1.27× price rise
Average India inflation: 4.05% a year over 6 years. Prices did not double in this span. Highest year: 1999 (4.7%). Lowest: 2004 (3.8%).
| 1998 | in 2004 | 2004 amount in 1998 money |
|---|---|---|
| ₹1 | ₹1.27 | ₹0.79 |
| ₹10 | ₹12.69 | ₹7.88 |
| ₹100 | ₹126.93 | ₹78.78 |
| ₹1,000 | ₹1,269.29 | ₹787.84 |
| ₹10,000 | ₹12,692.86 | ₹7,878.44 |
| ₹100,000 | ₹126,928.62 | ₹78,784.44 |
The rupee averaged ₹41.33/USD in 1998 and ₹45.28/USD in 2004. ₹127 in 2004 is about $2.80; ₹100 in 1998 was about $2.42. Measured in dollars, the rupee amount went from $2.42 to $2.80.
| 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% |
| 2004 | ₹126.93 | 3.8% |
1998–2003 · 1998–2005 · All years
₹100 in 1998 had about the same buying power as ₹126.93 in 2004, based on India consumer price index data.
About 4.05% per year, compounding to a 26.9% total rise in prices over 6 years.
1999 saw the largest annual rise in the index (4.7%); the lowest was 2004 (3.8%).