Rp

Value of 2008 Indonesian Rupiahs today

Rp100 in 2008
Rp190.23 in 2024

The inflation rate in Indonesia between 2008 and today has been 90.23%, which translates into a total increase of Rp90.23. This means that 100 rupiahs in 2008 are equivalent to 190.23 rupiahs in 2024. In other words, the purchasing power of Rp100 in 2008 equals Rp190.23 today. The average annual inflation rate between these periods has been 4.1%.

Inflation timeline in Indonesia (2008 - 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 2008-2023 85.53%
Cumulative inflation 2008-today 90.23%
Avg. Annual inflation 2008-2023 4.21%
CPI 2008 68.87
CPI 2023 127.78
CPI 2024-06 (latest official data) 130.79
CPI today 131.02

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 2008 and 2023, use the corresponding CPI values:

Value2023
=Value2008 ×
CPI2023/CPI2008
=Rp 100 ×
127.78/68.87
Rp185.53

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 131.02:

Valuetoday
=Value2008 ×
CPItoday/CPI2008
=Rp 100 ×
131.02/68.87
Rp190.23

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 15 years between 2008 and 2023 and the average inflation rate was 4.2063%. Therefore, we can resolve the formula like this:

Value2023
=PV × (1 + i)n
=Rp100 × (1 + 0.042063)15
Rp185.53

Indonesia inflation - Conversion table

Initial Value Equivalent value
Rp1 rupiah in 2008 Rp1.86 rupiahs in 2023
Rp5 rupiahs in 2008 Rp9.28 rupiahs in 2023
Rp10 rupiahs in 2008 Rp18.55 rupiahs in 2023
Rp50 rupiahs in 2008 Rp92.76 rupiahs in 2023
Rp100 rupiahs in 2008 Rp185.53 rupiahs in 2023
Rp500 rupiahs in 2008 Rp927.65 rupiahs in 2023
Rp1,000 rupiahs in 2008 Rp1,855.29 rupiahs in 2023
Rp5,000 rupiahs in 2008 Rp9,276.46 rupiahs in 2023
Rp10,000 rupiahs in 2008 Rp18,552.92 rupiahs in 2023
Rp50,000 rupiahs in 2008 Rp92,764.59 rupiahs in 2023
Rp100,000 rupiahs in 2008 Rp185,529.19 rupiahs in 2023
Rp500,000 rupiahs in 2008 Rp927,645.95 rupiahs in 2023
Rp1,000,000 rupiahs in 2008 Rp1,855,291.89 rupiahs in 2023
Cumulative inflation From 2008 90.23%
Avg. annual inflation From 2008 4.1%
CPI 2008 68.87
CPI today 131.02

Value of Rupiah over time (by year)

Period Value
2008 100
2009 104.39
2010 109.75
2011 115.62
2012 120.57
2013 128.3
2014 136.51
2015 145.19
2016 150.31
2017 156.04
2018 161.03
2019 165.91
2020 169.1
2021 171.73
2022 178.96
2023 185.53
2024-06 189.9
Today 190.23

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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