Rp

Value of 2016 Indonesian Rupiahs today

Rp100 in 2016
Rp126.46 in 2024

The inflation rate in Indonesia between 2016 and today has been 26.46%, which translates into a total increase of Rp26.46. This means that 100 rupiahs in 2016 are equivalent to 126.46 rupiahs in 2024. In other words, the purchasing power of Rp100 in 2016 equals Rp126.46 today. The average annual inflation rate between these periods has been 2.98%.

Inflation timeline in Indonesia (2016 - 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 2016-2023 23.43%
Cumulative inflation 2016-today 26.46%
Avg. Annual inflation 2016-2023 3.05%
CPI 2016 103.53
CPI 2023 127.78
CPI 2024-06 (latest official data) 130.79
CPI today 130.92

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 2016 and 2023, use the corresponding CPI values:

Value2023
=Value2016 ×
CPI2023/CPI2016
=Rp 100 ×
127.78/103.53
Rp123.43

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 130.92:

Valuetoday
=Value2016 ×
CPItoday/CPI2016
=Rp 100 ×
130.92/103.53
Rp126.46

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 7 years between 2016 and 2023 and the average inflation rate was 3.0526%. Therefore, we can resolve the formula like this:

Value2023
=PV × (1 + i)n
=Rp100 × (1 + 0.030526)7
Rp123.43

Indonesia inflation - Conversion table

Initial Value Equivalent value
Rp1 rupiah in 2016 Rp1.23 rupiahs in 2023
Rp5 rupiahs in 2016 Rp6.17 rupiahs in 2023
Rp10 rupiahs in 2016 Rp12.34 rupiahs in 2023
Rp50 rupiahs in 2016 Rp61.71 rupiahs in 2023
Rp100 rupiahs in 2016 Rp123.43 rupiahs in 2023
Rp500 rupiahs in 2016 Rp617.14 rupiahs in 2023
Rp1,000 rupiahs in 2016 Rp1,234.28 rupiahs in 2023
Rp5,000 rupiahs in 2016 Rp6,171.38 rupiahs in 2023
Rp10,000 rupiahs in 2016 Rp12,342.77 rupiahs in 2023
Rp50,000 rupiahs in 2016 Rp61,713.84 rupiahs in 2023
Rp100,000 rupiahs in 2016 Rp123,427.69 rupiahs in 2023
Rp500,000 rupiahs in 2016 Rp617,138.43 rupiahs in 2023
Rp1,000,000 rupiahs in 2016 Rp1,234,276.87 rupiahs in 2023
Cumulative inflation From 2016 26.46%
Avg. annual inflation From 2016 2.98%
CPI 2016 103.53
CPI today 130.92

Value of Rupiah over time (by year)

Period Value
2016 100
2017 103.81
2018 107.13
2019 110.38
2020 112.49
2021 114.25
2022 119.06
2023 123.43
2024-06 126.34
Today 126.46

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 |

Other currencies: