1.22× price rise
Average India inflation: 4.11% a year over 5 years. Prices did not double in this span. Highest year: 1999 (4.7%). Lowest: 2001 (3.8%).
| 1998 | in 2003 | 2003 amount in 1998 money |
|---|---|---|
| ₹1 | ₹1.22 | ₹0.82 |
| ₹10 | ₹12.23 | ₹8.18 |
| ₹100 | ₹122.32 | ₹81.75 |
| ₹1,000 | ₹1,223.20 | ₹817.52 |
| ₹10,000 | ₹12,232.05 | ₹8,175.24 |
| ₹100,000 | ₹122,320.50 | ₹81,752.45 |
The rupee averaged ₹41.33/USD in 1998 and ₹46.59/USD in 2003. ₹122 in 2003 is about $2.63; ₹100 in 1998 was about $2.42. Measured in dollars, the rupee amount went from $2.42 to $2.63.
| Year | Value | Inflation |
|---|---|---|
| 1998 | ₹100.00 | |
| 1999 | ₹104.67 | 4.7% |
| 2000 | ₹108.87 | 4.0% |
| 2001 | ₹112.98 | 3.8% |
| 2002 | ₹117.84 | 4.3% |
| 2003 | ₹122.32 | 3.8% |
1998–2002 · 1998–2004 · All years
₹100 in 1998 had about the same buying power as ₹122.32 in 2003, based on India consumer price index data.
About 4.11% per year, compounding to a 22.3% total rise in prices over 5 years.
1999 saw the largest annual rise in the index (4.7%); the lowest was 2001 (3.8%).