Rp

Value of 1996 Indonesian Ruphias today

Rp100 in 1996
Rp776.89 in 2022

The inflation rate in Indonesia between 1996 and today has been 676.89%, which translates into a total increase of Rp676.89. This means that 100 ruphias in 1996 are equivalent to 776.89 ruphias in 2022. In other words, the purchasing power of Rp100 in 1996 equals Rp776.89 today. The average annual inflation rate between these periods has been 8.2%.

Inflation timeline in Indonesia (1996 - 2022)

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 1996-2021 647.52%
Cumulative inflation 1996-today 676.89%
Avg. Annual inflation 1996-2021 8.38%
CPI 1996 15.82
CPI 2021 118.28
CPI 2022-05 (latest official data) 122.58
CPI today 122.93

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 1996 and 2021, use the corresponding CPI values:

Value2021
=Value1996 ×
CPI2021/CPI1996
=Rp 100 ×
118.28/15.82
Rp747.52

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 122.93:

Valuetoday
=Value1996 ×
CPItoday/CPI1996
=Rp 100 ×
122.93/15.82
Rp776.89

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 25 years between 1996 and 2021 and the average inflation rate was 8.379%. Therefore, we can resolve the formula like this:

Value2021
=PV × (1 + i)n
=Rp100 × (1 + 0.08379)25
Rp747.52

Indonesia inflation - Conversion table

Initial Value Equivalent value
Rp1 ruphia in 1996 Rp7.48 ruphias in 2021
Rp5 ruphias in 1996 Rp37.38 ruphias in 2021
Rp10 ruphias in 1996 Rp74.75 ruphias in 2021
Rp50 ruphias in 1996 Rp373.76 ruphias in 2021
Rp100 ruphias in 1996 Rp747.52 ruphias in 2021
Rp500 ruphias in 1996 Rp3,737.62 ruphias in 2021
Rp1,000 ruphias in 1996 Rp7,475.24 ruphias in 2021
Rp5,000 ruphias in 1996 Rp37,376.21 ruphias in 2021
Rp10,000 ruphias in 1996 Rp74,752.43 ruphias in 2021
Rp50,000 ruphias in 1996 Rp373,762.15 ruphias in 2021
Rp100,000 ruphias in 1996 Rp747,524.3 ruphias in 2021
Rp500,000 ruphias in 1996 Rp3,737,621.49 ruphias in 2021
Rp1,000,000 ruphias in 1996 Rp7,475,242.99 ruphias in 2021
Cumulative inflation From 1996 676.89%
Avg. annual inflation From 1996 8.2%
CPI 1996 15.82
CPI today 122.93

Value of Ruphia over time (by year)

Period Value
1996 100
1997 106.23
1998 168.32
1999 202.78
2000 210.26
2001 234.44
2002 262.34
2003 280.07
2004 297.05
2005 328.11
2006 371.12
2007 394.89
2008 435.28
2009 454.37
2010 477.7
2011 503.28
2012 524.82
2013 558.48
2014 594.19
2015 632
2016 654.28
2017 679.2
2018 700.93
2019 722.17
2020 736.04
2021 747.52
2022-05 774.71
Today 776.89

All available years

Today's value of indonesian ruphias 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 |

Other currencies: