# 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 1995
﷼169.9 in 2023

The inflation rate in Saudi Arabia between 1995 and 2023 was 69.9%, which translates into a total increase of ﷼69.9. This means that 100 riyal in 1995 are equivalent to 169.9 riyal in 2023. In other words, the purchasing power of ﷼100 in 1995 equals ﷼169.9 in 2023. The average annual inflation rate between these periods was 1.91%.

## Inflation timeline in Saudi Arabia (1995 - 2023)

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 1995 to 2023 69.9%
Avg. Annual inflation from 1995 to 2023 1.91%
CPI 1995 66.81
CPI 2023 113.51

## 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 1995 and 2023, use the corresponding CPI values:

Value2023
=Value1995 ×
CPI2023/CPI1995
=﷼ 100 ×
113.51/66.81
﷼169.9

### 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 28 years between 1995 and 2023 and the average inflation rate was 1.911%. Therefore, we can resolve the formula like this:

Value2023
=PV × (1 + i)n
=﷼100 × (1 + 0.01911)28
﷼169.9

## Saudi Arabia inflation - Conversion table

Initial Value Equivalent value
﷼1 riyal in 1995 ﷼1.7 riyal in 2023
﷼5 riyal in 1995 ﷼8.49 riyal in 2023
﷼10 riyal in 1995 ﷼16.99 riyal in 2023
﷼50 riyal in 1995 ﷼84.95 riyal in 2023
﷼100 riyal in 1995 ﷼169.9 riyal in 2023
﷼500 riyal in 1995 ﷼849.49 riyal in 2023
﷼1,000 riyal in 1995 ﷼1,698.99 riyal in 2023
﷼5,000 riyal in 1995 ﷼8,494.94 riyal in 2023
﷼10,000 riyal in 1995 ﷼16,989.89 riyal in 2023
﷼50,000 riyal in 1995 ﷼84,949.44 riyal in 2023
﷼100,000 riyal in 1995 ﷼169,898.88 riyal in 2023
﷼500,000 riyal in 1995 ﷼849,494.41 riyal in 2023
﷼1,000,000 riyal in 1995 ﷼1,698,988.83 riyal in 2023
 Cumulative inflation 1995-2023 69.9% Avg. annual inflation 1995-2023 1.91% CPI 1995 66.81 CPI 2023 113.51

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

Period Value
1995 100
1996 101.22
1997 101.28
1998 100.9
1999 99.56
2000 98.44
2001 97.33
2002 97.58
2003 98.17
2004 98.68
2005 99.15
2006 101.34
2007 105.57
2008 115.99
2009 121.85
2010 128.36
2011 135.84
2012 139.73
2013 144.66
2014 147.9
2015 149.68
2016 152.78
2017 151.5
2018 155.22
2019 151.97
2020 157.21
2021 162.03
2022 166.04
2023 169.9

All available years

Today's value of saudi riyals by year:

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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