Rp

Value of 1997 Indonesian Rupiahs today

Rp100 in 1997
Rp781.79 in 2024

The inflation rate in Indonesia between 1997 and today has been 681.79%, which translates into a total increase of Rp681.79. This means that 100 rupiahs in 1997 are equivalent to 781.79 rupiahs in 2024. In other words, the purchasing power of Rp100 in 1997 equals Rp781.79 today. The average annual inflation rate between these periods has been 7.91%.

Inflation timeline in Indonesia (1997 - 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 1997-2023 660.23%
Cumulative inflation 1997-today 681.79%
Avg. Annual inflation 1997-2023 8.11%
CPI 1997 16.81
CPI 2023 127.78
CPI 2024-04 (latest official data) 130.94
CPI today 131.4

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 1997 and 2023, use the corresponding CPI values:

Value2023
=Value1997 ×
CPI2023/CPI1997
=Rp 100 ×
127.78/16.81
Rp760.23

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 131.4:

Valuetoday
=Value1997 ×
CPItoday/CPI1997
=Rp 100 ×
131.4/16.81
Rp781.79

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 26 years between 1997 and 2023 and the average inflation rate was 8.1142%. Therefore, we can resolve the formula like this:

Value2023
=PV × (1 + i)n
=Rp100 × (1 + 0.081142)26
Rp760.23

Indonesia inflation - Conversion table

Initial Value Equivalent value
Rp1 rupiah in 1997 Rp7.6 rupiahs in 2023
Rp5 rupiahs in 1997 Rp38.01 rupiahs in 2023
Rp10 rupiahs in 1997 Rp76.02 rupiahs in 2023
Rp50 rupiahs in 1997 Rp380.12 rupiahs in 2023
Rp100 rupiahs in 1997 Rp760.23 rupiahs in 2023
Rp500 rupiahs in 1997 Rp3,801.16 rupiahs in 2023
Rp1,000 rupiahs in 1997 Rp7,602.33 rupiahs in 2023
Rp5,000 rupiahs in 1997 Rp38,011.65 rupiahs in 2023
Rp10,000 rupiahs in 1997 Rp76,023.3 rupiahs in 2023
Rp50,000 rupiahs in 1997 Rp380,116.48 rupiahs in 2023
Rp100,000 rupiahs in 1997 Rp760,232.96 rupiahs in 2023
Rp500,000 rupiahs in 1997 Rp3,801,164.81 rupiahs in 2023
Rp1,000,000 rupiahs in 1997 Rp7,602,329.61 rupiahs in 2023
Cumulative inflation From 1997 681.79%
Avg. annual inflation From 1997 7.91%
CPI 1997 16.81
CPI today 131.4

Value of Rupiah over time (by year)

Period Value
1997 100
1998 158.45
1999 190.9
2000 197.94
2001 220.7
2002 246.97
2003 263.66
2004 279.64
2005 308.88
2006 349.36
2007 371.75
2008 409.76
2009 427.74
2010 449.7
2011 473.79
2012 494.06
2013 525.74
2014 559.36
2015 594.96
2016 615.93
2017 639.39
2018 659.84
2019 679.84
2020 692.89
2021 703.7
2022 733.32
2023 760.23
2024-04 779.03
Today 781.79

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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