**Result:**
¥100
in 1987 →
¥460.79
in 2020

According to the World Bank consumer price index for China, today's prices in 2020 are 360.79% higher than average prices since 1987. This means that a renminbi today only buys 21.70% of what it could buy in 1987. The Chinese Renminbi experienced an average inflation rate of 4.74% per year during this period, causing the real value of a renminbi to decrease.

In other words, ¥100 in 1987 is equivalent in purchasing power to about ¥460.79 in 2020, a difference of ¥360.79 over 33 years. This inflation data is collected by the World Bank and is specific to China.

The 1987 inflation rate was 7.23%. The current year-over-year inflation rate (2019 to 2020) is now 2.90%^{1}.
If this number holds, ¥100 today will be equivalent in buying power to ¥102.90 next year.

⌃

Cumulative price change | 360.79% |

Average inflation rate | 4.74% |

Converted amount (¥100 base) | ¥460.79 |

Price difference (¥100 base) | ¥360.79 |

CPI in 1987 | 27.933 |

CPI in 2020 | 128.710 |

Inflation in 1987 | 7.23% |

Inflation in 2020 | 2.90% |

This chart shows a calculation of buying power equivalence for ¥100 in 1987 (price index tracking began in 1986).

For example, if you started with ¥100, you would need to end with ¥460.79 in order to "adjust" for inflation (sometimes refered to as "beating inflation").

When ¥100 is equivalent to ¥460.79 over time, that means that the "real value" of a single Chinese renminbi decreases over time. In other words, a renminbi will pay for fewer items at the store.

This effect explains how inflation erodes the value of a renminbi over time. By calculating the value in 1987 dollars, the chart below shows how ¥100 is worth less over 33 years.

According to the World Bank, each of these CNY amounts below is equal in terms of what it could buy at the time:

This conversion table shows various other 1987 amounts in today's renminbi, based on the 360.79% change in prices:

Initial value | Equivalent value |
---|---|

¥1 renminbi in 1987 | ¥4.61 renminbi today |

¥5 renminbi in 1987 | ¥23.04 renminbi today |

¥10 renminbi in 1987 | ¥46.08 renminbi today |

¥50 renminbi in 1987 | ¥230.39 renminbi today |

¥100 renminbi in 1987 | ¥460.79 renminbi today |

¥500 renminbi in 1987 | ¥2,303.93 renminbi today |

¥1,000 renminbi in 1987 | ¥4,607.86 renminbi today |

¥5,000 renminbi in 1987 | ¥23,039.31 renminbi today |

¥10,000 renminbi in 1987 | ¥46,078.61 renminbi today |

¥50,000 renminbi in 1987 | ¥230,393.07 renminbi today |

¥100,000 renminbi in 1987 | ¥460,786.14 renminbi today |

¥500,000 renminbi in 1987 | ¥2,303,930.68 renminbi today |

¥1,000,000 renminbi in 1987 | ¥4,607,861.35 renminbi today |

Our calculations use the following inflation rate formula to calculate the change in value between 1987 and today:

CPI today
CPI in 1987

×

1987 CNY value

=

Today's value

Then plug in historical CPI values. The Chinese CPI was 27.9326137384 in the year 1987 and 128.70961136394504 in 2020:

128.7096113639450427.9326137384

×

¥100

=

¥100 in 1987 has the same "purchasing power" or "buying power" as ¥460.79 in 2020.

To get the total inflation rate for the 33 years between 1987 and 2020, we use the following formula:

CPI in 2020 - CPI in 1987CPI in 1987

×

100

=

Plugging in the values to this equation, we get:

128.70961136394504 - 27.932613738427.9326137384

×

100

=

Politics and news often influence economic performance. Here's what was happening at the time:

- New Zealand becomes the only nation to legislate against nuclear power, when their Labour government legislates against nuclear weapons and nuclear powered vessels.
- Margaret Thatcher becomes the first British PM in 160 years to win a third consecutive term in office.
- The Dow Jones stock index falls by 508.32 points, the event is later known as Black Monday.

You may use the following MLA citation for this page: “China Inflation Calculator: World Bank data, 1987-2020 (CNY).” Official Inflation Data, Alioth Finance, 17 Nov. 2020, https://www.officialdata.org/china/inflation.

Special thanks to QuickChart for their chart image API, which is used for chart downloads.

in2013dollars.com is a reference website maintained by the Official Data Foundation.

Cumulative price change | 360.79% |

Average inflation rate | 4.74% |

Converted amount (¥100 base) | ¥460.79 |

Price difference (¥100 base) | ¥360.79 |

CPI in 1987 | 27.933 |

CPI in 2020 | 128.710 |

Inflation in 1987 | 7.23% |

Inflation in 2020 | 2.90% |