Rp

Value of 1971 Indonesian Rupiahs today

Rp100 in 1971
Rp13,917.18 in 2023

The inflation rate in Indonesia between 1971 and today has been 13,817.18%, which translates into a total increase of Rp13,817.18. This means that 100 rupiahs in 1971 are equivalent to 13,917.18 rupiahs in 2023. In other words, the purchasing power of Rp100 in 1971 equals Rp13,917.18 today. The average annual inflation rate between these periods has been 9.96%.

Inflation timeline in Indonesia (1971 - 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. Today's values were extrapolated from the latest 12-month rolling average official data.

The following table contains relevant indicators:

Indicator Value
Cumulative inflation 1971-2022 13,442.32%
Cumulative inflation 1971-today 13,817.18%
Avg. Annual inflation 1971-2022 10.1%
CPI 1971 0.91
CPI 2022 123.26
CPI 2022-12 (latest official data) 126.1
CPI today 126.67

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 1971 and 2022, use the corresponding CPI values:

Value2022
=Value1971 ×
CPI2022/CPI1971
=Rp 100 ×
123.26/0.91
Rp13,542.32

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 126.67:

Valuetoday
=Value1971 ×
CPItoday/CPI1971
=Rp 100 ×
126.67/0.91
Rp13,917.18

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 51 years between 1971 and 2022 and the average inflation rate was 10.1027%. Therefore, we can resolve the formula like this:

Value2022
=PV × (1 + i)n
=Rp100 × (1 + 0.101027)51
Rp13,542.32

Indonesia inflation - Conversion table

Initial Value Equivalent value
Rp1 rupiah in 1971 Rp135.42 rupiahs in 2022
Rp5 rupiahs in 1971 Rp677.12 rupiahs in 2022
Rp10 rupiahs in 1971 Rp1,354.23 rupiahs in 2022
Rp50 rupiahs in 1971 Rp6,771.16 rupiahs in 2022
Rp100 rupiahs in 1971 Rp13,542.32 rupiahs in 2022
Rp500 rupiahs in 1971 Rp67,711.6 rupiahs in 2022
Rp1,000 rupiahs in 1971 Rp135,423.19 rupiahs in 2022
Rp5,000 rupiahs in 1971 Rp677,115.96 rupiahs in 2022
Rp10,000 rupiahs in 1971 Rp1,354,231.92 rupiahs in 2022
Rp50,000 rupiahs in 1971 Rp6,771,159.62 rupiahs in 2022
Rp100,000 rupiahs in 1971 Rp13,542,319.25 rupiahs in 2022
Rp500,000 rupiahs in 1971 Rp67,711,596.23 rupiahs in 2022
Rp1,000,000 rupiahs in 1971 Rp135,423,192.46 rupiahs in 2022
Cumulative inflation From 1971 13,817.18%
Avg. annual inflation From 1971 9.96%
CPI 1971 0.91
CPI today 126.67

Value of Rupiah over time (by year)

Period Value
1971 100
1972 106.52
1973 139.59
1974 196.11
1975 233.7
1976 280.03
1977 310.98
1978 336.21
1979 390.79
1980 461.27
1981 517.85
1982 566.76
1983 633.64
1984 699.89
1985 732.95
1986 775.63
1987 847.6
1988 915.79
1989 974.54
1990 1,050.74
1991 1,149.71
1992 1,236.21
1993 1,355.78
1994 1,471.45
1995 1,610.07
1996 1,738.44
1997 1,846.68
1998 2,926.09
1999 3,525.29
2000 3,655.32
2001 4,075.69
2002 4,560.7
2003 4,868.88
2004 5,164.13
2005 5,703.95
2006 6,451.66
2007 6,864.99
2008 7,567.05
2009 7,898.97
2010 8,304.52
2011 8,749.31
2012 9,123.74
2013 9,708.8
2014 10,329.67
2015 10,986.96
2016 11,374.34
2017 11,807.57
2018 12,185.21
2019 12,554.49
2020 12,795.67
2021 12,995.29
2022 13,542.32
2022-12 13,854.46
Today 13,917.18

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 |

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