The Impact of Inflation on value of ¥70 from 1974 to 2024
In 1913 the price of ¥70 is approximately equal to ¥516.91 in 2024. Prices changed by 4.14% (or ¥8.94) per year on average during that period. It means that every purchase will cost you 7.38 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 ¥70 in 1974 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 ¥70 in 1974 Worth Today?
- Converted Amount: The ¥70 from 1974, adjusted for inflation, would be equivalent to ¥516.91 in 2024.
- Cumulative Price Change: Over this period, the cumulative price change has been 638.45%.
- Average Inflation Rate: The average annual inflation rate between 1974 and 2024 has been 4.14%.
| Cumulative price change | 638.45% |
| Average inflation rate | 4.14% |
| Converted amount | 516.91 |
| Price difference | 446.91 |
| CPI in 1974 | 139.15 |
| CPI in 2024 | 1027.55 |
| Inflation in 1974 | 0.70% |
| Inflation in 2024 | 0.08% |
| 70 in 1974 | 516.91 in 2024 |
Key Financial Indicators:
Consumer Price Index (CPI) Comparison
- CPI in 1974: 139.15
- CPI in 2024: 1027.55
Inflation Rate at 1974 and 2024
- Inflation in 1974: 0.70%
- Inflation in 2024: 0.08%
Price Difference
- The price difference between 1974 and 2024 is ¥446.91.
1974 to 2024 Inflation Calculator
To understand the transformation of ¥70 from 1974 into 2024 Chinese Yuans, consider the following table:
| Year | CPI | Inflation rate | Value in 2024 |
|---|---|---|---|
| 1974 | 139.15 | 0.70% | ¥70 |
| 2024 | 1027.55 | 0.08% | ¥516.91 |
This table highlights the key figures that affect how the value of money changes over time due to inflation.
Buying Power of ¥70 in 1974
¥70 in the year 1974 is now worth ¥516.91 in 2024, showing a substantial increase of ¥446.91 over the years. This change underscores how the average inflation rate of 4.14% annually has eroded the purchasing power of the Chinese Yuan.