The Impact of Inflation on value of ¥5 from 1955 to 2024
In 1913 the price of ¥5 is approximately equal to ¥41.60 in 2024. Prices changed by 3.21% (or ¥0.53) per year on average during that period. It means that every purchase will cost you 8.32 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 ¥5 in 1955 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 ¥5 in 1955 Worth Today?
- Converted Amount: The ¥5 from 1955, adjusted for inflation, would be equivalent to ¥41.60 in 2024.
- Cumulative Price Change: Over this period, the cumulative price change has been 732.02%.
- Average Inflation Rate: The average annual inflation rate between 1955 and 2024 has been 3.21%.
Cumulative price change | 732.02% |
Average inflation rate | 3.21% |
Converted amount | 41.60 |
Price difference | 36.60 |
CPI in 1955 | 123.5 |
CPI in 2024 | 1027.55 |
Inflation in 1955 | 0.30% |
Inflation in 2024 | 0.08% |
5 in 1955 | 41.60 in 2024 |
Key Financial Indicators:
Consumer Price Index (CPI) Comparison
- CPI in 1955: 123.5
- CPI in 2024: 1027.55
Inflation Rate at 1955 and 2024
- Inflation in 1955: 0.30%
- Inflation in 2024: 0.08%
Price Difference
- The price difference between 1955 and 2024 is ¥36.60.
1955 to 2024 Inflation Calculator
To understand the transformation of ¥5 from 1955 into 2024 Chinese Yuans, consider the following table:
Year | CPI | Inflation rate | Value in 2024 |
---|---|---|---|
1955 | 123.5 | 0.30% | ¥5 |
2024 | 1027.55 | 0.08% | ¥41.60 |
This table highlights the key figures that affect how the value of money changes over time due to inflation.
Buying Power of ¥5 in 1955
¥5 in the year 1955 is now worth ¥41.60 in 2024, showing a substantial increase of ¥36.60 over the years. This change underscores how the average inflation rate of 3.21% annually has eroded the purchasing power of the Chinese Yuan.