# Russia Inflation Calculator

Result: ₽100 in 1993 → ₽60,892.25 in 2024

## The Russian Ruble has lost 99.836% of its value since 1993

Updated: August 14, 2024

₽100 in 1993 is equivalent in purchasing power to about ₽60,892.25 today, an increase of ₽60,792.25 over 31 years. The ruble had an average inflation rate of 22.98% per year between 1993 and today, producing a cumulative price increase of 60,792.25%.

This means that today's prices are 608.92 times as high as average prices since 1993, according to the OECD and the World Bank consumer price index for Russia. A ruble today only buys 0.164% of what it could buy back then.

The inflation rate in 1993 was 874.25%. The current inflation rate compared to the end of last year is now 17.31%. If this number holds, ₽100 today will be equivalent in buying power to ₽117.31 next year.

 Cumulative price change 60,792.25% Average inflation rate 22.98% Converted amount₽100 base ₽60,892.25 Price difference₽100 base ₽60,792.25 CPI in 1993 0.345 CPI in 2024 209.828 Inflation in 1993 874.25% Inflation in 2024 17.31% ₽100 in 1993 ₽60,892.25 in 2024

RUB inflation since 1993
Annual Rate, the OECD and the World Bank CPI

## Buying power of ₽100 in 1993

This chart shows a calculation of buying power equivalence for ₽100 in 1993 (price index tracking began in 1992).

For example, if you started with ₽100, you would need to end with ₽60,892.25 in order to "adjust" for inflation (sometimes refered to as "beating inflation").

When ₽100 is equivalent to ₽60,892.25 over time, that means that the "real value" of a single Russian ruble decreases over time. In other words, a ruble will pay for fewer items at the store.

This effect explains how inflation erodes the value of a ruble over time. By calculating the value in 1993 dollars, the chart below shows how ₽100 is worth less over 31 years.

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

Ruble inflation: 1993-2024
YearRuble ValueInflation Rate
1993₽100.00874.25%
1994₽407.72307.72%
1995₽1,212.63197.41%
1996₽1,791.6847.75%
1997₽2,056.1514.76%
1998₽2,625.4127.69%
1999₽4,876.6185.75%
2000₽5,890.8920.80%
2001₽7,156.0821.48%
2002₽8,285.9315.79%
2003₽9,418.0613.66%
2004₽10,443.5610.89%
2005₽11,768.3612.69%
2006₽12,906.209.67%
2007₽14,068.709.01%
2008₽16,053.9014.11%
2009₽17,923.7511.65%
2010₽19,151.426.85%
2011₽20,767.888.44%
2012₽21,821.805.07%
2013₽23,295.586.75%
2014₽25,118.097.82%
2015₽29,020.0415.53%
2016₽31,063.747.04%
2017₽32,207.953.68%
2018₽33,134.992.88%
2019₽34,616.234.47%
2020₽35,786.843.38%
2021₽38,182.566.69%
2022₽41,416.708.47%
2023₽58,735.3641.82%
2024₽60,892.253.67%*
* Compared to previous annual rate. Not final. See inflation summary for latest 12-month trailing value.
Click to show 25 more rows

This conversion table shows various other 1993 amounts in today's rubles, based on the 60,792.25% change in prices:

Conversion: 1993 rubles today
Initial valueEquivalent value
₽1 ruble in 1993₽608.92 rubles today
₽5 rubles in 1993₽3,044.61 rubles today
₽10 rubles in 1993₽6,089.22 rubles today
₽50 rubles in 1993₽30,446.12 rubles today
₽100 rubles in 1993₽60,892.25 rubles today
₽500 rubles in 1993₽304,461.24 rubles today
₽1,000 rubles in 1993₽608,922.48 rubles today
₽5,000 rubles in 1993₽3,044,612.39 rubles today
₽10,000 rubles in 1993₽6,089,224.78 rubles today
₽50,000 rubles in 1993₽30,446,123.91 rubles today
₽100,000 rubles in 1993₽60,892,247.82 rubles today
₽500,000 rubles in 1993₽304,461,239.12 rubles today
₽1,000,000 rubles in 1993₽608,922,478.24 rubles today

## How to calculate inflation rate for ₽100 since 1993

Our calculations use the following inflation rate formula to calculate the change in value between 1993 and today:

CPI today CPI in 1993
×
1993 RUB value
=
Today's value

Then plug in historical CPI values. The Russian CPI was 0.3445895 in the year 1993 and 209.82829231577074 in 2024:

209.828292315770740.3445895
×
₽100
=
₽60,892.25

₽100 in 1993 has the same "purchasing power" or "buying power" as ₽60,892.25 in 2024.

To get the total inflation rate for the 31 years between 1993 and 2024, we use the following formula:

CPI in 2024 - CPI in 1993CPI in 1993
×
100
=
Cumulative inflation rate (31 years)

Plugging in the values to this equation, we get:

209.82829231577074 - 0.34458950.3445895
×
100
=
60,792%

## Data source & citation

You may use the following MLA citation for this page: “Russia Inflation Calculator: World Bank data, 1993-2024 (RUB).” Official Inflation Data, Alioth Finance, 15 Aug. 2024, https://www.officialdata.org/russia/inflation.

Special thanks to QuickChart for their chart image API, which is used for chart downloads.

in2013dollars.com is a reference website maintained by the Official Data Foundation.