The Impact of Inflation on value of ¥1500 from 1990 to 2024
In 1913 the price of ¥1500 is approximately equal to ¥4911.18 in 2024. Prices changed by 3.66% (or ¥100.33) per year on average during that period. It means that every purchase will cost you 3.27 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 ¥1500 in 1990 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 ¥1500 in 1990 Worth Today?
- Converted Amount: The ¥1500 from 1990, adjusted for inflation, would be equivalent to ¥4911.18 in 2024.
- Cumulative Price Change: Over this period, the cumulative price change has been 227.41%.
- Average Inflation Rate: The average annual inflation rate between 1990 and 2024 has been 3.66%.
| Cumulative price change | 227.41% |
| Average inflation rate | 3.66% |
| Converted amount | 4911.18 |
| Price difference | 3411.18 |
| CPI in 1990 | 313.84 |
| CPI in 2024 | 1027.55 |
| Inflation in 1990 | 3.10% |
| Inflation in 2024 | 0.08% |
| 1500 in 1990 | 4911.18 in 2024 |
Key Financial Indicators:
Consumer Price Index (CPI) Comparison
- CPI in 1990: 313.84
- CPI in 2024: 1027.55
Inflation Rate at 1990 and 2024
- Inflation in 1990: 3.10%
- Inflation in 2024: 0.08%
Price Difference
- The price difference between 1990 and 2024 is ¥3411.18.
1990 to 2024 Inflation Calculator
To understand the transformation of ¥1500 from 1990 into 2024 Chinese Yuans, consider the following table:
| Year | CPI | Inflation rate | Value in 2024 |
|---|---|---|---|
| 1990 | 313.84 | 3.10% | ¥1500 |
| 2024 | 1027.55 | 0.08% | ¥4911.18 |
This table highlights the key figures that affect how the value of money changes over time due to inflation.
Buying Power of ¥1500 in 1990
¥1500 in the year 1990 is now worth ¥4911.18 in 2024, showing a substantial increase of ¥3411.18 over the years. This change underscores how the average inflation rate of 3.66% annually has eroded the purchasing power of the Chinese Yuan.