The Impact of Inflation on value of ¥1 from 2022 to 2024
In 1913 the price of ¥1 is approximately equal to ¥1.00 in 2024. Prices changed by 0.76% (or ¥0.00) per year on average during that period. It means that every purchase will cost you 1.00 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 ¥1 in 2022 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 ¥1 in 2022 Worth Today?
- Converted Amount: The ¥1 from 2022, adjusted for inflation, would be equivalent to ¥1.00 in 2024.
- Cumulative Price Change: Over this period, the cumulative price change has been 0.28%.
- Average Inflation Rate: The average annual inflation rate between 2022 and 2024 has been 0.76%.
Cumulative price change | 0.28% |
Average inflation rate | 0.76% |
Converted amount | 1.00 |
Price difference | 0.00 |
CPI in 2022 | 1024.68 |
CPI in 2024 | 1027.55 |
Inflation in 2022 | 2.00% |
Inflation in 2024 | 0.08% |
1 in 2022 | 1.00 in 2024 |
Key Financial Indicators:
Consumer Price Index (CPI) Comparison
- CPI in 2022: 1024.68
- CPI in 2024: 1027.55
Inflation Rate at 2022 and 2024
- Inflation in 2022: 2.00%
- Inflation in 2024: 0.08%
Price Difference
- The price difference between 2022 and 2024 is ¥0.00.
2022 to 2024 Inflation Calculator
To understand the transformation of ¥1 from 2022 into 2024 Chinese Yuans, consider the following table:
Year | CPI | Inflation rate | Value in 2024 |
---|---|---|---|
2022 | 1024.68 | 2.00% | ¥1 |
2024 | 1027.55 | 0.08% | ¥1.00 |
This table highlights the key figures that affect how the value of money changes over time due to inflation.
Buying Power of ¥1 in 2022
¥1 in the year 2022 is now worth ¥1.00 in 2024, showing a substantial increase of ¥0.00 over the years. This change underscores how the average inflation rate of 0.76% annually has eroded the purchasing power of the Chinese Yuan.