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Value of 1997 Chinese Renminbis today

¥100 in 1997
¥159.63 in 2022

The inflation rate in China between 1997 and today has been 59.63%, which translates into a total increase of ¥59.63. This means that 100 renminbis in 1997 are equivalent to 159.63 renminbis in 2022. In other words, the purchasing power of ¥100 in 1997 equals ¥159.63 today. The average annual inflation rate between these periods has been 1.89%.

Inflation timeline in China (1997 - 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 1997-2021 56.86%
Cumulative inflation 1997-today 59.63%
Avg. Annual inflation 1997-2021 1.89%
CPI 1997 71.77
CPI 2021 112.57
CPI 2022-03 (latest official data) 114.33
CPI today 114.56

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 1997 and 2021, use the corresponding CPI values:

Value2021
=Value1997 ×
CPI2021/CPI1997
=¥ 100 ×
112.57/71.77
¥156.86

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 114.56:

Valuetoday
=Value1997 ×
CPItoday/CPI1997
=¥ 100 ×
114.56/71.77
¥159.63

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 24 years between 1997 and 2021 and the average inflation rate was 1.8934%. Therefore, we can resolve the formula like this:

Value2021
=PV × (1 + i)n
=¥100 × (1 + 0.018934)24
¥156.86

China inflation - Conversion table

Initial Value Equivalent value
¥1 renminbi in 1997 ¥1.57 renminbis in 2021
¥5 renminbis in 1997 ¥7.84 renminbis in 2021
¥10 renminbis in 1997 ¥15.69 renminbis in 2021
¥50 renminbis in 1997 ¥78.43 renminbis in 2021
¥100 renminbis in 1997 ¥156.86 renminbis in 2021
¥500 renminbis in 1997 ¥784.29 renminbis in 2021
¥1,000 renminbis in 1997 ¥1,568.57 renminbis in 2021
¥5,000 renminbis in 1997 ¥7,842.85 renminbis in 2021
¥10,000 renminbis in 1997 ¥15,685.7 renminbis in 2021
¥50,000 renminbis in 1997 ¥78,428.52 renminbis in 2021
¥100,000 renminbis in 1997 ¥156,857.05 renminbis in 2021
¥500,000 renminbis in 1997 ¥784,285.23 renminbis in 2021
¥1,000,000 renminbis in 1997 ¥1,568,570.46 renminbis in 2021
Cumulative inflation From 1997 59.63%
Avg. annual inflation From 1997 1.89%
CPI 1997 71.77
CPI today 114.56

Value of Renminbi over time (by year)

Period Value
1997 100
1998 99.23
1999 97.84
2000 98.18
2001 98.88
2002 98.16
2003 99.27
2004 103.06
2005 104.89
2006 106.62
2007 111.76
2008 118.38
2009 117.52
2010 121.25
2011 127.98
2012 131.34
2013 134.78
2014 137.37
2015 139.34
2016 142.13
2017 144.39
2018 147.39
2019 151.66
2020 155.33
2021 156.86
2022-03 159.32
Today 159.63

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: