1.21× price rise
Average India inflation: 10.16% a year over 2 years. Prices did not double in this span. Highest year: 1998 (13.2%). Lowest: 1997 (7.2%).
| 1996 | in 1998 | 1998 amount in 1996 money |
|---|---|---|
| ₹1 | ₹1.21 | ₹0.82 |
| ₹10 | ₹12.13 | ₹8.24 |
| ₹100 | ₹121.34 | ₹82.41 |
| ₹1,000 | ₹1,213.43 | ₹824.11 |
| ₹10,000 | ₹12,134.30 | ₹8,241.10 |
| ₹100,000 | ₹121,342.98 | ₹82,411.03 |
The rupee averaged ₹35.52/USD in 1996 and ₹41.33/USD in 1998. ₹121 in 1998 is about $2.94; ₹100 in 1996 was about $2.82. Measured in dollars, the rupee amount went from $2.82 to $2.94.
| Year | Value | Inflation |
|---|---|---|
| 1996 | ₹100.00 | |
| 1997 | ₹107.16 | 7.2% |
| 1998 | ₹121.34 | 13.2% |
1996–1997 · 1996–1999 · All years
₹100 in 1996 had about the same buying power as ₹121.34 in 1998, based on India consumer price index data.
About 10.16% per year, compounding to a 21.3% total rise in prices over 2 years.
1998 saw the largest annual rise in the index (13.2%); the lowest was 1997 (7.2%).