1.17× price rise
Average India inflation: 8.22% a year over 2 years. Prices did not double in this span. Highest year: 1988 (9.4%). Lowest: 1989 (7.1%).
| 1987 | in 1989 | 1989 amount in 1987 money |
|---|---|---|
| ₹1 | ₹1.17 | ₹0.85 |
| ₹10 | ₹11.71 | ₹8.54 |
| ₹100 | ₹117.12 | ₹85.38 |
| ₹1,000 | ₹1,171.22 | ₹853.81 |
| ₹10,000 | ₹11,712.16 | ₹8,538.14 |
| ₹100,000 | ₹117,121.56 | ₹85,381.37 |
The rupee averaged ₹12.95/USD in 1987 and ₹16.21/USD in 1989. ₹117 in 1989 is about $7.23; ₹100 in 1987 was about $7.72. Measured in dollars, the rupee amount went from $7.72 to $7.23.
| Year | Value | Inflation |
|---|---|---|
| 1987 | ₹100.00 | |
| 1988 | ₹109.38 | 9.4% |
| 1989 | ₹117.12 | 7.1% |
1987–1988 · 1987–1990 · All years
₹100 in 1987 had about the same buying power as ₹117.12 in 1989, based on India consumer price index data.
About 8.22% per year, compounding to a 17.1% total rise in prices over 2 years.
1988 saw the largest annual rise in the index (9.4%); the lowest was 1989 (7.1%).