Rp

Value of 1976 Indonesian Rupiahs today

Rp100 in 1976
Rp5,089.94 in 2024

The inflation rate in Indonesia between 1976 and today has been 4,989.94%, which translates into a total increase of Rp4,989.94. This means that 100 rupiahs in 1976 are equivalent to 5,089.94 rupiahs in 2024. In other words, the purchasing power of Rp100 in 1976 equals Rp5,089.94 today. The average annual inflation rate between these periods has been 8.53%.

Inflation timeline in Indonesia (1976 - 2024)

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 1976-2023 4,913.44%
Cumulative inflation 1976-today 4,989.94%
Avg. Annual inflation 1976-2023 8.69%
CPI 1976 2.55
CPI 2023 127.78
CPI 2023-12 (latest official data) 129.4
CPI today 129.73

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 1976 and 2023, use the corresponding CPI values:

Value2023
=Value1976 ×
CPI2023/CPI1976
=Rp 100 ×
127.78/2.55
Rp5,013.44

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 129.73:

Valuetoday
=Value1976 ×
CPItoday/CPI1976
=Rp 100 ×
129.73/2.55
Rp5,089.94

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 47 years between 1976 and 2023 and the average inflation rate was 8.6859%. Therefore, we can resolve the formula like this:

Value2023
=PV × (1 + i)n
=Rp100 × (1 + 0.086859)47
Rp5,013.44

Indonesia inflation - Conversion table

Initial Value Equivalent value
Rp1 rupiah in 1976 Rp50.13 rupiahs in 2023
Rp5 rupiahs in 1976 Rp250.67 rupiahs in 2023
Rp10 rupiahs in 1976 Rp501.34 rupiahs in 2023
Rp50 rupiahs in 1976 Rp2,506.72 rupiahs in 2023
Rp100 rupiahs in 1976 Rp5,013.44 rupiahs in 2023
Rp500 rupiahs in 1976 Rp25,067.19 rupiahs in 2023
Rp1,000 rupiahs in 1976 Rp50,134.38 rupiahs in 2023
Rp5,000 rupiahs in 1976 Rp250,671.89 rupiahs in 2023
Rp10,000 rupiahs in 1976 Rp501,343.78 rupiahs in 2023
Rp50,000 rupiahs in 1976 Rp2,506,718.88 rupiahs in 2023
Rp100,000 rupiahs in 1976 Rp5,013,437.76 rupiahs in 2023
Rp500,000 rupiahs in 1976 Rp25,067,188.8 rupiahs in 2023
Rp1,000,000 rupiahs in 1976 Rp50,134,377.59 rupiahs in 2023
Cumulative inflation From 1976 4,989.94%
Avg. annual inflation From 1976 8.53%
CPI 1976 2.55
CPI today 129.73

Value of Rupiah over time (by year)

Period Value
1976 100
1977 111.05
1978 120.06
1979 139.55
1980 164.72
1981 184.92
1982 202.39
1983 226.27
1984 249.93
1985 261.74
1986 276.98
1987 302.68
1988 327.03
1989 348.01
1990 375.22
1991 410.56
1992 441.45
1993 484.15
1994 525.45
1995 574.95
1996 620.8
1997 659.45
1998 1,044.9
1999 1,258.88
2000 1,305.31
2001 1,455.42
2002 1,628.62
2003 1,738.67
2004 1,844.11
2005 2,036.87
2006 2,303.88
2007 2,451.48
2008 2,702.19
2009 2,820.71
2010 2,965.54
2011 3,124.37
2012 3,258.08
2013 3,467
2014 3,688.72
2015 3,923.43
2016 4,061.77
2017 4,216.47
2018 4,351.33
2019 4,483.2
2020 4,569.32
2021 4,640.61
2022 4,835.95
2023 5,013.44
2023-12 5,076.84
Today 5,089.94

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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