India Inflation Calculator

Buying power of $300 in 2017

This chart shows a calculation of buying power equivalence for $300 in 2017 (price index tracking began in 1957).

For example, if you started with $300, you would need to end with $446.82 in order to "adjust" for inflation (sometimes refered to as "beating inflation").

When $300 is equivalent to $446.82 over time, that means that the "real value" of a single Indian rupee decreases over time. In other words, a rupee will pay for fewer items at the store.

This effect explains how inflation erodes the value of a rupee over time. By calculating the value in 2017 dollars, the chart below shows how $300 is worth less over 7 years.

According to the OECD and the World Bank, each of these INR amounts below is equal in terms of what it could buy at the time:

This conversion table shows various other 2017 amounts in today's rupees, based on the 48.94% change in prices:

How to calculate inflation rate for $300 since 2017

Our calculations use the following inflation rate formula to calculate the change in value between 2017 and today:

Then plug in historical CPI values. The Indian CPI was 107.555 in the year 2017 and 160.1940998279254 in 2024:

$300 in 2017 has the same "purchasing power" or "buying power" as $446.82 in 2024.

To get the total inflation rate for the 7 years between 2017 and 2024, we use the following formula:

Plugging in the values to this equation, we get:

Data source & citation

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