The Impact of Inflation on value of ¥550 from 1952 to 2024
In 1913 the price of ¥550 is approximately equal to ¥4891.40 in 2024. Prices changed by 3.20% (or ¥60.30) per year on average during that period. It means that every purchase will cost you 8.89 times as much.
Inflation is a powerful force that can erode the purchasing power of money over time. For anyone curious about the value of ¥550 in 1952 and what it would be worth in 2024, this page provides a detailed analysis using the cumulative price change, average inflation rate, and other key financial indicators.
How Much is ¥550 in 1952 Worth Today?
- Converted Amount: The ¥550 from 1952, adjusted for inflation, would be equivalent to ¥4891.40 in 2024.
- Cumulative Price Change: Over this period, the cumulative price change has been 789.35%.
- Average Inflation Rate: The average annual inflation rate between 1952 and 2024 has been 3.20%.
| Cumulative price change | 789.35% |
| Average inflation rate | 3.20% |
| Converted amount | 4891.40 |
| Price difference | 4341.40 |
| CPI in 1952 | 115.54 |
| CPI in 2024 | 1027.55 |
| Inflation in 1952 | 2.70% |
| Inflation in 2024 | 0.08% |
| 550 in 1952 | 4891.40 in 2024 |
Key Financial Indicators:
Consumer Price Index (CPI) Comparison
- CPI in 1952: 115.54
- CPI in 2024: 1027.55
Inflation Rate at 1952 and 2024
- Inflation in 1952: 2.70%
- Inflation in 2024: 0.08%
Price Difference
- The price difference between 1952 and 2024 is ¥4341.40.
1952 to 2024 Inflation Calculator
To understand the transformation of ¥550 from 1952 into 2024 Chinese Yuans, consider the following table:
| Year | CPI | Inflation rate | Value in 2024 |
|---|---|---|---|
| 1952 | 115.54 | 2.70% | ¥550 |
| 2024 | 1027.55 | 0.08% | ¥4891.40 |
This table highlights the key figures that affect how the value of money changes over time due to inflation.
Buying Power of ¥550 in 1952
¥550 in the year 1952 is now worth ¥4891.40 in 2024, showing a substantial increase of ¥4341.40 over the years. This change underscores how the average inflation rate of 3.20% annually has eroded the purchasing power of the Chinese Yuan.