Result: $1 in 2014 → $1.70 in 2024
Value of $1 from 2014 to 2024
Updated: April 10, 2025$1 in 2014 is equivalent in purchasing power to about $1.70 today, an increase of $0.70 over 10 years. The rupee had an average inflation rate of 5.42% per year between 2014 and today, producing a cumulative price increase of 69.60%.
This means that today's prices are 1.70 times as high as average prices since 2014, according to the OECD and the World Bank consumer price index for India. A rupee today only buys 58.824% of what it could buy back then.
The inflation rate in 2014 was 6.35%. The current inflation rate compared to the end of last year is now 4.08%. If this number holds, $1 today will be equivalent in buying power to $1.04 next year.
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| Cumulative price change | 69.60% |
| Average inflation rate | 5.42% |
| Converted amount $1 base | $1.70 |
| Price difference $1 base | $0.70 |
| CPI in 2014 | 94.453 |
| CPI in 2024 | 160.194 |
| Inflation in 2014 | 6.35% |
| Inflation in 2024 | 4.08% |
| $1 in 2014 | $1.70 in 2024 |
Buying power of $1 in 2014
This chart shows a calculation of buying power equivalence for $1 in 2014 (price index tracking began in 1957).
For example, if you started with $1, you would need to end with $1.70 in order to "adjust" for inflation (sometimes refered to as "beating inflation").
When $1 is equivalent to $1.70 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 2014 dollars, the chart below shows how $1 is worth less over 10 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 2014 amounts in today's rupees, based on the 69.60% change in prices:
| Initial value | Equivalent value |
|---|---|
| $1 rupee in 2014 | $1.70 rupees today |
| $5 rupees in 2014 | $8.48 rupees today |
| $10 rupees in 2014 | $16.96 rupees today |
| $50 rupees in 2014 | $84.80 rupees today |
| $100 rupees in 2014 | $169.60 rupees today |
| $500 rupees in 2014 | $848.01 rupees today |
| $1,000 rupees in 2014 | $1,696.01 rupees today |
| $5,000 rupees in 2014 | $8,480.07 rupees today |
| $10,000 rupees in 2014 | $16,960.14 rupees today |
| $50,000 rupees in 2014 | $84,800.69 rupees today |
| $100,000 rupees in 2014 | $169,601.38 rupees today |
| $500,000 rupees in 2014 | $848,006.90 rupees today |
| $1,000,000 rupees in 2014 | $1,696,013.80 rupees today |
How to calculate inflation rate for $1 since 2014
Our calculations use the following inflation rate formula to calculate the change in value between 2014 and today:
CPI today CPI in 2014
×
2014 INR value
=
Today's value
Then plug in historical CPI values. The Indian CPI was 94.4533 in the year 2014 and 160.1940998279254 in 2024:
160.194099827925494.4533
×
$1
=
$1.70
$1 in 2014 has the same "purchasing power" or "buying power" as $1.70 in 2024.
To get the total inflation rate for the 10 years between 2014 and 2024, we use the following formula:
CPI in 2024 - CPI in 2014CPI in 2014
×
100
=
Cumulative inflation rate (10 years)
Plugging in the values to this equation, we get:
160.1940998279254 - 94.453394.4533
×
100
=
70%
Data source & citation
You may use the following MLA citation for this page: “$1 in 2014 → 2024 | India Inflation Calculator.” Official Inflation Data, Alioth Finance, 11 Apr. 2025, https://www.officialdata.org/india/inflation/2014?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 | 69.60% |
| Average inflation rate | 5.42% |
| Converted amount $1 base | $1.70 |
| Price difference $1 base | $0.70 |
| CPI in 2014 | 94.453 |
| CPI in 2024 | 160.194 |
| Inflation in 2014 | 6.35% |
| Inflation in 2024 | 4.08% |
| $1 in 2014 | $1.70 in 2024 |
