Result: ₽1 in 2010 → ₽2.85 in 2023
Value of ₽1 from 2010 to 2023
Updated: November 14, 2023₽1 in 2010 is equivalent in purchasing power to about ₽2.85 today, an increase of ₽1.85 over 13 years. The ruble had an average inflation rate of 8.39% per year between 2010 and today, producing a cumulative price increase of 184.99%.
This means that today's prices are 2.85 times as high as average prices since 2010, according to the OECD and the World Bank consumer price index for Russia. A ruble today only buys 35.088% of what it could buy back then.
The inflation rate in 2010 was 6.85%. The current inflation rate compared to last year is now 17.38%. If this number holds, ₽1 today will be equivalent in buying power to ₽1.17 next year.
⌃
| Cumulative price change | 184.99% |
| Average inflation rate | 8.39% |
| Converted amount ₽1 base | ₽2.85 |
| Price difference ₽1 base | ₽1.85 |
| CPI in 2010 | 65.994 |
| CPI in 2023 | 188.077 |
| Inflation in 2010 | 6.85% |
| Inflation in 2023 | 17.38% |
| ₽1 in 2010 | ₽2.85 in 2023 |
Buying power of ₽1 in 2010
This chart shows a calculation of buying power equivalence for ₽1 in 2010 (price index tracking began in 1992).
For example, if you started with ₽1, you would need to end with ₽2.85 in order to "adjust" for inflation (sometimes refered to as "beating inflation").
When ₽1 is equivalent to ₽2.85 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 2010 dollars, the chart below shows how ₽1 is worth less over 13 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:
This conversion table shows various other 2010 amounts in today's rubles, based on the 184.99% change in prices:
| Initial value | Equivalent value |
|---|---|
| ₽1 ruble in 2010 | ₽2.85 rubles today |
| ₽5 rubles in 2010 | ₽14.25 rubles today |
| ₽10 rubles in 2010 | ₽28.50 rubles today |
| ₽50 rubles in 2010 | ₽142.50 rubles today |
| ₽100 rubles in 2010 | ₽284.99 rubles today |
| ₽500 rubles in 2010 | ₽1,424.96 rubles today |
| ₽1,000 rubles in 2010 | ₽2,849.93 rubles today |
| ₽5,000 rubles in 2010 | ₽14,249.63 rubles today |
| ₽10,000 rubles in 2010 | ₽28,499.26 rubles today |
| ₽50,000 rubles in 2010 | ₽142,496.31 rubles today |
| ₽100,000 rubles in 2010 | ₽284,992.62 rubles today |
| ₽500,000 rubles in 2010 | ₽1,424,963.08 rubles today |
| ₽1,000,000 rubles in 2010 | ₽2,849,926.17 rubles today |
How to calculate inflation rate for ₽1 since 2010
Our calculations use the following inflation rate formula to calculate the change in value between 2010 and today:
CPI today CPI in 2010
×
2010 RUB value
=
Today's value
Then plug in historical CPI values. The Russian CPI was 65.99377 in the year 2010 and 188.0773719612805 in 2023:
188.077371961280565.99377
×
₽1
=
₽2.85
₽1 in 2010 has the same "purchasing power" or "buying power" as ₽2.85 in 2023.
To get the total inflation rate for the 13 years between 2010 and 2023, we use the following formula:
CPI in 2023 - CPI in 2010CPI in 2010
×
100
=
Cumulative inflation rate (13 years)
Plugging in the values to this equation, we get:
188.0773719612805 - 65.9937765.99377
×
100
=
185%
Data source & citation
You may use the following MLA citation for this page: “₽1 in 2010 → 2023 | Russia Inflation Calculator.” Official Inflation Data, Alioth Finance, 29 Nov. 2023, https://www.officialdata.org/russia/inflation/2010?amount=1.
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.
| Cumulative price change | 184.99% |
| Average inflation rate | 8.39% |
| Converted amount ₽1 base | ₽2.85 |
| Price difference ₽1 base | ₽1.85 |
| CPI in 2010 | 65.994 |
| CPI in 2023 | 188.077 |
| Inflation in 2010 | 6.85% |
| Inflation in 2023 | 17.38% |
| ₽1 in 2010 | ₽2.85 in 2023 |