2.37× price rise
Average India inflation: 10.06% a year over 9 years. Prices first doubled by 1997. Highest year: 1991 (13.9%). Lowest: 1993 (6.3%).
| 1989 | in 1998 | 1998 amount in 1989 money |
|---|---|---|
| ₹1 | ₹2.37 | ₹0.42 |
| ₹10 | ₹23.70 | ₹4.22 |
| ₹100 | ₹237.01 | ₹42.19 |
| ₹1,000 | ₹2,370.06 | ₹421.93 |
| ₹10,000 | ₹23,700.63 | ₹4,219.30 |
| ₹100,000 | ₹237,006.33 | ₹42,192.97 |
The rupee averaged ₹16.21/USD in 1989 and ₹41.33/USD in 1998. ₹237 in 1998 is about $5.73; ₹100 in 1989 was about $6.17. Measured in dollars, the rupee amount went from $6.17 to $5.73.
| Year | Value | Inflation |
|---|---|---|
| 1989 | ₹100.00 | |
| 1990 | ₹108.97 | 9.0% |
| 1991 | ₹124.09 | 13.9% |
| 1992 | ₹138.71 | 11.8% |
| 1993 | ₹147.49 | 6.3% |
| 1994 | ₹162.60 | 10.2% |
| 1995 | ₹179.23 | 10.2% |
| 1996 | ₹195.32 | 9.0% |
| 1997 | ₹209.31 | 7.2% |
| 1998 | ₹237.01 | 13.2% |
1989–1997 · 1989–1999 · All years
₹100 in 1989 had about the same buying power as ₹237.01 in 1998, based on India consumer price index data.
About 10.06% per year, compounding to a 137.0% total rise in prices over 9 years.
1991 saw the largest annual rise in the index (13.9%); the lowest was 1993 (6.3%).