2.78× price rise
Average India inflation: 9.73% a year over 11 years. Prices first doubled by 1995. Highest year: 1991 (13.9%). Lowest: 1993 (6.3%).
| 1987 | in 1998 | 1998 amount in 1987 money |
|---|---|---|
| ₹1 | ₹2.78 | ₹0.36 |
| ₹10 | ₹27.76 | ₹3.60 |
| ₹100 | ₹277.59 | ₹36.02 |
| ₹1,000 | ₹2,775.86 | ₹360.25 |
| ₹10,000 | ₹27,758.55 | ₹3,602.49 |
| ₹100,000 | ₹277,585.53 | ₹36,024.93 |
The rupee averaged ₹12.95/USD in 1987 and ₹41.33/USD in 1998. ₹278 in 1998 is about $6.72; ₹100 in 1987 was about $7.72. Measured in dollars, the rupee amount went from $7.72 to $6.72.
| Year | Value | Inflation |
|---|---|---|
| 1987 | ₹100.00 | |
| 1988 | ₹109.38 | 9.4% |
| 1989 | ₹117.12 | 7.1% |
| 1990 | ₹127.63 | 9.0% |
| 1991 | ₹145.33 | 13.9% |
| 1992 | ₹162.46 | 11.8% |
| 1993 | ₹172.74 | 6.3% |
| 1994 | ₹190.44 | 10.2% |
| 1995 | ₹209.92 | 10.2% |
| 1996 | ₹228.76 | 9.0% |
| 1997 | ₹245.15 | 7.2% |
| 1998 | ₹277.59 | 13.2% |
1987–1997 · 1987–1999 · All years
₹100 in 1987 had about the same buying power as ₹277.59 in 1998, based on India consumer price index data.
About 9.73% per year, compounding to a 177.6% total rise in prices over 11 years.
1991 saw the largest annual rise in the index (13.9%); the lowest was 1993 (6.3%).