Rp

Value of 1994 Indonesian Rupiahs today

Rp100 in 1994
Rp978 in 2024

The inflation rate in Indonesia between 1994 and today has been 878%, which translates into a total increase of Rp878. This means that 100 rupiahs in 1994 are equivalent to 978 rupiahs in 2024. In other words, the purchasing power of Rp100 in 1994 equals Rp978 today. The average annual inflation rate between these periods has been 7.9%.

Inflation timeline in Indonesia (1994 - 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 1994-2023 854.1%
Cumulative inflation 1994-today 878%
Avg. Annual inflation 1994-2023 8.09%
CPI 1994 13.39
CPI 2023 127.78
CPI 2024-06 (latest official data) 130.79
CPI today 130.98

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 1994 and 2023, use the corresponding CPI values:

Value2023
=Value1994 ×
CPI2023/CPI1994
=Rp 100 ×
127.78/13.39
Rp954.1

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 130.98:

Valuetoday
=Value1994 ×
CPItoday/CPI1994
=Rp 100 ×
130.98/13.39
Rp978

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 29 years between 1994 and 2023 and the average inflation rate was 8.0884%. Therefore, we can resolve the formula like this:

Value2023
=PV × (1 + i)n
=Rp100 × (1 + 0.080884)29
Rp954.1

Indonesia inflation - Conversion table

Initial Value Equivalent value
Rp1 rupiah in 1994 Rp9.54 rupiahs in 2023
Rp5 rupiahs in 1994 Rp47.7 rupiahs in 2023
Rp10 rupiahs in 1994 Rp95.41 rupiahs in 2023
Rp50 rupiahs in 1994 Rp477.05 rupiahs in 2023
Rp100 rupiahs in 1994 Rp954.1 rupiahs in 2023
Rp500 rupiahs in 1994 Rp4,770.48 rupiahs in 2023
Rp1,000 rupiahs in 1994 Rp9,540.97 rupiahs in 2023
Rp5,000 rupiahs in 1994 Rp47,704.84 rupiahs in 2023
Rp10,000 rupiahs in 1994 Rp95,409.67 rupiahs in 2023
Rp50,000 rupiahs in 1994 Rp477,048.35 rupiahs in 2023
Rp100,000 rupiahs in 1994 Rp954,096.7 rupiahs in 2023
Rp500,000 rupiahs in 1994 Rp4,770,483.52 rupiahs in 2023
Rp1,000,000 rupiahs in 1994 Rp9,540,967.03 rupiahs in 2023
Cumulative inflation From 1994 878%
Avg. annual inflation From 1994 7.9%
CPI 1994 13.39
CPI today 130.98

Value of Rupiah over time (by year)

Period Value
1994 100
1995 109.42
1996 118.14
1997 125.5
1998 198.86
1999 239.58
2000 248.42
2001 276.98
2002 309.95
2003 330.89
2004 350.95
2005 387.64
2006 438.45
2007 466.54
2008 514.26
2009 536.81
2010 564.38
2011 594.6
2012 620.05
2013 659.81
2014 702
2015 746.67
2016 773
2017 802.44
2018 828.11
2019 853.2
2020 869.58
2021 883.15
2022 920.33
2023 954.1
2024-06 976.59
Today 978

All available years

Today's value of indonesian rupiahs by year:

1968 | 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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