Russia Inflation Calculator

Result: ₽100 in 2016 → ₽196.02 in 2024


Value of ₽100 from 2016 to 2024

Updated: October 10, 2024

₽100 in 2016 is equivalent in purchasing power to about ₽196.02 today, an increase of ₽96.02 over 8 years. The ruble had an average inflation rate of 8.78% per year between 2016 and today, producing a cumulative price increase of 96.02%.

This means that today's prices are 1.96 times as high as average prices since 2016, according to the OECD and the World Bank consumer price index for Russia. A ruble today only buys 51.015% of what it could buy back then.

The inflation rate in 2016 was 7.04%. 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.


Inflation from 2016 to 2024
Cumulative price change96.02%
Average inflation rate8.78%
Converted amount
₽100 base
₽196.02
Price difference
₽100 base
₽96.02
CPI in 2016107.042
CPI in 2024209.828
Inflation in 20167.04%
Inflation in 202417.31%
₽100 in 2016₽196.02 in 2024

RUB inflation since 2016
Annual Rate, the OECD and the World Bank CPI
Download

Buying power of ₽100 in 2016

This chart shows a calculation of buying power equivalence for ₽100 in 2016 (price index tracking began in 1992).

For example, if you started with ₽100, you would need to end with ₽196.02 in order to "adjust" for inflation (sometimes refered to as "beating inflation").

When ₽100 is equivalent to ₽196.02 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 2016 dollars, the chart below shows how ₽100 is worth less over 8 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: 2016-2024
YearRuble ValueInflation Rate
2016₽100.007.04%
2017₽103.683.68%
2018₽106.672.88%
2019₽111.444.47%
2020₽115.203.38%
2021₽122.926.69%
2022₽133.338.47%
2023₽189.0841.82%
2024₽196.023.67%*
* Compared to previous annual rate. Not final. See inflation summary for latest 12-month trailing value.

This conversion table shows various other 2016 amounts in today's rubles, based on the 96.02% change in prices:

Conversion: 2016 rubles today
Initial valueEquivalent value
₽1 ruble in 2016₽1.96 rubles today
₽5 rubles in 2016₽9.80 rubles today
₽10 rubles in 2016₽19.60 rubles today
₽50 rubles in 2016₽98.01 rubles today
₽100 rubles in 2016₽196.02 rubles today
₽500 rubles in 2016₽980.12 rubles today
₽1,000 rubles in 2016₽1,960.24 rubles today
₽5,000 rubles in 2016₽9,801.18 rubles today
₽10,000 rubles in 2016₽19,602.35 rubles today
₽50,000 rubles in 2016₽98,011.77 rubles today
₽100,000 rubles in 2016₽196,023.53 rubles today
₽500,000 rubles in 2016₽980,117.66 rubles today
₽1,000,000 rubles in 2016₽1,960,235.31 rubles today

How to calculate inflation rate for ₽100 since 2016

Our calculations use the following inflation rate formula to calculate the change in value between 2016 and today:

CPI today CPI in 2016
×
2016 RUB value
=
Today's value

Then plug in historical CPI values. The Russian CPI was 107.0424 in the year 2016 and 209.82829231577074 in 2024:

209.82829231577074107.0424
×
₽100
=
₽196.02

₽100 in 2016 has the same "purchasing power" or "buying power" as ₽196.02 in 2024.

To get the total inflation rate for the 8 years between 2016 and 2024, we use the following formula:

CPI in 2024 - CPI in 2016CPI in 2016
×
100
=
Cumulative inflation rate (8 years)

Plugging in the values to this equation, we get:

209.82829231577074 - 107.0424107.0424
×
100
=
96%

Data source & citation

You may use the following MLA citation for this page: “₽100 in 2016 → 2024 | Russia Inflation Calculator.” Official Inflation Data, Alioth Finance, 30 Oct. 2024, https://www.officialdata.org/russia/inflation/2016?amount=100.

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.


Ian Webster

About the author

Ian Webster is an engineer and data expert based in San Mateo, California. He has worked for Google, NASA, and consulted for governments around the world on data pipelines and data analysis. Disappointed by the lack of clear resources on the impacts of inflation on economic indicators, Ian believes this website serves as a valuable public tool. Ian earned his degree in Computer Science from Dartmouth College.

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Inflation from 2016 to 2024
Cumulative price change96.02%
Average inflation rate8.78%
Converted amount
₽100 base
₽196.02
Price difference
₽100 base
₽96.02
CPI in 2016107.042
CPI in 2024209.828
Inflation in 20167.04%
Inflation in 202417.31%
₽100 in 2016₽196.02 in 2024