# Inflation calculator - Saudi Riyal

This tool is useful to calculate the time value of money based on historical inflation and CPI values. To start, select an amount and two years, or browse the default calculation results.

﷼100 in 1996
﷼164.03 in 2022

The inflation rate in Saudi Arabia between 1996 and 2022 was 64.03%, which translates into a total increase of ﷼64.03. This means that 100 riyal in 1996 are equivalent to 164.03 riyal in 2022. In other words, the purchasing power of ﷼100 in 1996 equals ﷼164.03 in 2022. The average annual inflation rate between these periods was 1.92%.

## Inflation timeline in Saudi Arabia (1996 - 2022)

The following chart depicts the equivalence of ﷼100 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 (SAR) 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.

The following table contains relevant indicators:

Indicator Value
Cumulative inflation from 1996 to 2022 64.03%
Avg. Annual inflation from 1996 to 2022 1.92%
CPI 1996 67.62
CPI 2022 110.92

## How to calculate the time value of money with inflation data?

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 1996 and 2022, use the corresponding CPI values:

Value2022
=Value1996 ×
CPI2022/CPI1996
=﷼ 100 ×
110.92/67.62
﷼164.03

### 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 ﷼100 worth today. There are 26 years between 1996 and 2022 and the average inflation rate was 1.9216%. Therefore, we can resolve the formula like this:

Value2022
=PV × (1 + i)n
=﷼100 × (1 + 0.019216)26
﷼164.03

## Saudi Arabia inflation - Conversion table

Initial Value Equivalent value
﷼1 riyal in 1996 ﷼1.64 riyal in 2022
﷼5 riyal in 1996 ﷼8.2 riyal in 2022
﷼10 riyal in 1996 ﷼16.4 riyal in 2022
﷼50 riyal in 1996 ﷼82.02 riyal in 2022
﷼100 riyal in 1996 ﷼164.03 riyal in 2022
﷼500 riyal in 1996 ﷼820.15 riyal in 2022
﷼1,000 riyal in 1996 ﷼1,640.31 riyal in 2022
﷼5,000 riyal in 1996 ﷼8,201.53 riyal in 2022
﷼10,000 riyal in 1996 ﷼16,403.05 riyal in 2022
﷼50,000 riyal in 1996 ﷼82,015.27 riyal in 2022
﷼100,000 riyal in 1996 ﷼164,030.55 riyal in 2022
﷼500,000 riyal in 1996 ﷼820,152.74 riyal in 2022
﷼1,000,000 riyal in 1996 ﷼1,640,305.48 riyal in 2022
 Cumulative inflation 1996-2022 64.03% Avg. annual inflation 1996-2022 1.92% CPI 1996 67.62 CPI 2022 110.92

### Value of Riyal over time (by year)

Period Value
1996 100
1997 100.06
1998 99.69
1999 98.36
2000 97.25
2001 96.16
2002 96.4
2003 96.99
2004 97.49
2005 97.95
2006 100.12
2007 104.29
2008 114.58
2009 120.38
2010 126.81
2011 134.2
2012 138.04
2013 142.92
2014 146.11
2015 147.88
2016 150.94
2017 149.67
2018 153.35
2019 150.14
2020 155.31
2021 160.07
2022 164.03

All available years

Today's value of saudi riyals by year:

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: