Russia Inflation Calculator

Buying power of ₽500 in 2011

This chart shows a calculation of buying power equivalence for ₽500 in 2011 (price index tracking began in 1992).

For example, if you started with ₽500, you would need to end with ₽1,466.02 in order to "adjust" for inflation (sometimes refered to as "beating inflation").

When ₽500 is equivalent to ₽1,466.02 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 2011 dollars, the chart below shows how ₽500 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 2011 amounts in today's rubles, based on the 193.20% change in prices:

How to calculate inflation rate for ₽500 since 2011

Our calculations use the following inflation rate formula to calculate the change in value between 2011 and today:

Then plug in historical CPI values. The Russian CPI was 71.56395 in the year 2011 and 209.82829231577074 in 2024:

₽500 in 2011 has the same "purchasing power" or "buying power" as ₽1,466.02 in 2024.

To get the total inflation rate for the 13 years between 2011 and 2024, we use the following formula:

Plugging in the values to this equation, we get:

Data source & citation

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