2.99× price rise
Average India inflation: 8.14% a year over 14 years. Prices first doubled by 1996. Highest year: 1991 (13.9%). Lowest: 2001 (3.8%).
| 1988 | in 2002 | 2002 amount in 1988 money |
|---|---|---|
| ₹1 | ₹2.99 | ₹0.33 |
| ₹10 | ₹29.90 | ₹3.34 |
| ₹100 | ₹299.04 | ₹33.44 |
| ₹1,000 | ₹2,990.35 | ₹334.41 |
| ₹10,000 | ₹29,903.53 | ₹3,344.09 |
| ₹100,000 | ₹299,035.33 | ₹33,440.87 |
The rupee averaged ₹13.90/USD in 1988 and ₹48.62/USD in 2002. ₹299 in 2002 is about $6.15; ₹100 in 1988 was about $7.19. Measured in dollars, the rupee amount went from $7.19 to $6.15.
| 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% |
| 1999 | ₹265.62 | 4.7% |
| 2000 | ₹276.27 | 4.0% |
| 2001 | ₹286.71 | 3.8% |
| 2002 | ₹299.04 | 4.3% |
1988–2001 · 1988–2003 · All years
₹100 in 1988 had about the same buying power as ₹299.04 in 2002, based on India consumer price index data.
About 8.14% per year, compounding to a 199.0% total rise in prices over 14 years.
1991 saw the largest annual rise in the index (13.9%); the lowest was 2001 (3.8%).