2.45× price rise
Average India inflation: 8.49% a year over 11 years. Prices first doubled by 1986. Highest year: 1981 (13.1%). Lowest: 1978 (2.5%).
| 1977 | in 1988 | 1988 amount in 1977 money |
|---|---|---|
| ₹1 | ₹2.45 | ₹0.41 |
| ₹10 | ₹24.50 | ₹4.08 |
| ₹100 | ₹245.05 | ₹40.81 |
| ₹1,000 | ₹2,450.49 | ₹408.08 |
| ₹10,000 | ₹24,504.95 | ₹4,080.81 |
| ₹100,000 | ₹245,049.48 | ₹40,808.09 |
The rupee averaged ₹8.77/USD in 1977 and ₹13.90/USD in 1988. ₹245 in 1988 is about $17.63; ₹100 in 1977 was about $11.41. Measured in dollars, the rupee amount went from $11.41 to $17.63.
| Year | Value | Inflation |
|---|---|---|
| 1977 | ₹100.00 | |
| 1978 | ₹102.52 | 2.5% |
| 1979 | ₹108.96 | 6.3% |
| 1980 | ₹121.32 | 11.3% |
| 1981 | ₹137.23 | 13.1% |
| 1982 | ₹148.06 | 7.9% |
| 1983 | ₹165.63 | 11.9% |
| 1984 | ₹179.41 | 8.3% |
| 1985 | ₹189.37 | 5.6% |
| 1986 | ₹205.91 | 8.7% |
| 1987 | ₹224.03 | 8.8% |
| 1988 | ₹245.05 | 9.4% |
1977–1987 · 1977–1989 · All years
₹100 in 1977 had about the same buying power as ₹245.05 in 1988, based on India consumer price index data.
About 8.49% per year, compounding to a 145.0% total rise in prices over 11 years.
1981 saw the largest annual rise in the index (13.1%); the lowest was 1978 (2.5%).