How much value would ₹70 in 1970 have today? And how does calculate that?

Assuming her grandmother 's work capacity today is exactly the same as in 1970, she can adjust her inflation to calculate the current income. Past Inflation India - Past CPI Inflation According to India data, I calculated the current 2,418 rupees by combining annual inflation and wages (70 rupees). An excerpt of the calculation (the year rounded from 1971 to 2012) is as follows.

We can simply assume that the inflation rate for 35 years from 1970 is 10%, which is worth so far.

In addition, due to inflation, payment of $ 35 per ounce of gold in 1970 is different from payment of $ 35 per ounce of gold today. From the purchasing power calculator - Considering the change in the US CPI over the past several decades - $ 35 in 1970 is worth about 200 dollars today. Over the past two decades, gold has undergone several major changes. As gold price fell to $ 251.70, August 1999 was a breakthrough event among gold prices. There are rumors that mining companies sell gold in the forward market while central banks around the world are reducing gold holdings.

GOBankingRates uses the CPI inflation calculator of the US Bureau of Labor Statistics to show to what extent the value of 100 dollars per year has changed and can be purchased when the world's $ 100 purchasing power changes over decades We will decide the dollar invoice. A $ 100 bill can not afford to pay for many mini fridges today, which is equivalent to 1,329.23 dollars in 1945, which is equivalent to buying a 25.4 cubic feet Whirlpool side-by-side refrigerator for a small additional fee . Food items money to fill it

The price of innovative products goes down as competition drives technology advancement. Consider a handheld calculator that could take $ 100 in the 1970s, or a flat screen TV that is much cheaper than 15 years ago. The same trend is occurring at clean energy. The US Department of Energy reported from 2008 to 2016 that the wind energy cost is reduced by 41%, the solar cost by 64%, and the energy saving LED light by 94%. Cost reduction promotes global clean energy investment: two-thirds of new power capacity installed in 2016 is wind power generation or solar power generation