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Inflation calculator - Indonesian Rupiah

This tool is useful to calculate the time value of money based on historical inflation and CPI values. To start, select an amount and two years, or browse the default calculation results.

Rp100 in 1969
Rp16,447.93 in 2023

The inflation rate in Indonesia between 1969 and 2023 was 16,347.93%, which translates into a total increase of Rp16,347.93. This means that 100 rupiahs in 1969 are equivalent to 16,447.93 rupiahs in 2023. In other words, the purchasing power of Rp100 in 1969 equals Rp16,447.93 in 2023. The average annual inflation rate between these periods was 9.91%.

Inflation timeline in Indonesia (1969 - 2023)

The following chart depicts the equivalence of Rp100 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 (IDR) 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.

The following table contains relevant indicators:

Indicator Value
Cumulative inflation from 1969 to 2023 16,347.93%
Avg. Annual inflation from 1969 to 2023 9.91%
CPI 1969 0.78
CPI 2023 127.78

How to calculate the time value of money with inflation data?

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 1969 and 2023, use the corresponding CPI values:

Value2023
=Value1969 ×
CPI2023/CPI1969
=Rp 100 ×
127.78/0.78
Rp16,447.93

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 Rp100 worth today. There are 54 years between 1969 and 2023 and the average inflation rate was 9.9105%. Therefore, we can resolve the formula like this:

Value2023
=PV × (1 + i)n
=Rp100 × (1 + 0.099105)54
Rp16,447.93

Indonesia inflation - Conversion table

Initial Value Equivalent value
Rp1 rupiah in 1969 Rp164.48 rupiahs in 2023
Rp5 rupiahs in 1969 Rp822.4 rupiahs in 2023
Rp10 rupiahs in 1969 Rp1,644.79 rupiahs in 2023
Rp50 rupiahs in 1969 Rp8,223.97 rupiahs in 2023
Rp100 rupiahs in 1969 Rp16,447.93 rupiahs in 2023
Rp500 rupiahs in 1969 Rp82,239.67 rupiahs in 2023
Rp1,000 rupiahs in 1969 Rp164,479.35 rupiahs in 2023
Rp5,000 rupiahs in 1969 Rp822,396.75 rupiahs in 2023
Rp10,000 rupiahs in 1969 Rp1,644,793.5 rupiahs in 2023
Rp50,000 rupiahs in 1969 Rp8,223,967.48 rupiahs in 2023
Rp100,000 rupiahs in 1969 Rp16,447,934.96 rupiahs in 2023
Rp500,000 rupiahs in 1969 Rp82,239,674.82 rupiahs in 2023
Rp1,000,000 rupiahs in 1969 Rp164,479,349.64 rupiahs in 2023
Cumulative inflation 1969-2023 16,347.93%
Avg. annual inflation 1969-2023 9.91%
CPI 1969 0.78
CPI 2023 127.78

Value of Rupiah over time (by year)

Period Value
1969 100
1970 112.4
1971 117.16
1972 124.8
1973 163.54
1974 229.76
1975 273.79
1976 328.08
1977 364.34
1978 393.9
1979 457.84
1980 540.42
1981 606.7
1982 664.01
1983 742.36
1984 819.97
1985 858.71
1986 908.71
1987 993.03
1988 1,072.92
1989 1,141.76
1990 1,231.03
1991 1,346.98
1992 1,448.32
1993 1,588.4
1994 1,723.93
1995 1,886.33
1996 2,036.73
1997 2,163.54
1998 3,428.15
1999 4,130.16
2000 4,282.51
2001 4,775
2002 5,343.23
2003 5,704.29
2004 6,050.2
2005 6,682.64
2006 7,558.65
2007 8,042.9
2008 8,865.42
2009 9,254.29
2010 9,729.42
2011 10,250.54
2012 10,689.21
2013 11,374.65
2014 12,102.06
2015 12,872.12
2016 13,325.97
2017 13,833.53
2018 14,275.97
2019 14,708.62
2020 14,991
2021 15,224.88
2022 15,865.75
2023 16,447.93

All available years

Today's value of indonesian rupiahs by year:

1969 | 1970 | 1971 | 1972 | 1973 | 1974 | 1975 | 1976 | 1977 | 1978 | 1979 | 1980 | 1981 | 1982 | 1983 | 1984 | 1985 | 1986 | 1987 | 1988 | 1989 | 1990 | 1991 | 1992 | 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 | 2022 | 2023 |

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