2.54× price rise
Average India inflation: 9.76% a year over 10 years. Prices first doubled by 1996. Highest year: 1991 (13.9%). Lowest: 1993 (6.3%).
| 1988 | in 1998 | 1998 amount in 1988 money |
|---|---|---|
| ₹1 | ₹2.54 | ₹0.39 |
| ₹10 | ₹25.38 | ₹3.94 |
| ₹100 | ₹253.77 | ₹39.41 |
| ₹1,000 | ₹2,537.73 | ₹394.05 |
| ₹10,000 | ₹25,377.28 | ₹3,940.53 |
| ₹100,000 | ₹253,772.83 | ₹39,405.32 |
The rupee averaged ₹13.90/USD in 1988 and ₹41.33/USD in 1998. ₹254 in 1998 is about $6.14; ₹100 in 1988 was about $7.19. Measured in dollars, the rupee amount went from $7.19 to $6.14.
| 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% |
| 1997 | ₹224.12 | 7.2% |
| 1998 | ₹253.77 | 13.2% |
1988–1997 · 1988–1999 · All years
₹100 in 1988 had about the same buying power as ₹253.77 in 1998, based on India consumer price index data.
About 9.76% per year, compounding to a 153.8% total rise in prices over 10 years.
1991 saw the largest annual rise in the index (13.9%); the lowest was 1993 (6.3%).