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Value of 1996 Chinese Renminbis today

¥100 in 1996
¥165.57 in 2022

The inflation rate in China between 1996 and today has been 65.57%, which translates into a total increase of ¥65.57. This means that 100 renminbis in 1996 are equivalent to 165.57 renminbis in 2022. In other words, the purchasing power of ¥100 in 1996 equals ¥165.57 today. The average annual inflation rate between these periods has been 1.96%.

Inflation timeline in China (1996 - 2022)

The following chart depicts the equivalence of ¥100 due to compound inflation and CPI changes. All values are equivalent in terms of purchasing power, which means that for each year the same goods or services could be bought with the indicated amount of money.

All calculations are performed in the local currency (CNY) and using 6 decimal digits. Results show only up to 2 decimal digits to favour readability. Inflation data is provided by governments and international institutions on a monthly basis. Today's values were extrapolated from the latest 12-month rolling average official data.

The following table contains relevant indicators:

Indicator Value
Cumulative inflation 1996-2021 61.23%
Cumulative inflation 1996-today 65.57%
Avg. Annual inflation 1996-2021 1.93%
CPI 1996 69.82
CPI 2021 112.57
CPI 2022-10 (latest official data) 115.45
CPI today 115.6

How to calculate today's value of money after inflation?

There are several ways to calculate the time value of money. Depending on the data available, results can be obtained by using the Consumer Price Index (CPI) formula or the compound interest formula.

Using the CPI formula

When we have both the start and end years, we can use the following formula:

Valuet =Value0 ×
CPIt/CPI0

To obtain the values equivalent in buying power between 1996 and 2021, use the corresponding CPI values:

Value2021
=Value1996 ×
CPI2021/CPI1996
=¥ 100 ×
112.57/69.82
¥161.23

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 115.6:

Valuetoday
=Value1996 ×
CPItoday/CPI1996
=¥ 100 ×
115.6/69.82
¥165.57

Alternative: Using the compound interest formula

Given that money changes with time as a result of an inflation rate that acts as compound interest, we can use the following formula: FV = PV × (1 + i)n, where:

  • FV: Future Value
  • PV: Present Value
  • i: Interest rate (inflation)
  • n: Number of times the interest is compounded (i.e. # of years)

In this case, the future value represents the final amount obtained after applying the inflation rate to our initial value. In other words, it indicates how much are ¥100 worth today. There are 25 years between 1996 and 2021 and the average inflation rate was 1.929%. Therefore, we can resolve the formula like this:

Value2021
=PV × (1 + i)n
=¥100 × (1 + 0.01929)25
¥161.23

China inflation - Conversion table

Initial Value Equivalent value
¥1 renminbi in 1996 ¥1.61 renminbis in 2021
¥5 renminbis in 1996 ¥8.06 renminbis in 2021
¥10 renminbis in 1996 ¥16.12 renminbis in 2021
¥50 renminbis in 1996 ¥80.61 renminbis in 2021
¥100 renminbis in 1996 ¥161.23 renminbis in 2021
¥500 renminbis in 1996 ¥806.14 renminbis in 2021
¥1,000 renminbis in 1996 ¥1,612.28 renminbis in 2021
¥5,000 renminbis in 1996 ¥8,061.39 renminbis in 2021
¥10,000 renminbis in 1996 ¥16,122.78 renminbis in 2021
¥50,000 renminbis in 1996 ¥80,613.91 renminbis in 2021
¥100,000 renminbis in 1996 ¥161,227.82 renminbis in 2021
¥500,000 renminbis in 1996 ¥806,139.08 renminbis in 2021
¥1,000,000 renminbis in 1996 ¥1,612,278.16 renminbis in 2021
Cumulative inflation From 1996 65.57%
Avg. annual inflation From 1996 1.96%
CPI 1996 69.82
CPI today 115.6

Value of Renminbi over time (by year)

Period Value
1996 100
1997 102.79
1998 101.99
1999 100.56
2000 100.91
2001 101.64
2002 100.89
2003 102.03
2004 105.93
2005 107.82
2006 109.59
2007 114.87
2008 121.68
2009 120.79
2010 124.63
2011 131.55
2012 135
2013 138.54
2014 141.2
2015 143.23
2016 146.09
2017 148.42
2018 151.5
2019 155.89
2020 159.66
2021 161.23
2022-10 165.36
Today 165.57

All available years

Today's value of chinese renminbis by year:

1993 | 1994 | 1995 | 1996 | 1997 | 1998 | 1999 | 2000 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 |

Other currencies: