2.09× price rise
Average India inflation: 9.66% a year over 8 years. Prices first doubled by 1996. Highest year: 1991 (13.9%). Lowest: 1993 (6.3%).
| 1988 | in 1996 | 1996 amount in 1988 money |
|---|---|---|
| ₹1 | ₹2.09 | ₹0.48 |
| ₹10 | ₹20.91 | ₹4.78 |
| ₹100 | ₹209.14 | ₹47.82 |
| ₹1,000 | ₹2,091.37 | ₹478.16 |
| ₹10,000 | ₹20,913.68 | ₹4,781.56 |
| ₹100,000 | ₹209,136.80 | ₹47,815.59 |
The rupee averaged ₹13.90/USD in 1988 and ₹35.52/USD in 1996. ₹209 in 1996 is about $5.89; ₹100 in 1988 was about $7.19. Measured in dollars, the rupee amount went from $7.19 to $5.89.
| Year | Value | Inflation |
|---|---|---|
| 1988 | ₹100.00 | |
| 1989 | ₹107.07 | 7.1% |
| 1990 | ₹116.68 | 9.0% |
| 1991 | ₹132.86 | 13.9% |
| 1992 | ₹148.53 | 11.8% |
| 1993 | ₹157.92 | 6.3% |
| 1994 | ₹174.11 | 10.2% |
| 1995 | ₹191.91 | 10.2% |
| 1996 | ₹209.14 | 9.0% |
1988–1995 · 1988–1997 · All years
₹100 in 1988 had about the same buying power as ₹209.14 in 1996, based on India consumer price index data.
About 9.66% per year, compounding to a 109.1% total rise in prices over 8 years.
1991 saw the largest annual rise in the index (13.9%); the lowest was 1993 (6.3%).