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:

Value_t =Value₀ ×

CPI_t/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:

Value_today

=Value₁₉₉₆ ×

CPI_today/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