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Value of 2006 Chinese Renminbis today

¥100 in 2006
¥150.58 in 2022

The inflation rate in China between 2006 and today has been 50.58%, which translates into a total increase of ¥50.58. This means that 100 renminbis in 2006 are equivalent to 150.58 renminbis in 2022. In other words, the purchasing power of ¥100 in 2006 equals ¥150.58 today. The average annual inflation rate between these periods has been 2.59%.

Inflation timeline in China (2006 - 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 2006-2021 47.11%
Cumulative inflation 2006-today 50.58%
Avg. Annual inflation 2006-2021 2.61%
CPI 2006 76.52
CPI 2021 112.57
CPI 2022-08 (latest official data) 115
CPI today 115.22

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 2006 and 2021, use the corresponding CPI values:

Value2021
=Value2006 ×
CPI2021/CPI2006
=¥ 100 ×
112.57/76.52
¥147.11

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 115.22:

Valuetoday
=Value2006 ×
CPItoday/CPI2006
=¥ 100 ×
115.22/76.52
¥150.58

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 15 years between 2006 and 2021 and the average inflation rate was 2.607%. Therefore, we can resolve the formula like this:

Value2021
=PV × (1 + i)n
=¥100 × (1 + 0.02607)15
¥147.11

China inflation - Conversion table

Initial Value Equivalent value
¥1 renminbi in 2006 ¥1.47 renminbis in 2021
¥5 renminbis in 2006 ¥7.36 renminbis in 2021
¥10 renminbis in 2006 ¥14.71 renminbis in 2021
¥50 renminbis in 2006 ¥73.56 renminbis in 2021
¥100 renminbis in 2006 ¥147.11 renminbis in 2021
¥500 renminbis in 2006 ¥735.57 renminbis in 2021
¥1,000 renminbis in 2006 ¥1,471.14 renminbis in 2021
¥5,000 renminbis in 2006 ¥7,355.68 renminbis in 2021
¥10,000 renminbis in 2006 ¥14,711.37 renminbis in 2021
¥50,000 renminbis in 2006 ¥73,556.84 renminbis in 2021
¥100,000 renminbis in 2006 ¥147,113.69 renminbis in 2021
¥500,000 renminbis in 2006 ¥735,568.45 renminbis in 2021
¥1,000,000 renminbis in 2006 ¥1,471,136.89 renminbis in 2021
Cumulative inflation From 2006 50.58%
Avg. annual inflation From 2006 2.59%
CPI 2006 76.52
CPI today 115.22

Value of Renminbi over time (by year)

Period Value
2006 100
2007 104.82
2008 111.03
2009 110.22
2010 113.72
2011 120.03
2012 123.18
2013 126.41
2014 128.84
2015 130.69
2016 133.3
2017 135.43
2018 138.24
2019 142.24
2020 145.68
2021 147.11
2022-08 150.3
Today 150.58

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: