Rp

Value of 2002 Indonesian Rupiahs today

Rp100 in 2002
Rp316.06 in 2024

The inflation rate in Indonesia between 2002 and today has been 216.06%, which translates into a total increase of Rp216.06. This means that 100 rupiahs in 2002 are equivalent to 316.06 rupiahs in 2024. In other words, the purchasing power of Rp100 in 2002 equals Rp316.06 today. The average annual inflation rate between these periods has been 5.37%.

Inflation timeline in Indonesia (2002 - 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 2002-2023 207.83%
Cumulative inflation 2002-today 216.06%
Avg. Annual inflation 2002-2023 5.5%
CPI 2002 41.51
CPI 2023 127.78
CPI 2024-04 (latest official data) 130.94
CPI today 131.2

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 2002 and 2023, use the corresponding CPI values:

Value2023
=Value2002 ×
CPI2023/CPI2002
=Rp 100 ×
127.78/41.51
Rp307.83

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 131.2:

Valuetoday
=Value2002 ×
CPItoday/CPI2002
=Rp 100 ×
131.2/41.51
Rp316.06

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 21 years between 2002 and 2023 and the average inflation rate was 5.5001%. Therefore, we can resolve the formula like this:

Value2023
=PV × (1 + i)n
=Rp100 × (1 + 0.055001)21
Rp307.83

Indonesia inflation - Conversion table

Initial Value Equivalent value
Rp1 rupiah in 2002 Rp3.08 rupiahs in 2023
Rp5 rupiahs in 2002 Rp15.39 rupiahs in 2023
Rp10 rupiahs in 2002 Rp30.78 rupiahs in 2023
Rp50 rupiahs in 2002 Rp153.91 rupiahs in 2023
Rp100 rupiahs in 2002 Rp307.83 rupiahs in 2023
Rp500 rupiahs in 2002 Rp1,539.14 rupiahs in 2023
Rp1,000 rupiahs in 2002 Rp3,078.28 rupiahs in 2023
Rp5,000 rupiahs in 2002 Rp15,391.38 rupiahs in 2023
Rp10,000 rupiahs in 2002 Rp30,782.76 rupiahs in 2023
Rp50,000 rupiahs in 2002 Rp153,913.78 rupiahs in 2023
Rp100,000 rupiahs in 2002 Rp307,827.57 rupiahs in 2023
Rp500,000 rupiahs in 2002 Rp1,539,137.83 rupiahs in 2023
Rp1,000,000 rupiahs in 2002 Rp3,078,275.67 rupiahs in 2023
Cumulative inflation From 2002 216.06%
Avg. annual inflation From 2002 5.37%
CPI 2002 41.51
CPI today 131.2

Value of Rupiah over time (by year)

Period Value
2002 100
2003 106.76
2004 113.23
2005 125.07
2006 141.46
2007 150.52
2008 165.92
2009 173.2
2010 182.09
2011 191.84
2012 200.05
2013 212.88
2014 226.49
2015 240.91
2016 249.4
2017 258.9
2018 267.18
2019 275.28
2020 280.56
2021 284.94
2022 296.93
2023 307.83
2024-04 315.44
Today 316.06

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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