ₹136.04 | 8.3% |
| 1978 | ₹139.48 | 2.5% |
| 1979 | ₹148.23 | 6.3% |
| 1980 | ₹165.05 | 11.3% |
| 1981 | ₹186.69 | 13.1% |
| 1982 | ₹201.42 | 7.9% |
| 1983 | ₹225.33 | 11.9% |
| 1984 | ₹244.07 | 8.3% |
| 1985 | ₹257.63 | 5.6% |
| 1986 | ₹280.12 | 8.7% |
| 1987 | ₹304.78 | 8.8% |
| 1988 | ₹333.38 | 9.4% |
| 1989 | ₹356.96 | 7.1% |
| 1990 | ₹388.98 | 9.0% |
| 1991 | ₹442.94 | 13.9% |
| 1992 | ₹495.15 | 11.8% |
| 1993 | ₹526.48 | 6.3% |
| 1994 | ₹580.43 | 10.2% |
| 1995 | ₹639.78 | 10.2% |
| 1996 | ₹697.21 | 9.0% |
1973–1995 · 1973–1997 · All years
₹100 in 1973 had about the same buying power as ₹697.21 in 1996, based on India consumer price index data.
About 8.81% per year, compounding to a 597.2% total rise in prices over 23 years.
1974 saw the largest annual rise in the index (28.6%); the lowest was 1976 (-7.6%).