Rp

Value of 2006 Indonesian Rupiahs today

Rp100 in 2006
Rp216.59 in 2023

The inflation rate in Indonesia between 2006 and today has been 116.59%, which translates into a total increase of Rp116.59. This means that 100 rupiahs in 2006 are equivalent to 216.59 rupiahs in 2023. In other words, the purchasing power of Rp100 in 2006 equals Rp216.59 today. The average annual inflation rate between these periods has been 4.65%.

Inflation timeline in Indonesia (2006 - 2023)

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 2006-2022 109.9%
Cumulative inflation 2006-today 116.59%
Avg. Annual inflation 2006-2022 4.74%
CPI 2006 58.72
CPI 2022 123.26
CPI 2023-02 (latest official data) 126.73
CPI today 127.19

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 2006 and 2022, use the corresponding CPI values:

Value2022
=Value2006 ×
CPI2022/CPI2006
=Rp 100 ×
123.26/58.72
Rp209.9

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 127.19:

Valuetoday
=Value2006 ×
CPItoday/CPI2006
=Rp 100 ×
127.19/58.72
Rp216.59

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 16 years between 2006 and 2022 and the average inflation rate was 4.7433%. Therefore, we can resolve the formula like this:

Value2022
=PV × (1 + i)n
=Rp100 × (1 + 0.047433)16
Rp209.9

Indonesia inflation - Conversion table

Initial Value Equivalent value
Rp1 rupiah in 2006 Rp2.1 rupiahs in 2022
Rp5 rupiahs in 2006 Rp10.5 rupiahs in 2022
Rp10 rupiahs in 2006 Rp20.99 rupiahs in 2022
Rp50 rupiahs in 2006 Rp104.95 rupiahs in 2022
Rp100 rupiahs in 2006 Rp209.9 rupiahs in 2022
Rp500 rupiahs in 2006 Rp1,049.52 rupiahs in 2022
Rp1,000 rupiahs in 2006 Rp2,099.04 rupiahs in 2022
Rp5,000 rupiahs in 2006 Rp10,495.22 rupiahs in 2022
Rp10,000 rupiahs in 2006 Rp20,990.45 rupiahs in 2022
Rp50,000 rupiahs in 2006 Rp104,952.23 rupiahs in 2022
Rp100,000 rupiahs in 2006 Rp209,904.46 rupiahs in 2022
Rp500,000 rupiahs in 2006 Rp1,049,522.28 rupiahs in 2022
Rp1,000,000 rupiahs in 2006 Rp2,099,044.55 rupiahs in 2022
Cumulative inflation From 2006 116.59%
Avg. annual inflation From 2006 4.65%
CPI 2006 58.72
CPI today 127.19

Value of Rupiah over time (by year)

Period Value
2006 100
2007 106.41
2008 117.29
2009 122.43
2010 128.72
2011 135.61
2012 141.42
2013 150.49
2014 160.11
2015 170.3
2016 176.3
2017 183.02
2018 188.87
2019 194.59
2020 198.33
2021 201.43
2022 209.9
2023-02 215.82
Today 216.59

All available years

Today's value of indonesian rupiahs 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 | 2022 |

Other currencies: