# China Inflation Calculator

¥

Result: ¥100 in 1997 → ¥156.86 in 2021

## Value of ¥100 from 1997 to 2021

¥100 in 1997 is equivalent in purchasing power to about ¥156.86 in 2021, an increase of ¥56.86 over 24 years. The renminbi had an average inflation rate of 1.89% per year between 1997 and 2021, producing a cumulative price increase of 56.86%.

This means that prices in 2021 are 1.57 times as high as average prices since 1997, according to the OECD and the World Bank consumer price index for China.

The inflation rate in 1997 was 2.79%. The inflation rate in 2021 was 0.98%. The 2021 inflation rate is higher compared to the average inflation rate of 0.62% per year between 2021 and 2024.

 Cumulative price change 56.86% Average inflation rate 1.89% Converted amount¥100 base ¥156.86 Price difference¥100 base ¥56.86 CPI in 1997 71.765 CPI in 2021 112.569 Inflation in 1997 2.79% Inflation in 2021 0.98% ¥100 in 1997 ¥156.86 in 2021

CNY inflation since 1997
Annual Rate, the OECD and the World Bank CPI

## Buying power of ¥100 in 1997

This chart shows a calculation of buying power equivalence for ¥100 in 1997 (price index tracking began in 1986).

For example, if you started with ¥100, you would need to end with ¥156.86 in order to "adjust" for inflation (sometimes refered to as "beating inflation").

When ¥100 is equivalent to ¥156.86 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 1997 dollars, the chart below shows how ¥100 is worth less over 24 years.

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

Renminbi inflation: 1997-2021
YearRenminbi ValueInflation Rate
1997¥100.002.79%
1998¥99.23-0.77%
1999¥97.84-1.40%
2000¥98.180.35%
2001¥98.880.72%
2002¥98.16-0.73%
2003¥99.271.13%
2004¥103.063.82%
2005¥104.891.78%
2006¥106.621.65%
2007¥111.764.82%
2008¥118.385.93%
2009¥117.52-0.73%
2010¥121.253.18%
2011¥127.985.55%
2012¥131.342.62%
2013¥134.782.62%
2014¥137.371.92%
2015¥139.341.44%
2016¥142.132.00%
2017¥144.391.59%
2018¥147.392.07%
2019¥151.662.90%
2020¥155.332.42%
2021¥156.860.98%
2022¥159.951.97%
2023¥160.350.25%
2024¥159.78-0.36%*
* Compared to previous annual rate. Not final. See inflation summary for latest 12-month trailing value.
Click to show 18 more rows

This conversion table shows various other 1997 amounts in 2021 renminbi, based on the 56.86% change in prices:

Conversion: 1997 renminbi in 2021
Initial valueEquivalent value
¥1 renminbi in 1997¥1.57 renminbi in 2021
¥5 renminbi in 1997¥7.84 renminbi in 2021
¥10 renminbi in 1997¥15.69 renminbi in 2021
¥50 renminbi in 1997¥78.43 renminbi in 2021
¥100 renminbi in 1997¥156.86 renminbi in 2021
¥500 renminbi in 1997¥784.29 renminbi in 2021
¥1,000 renminbi in 1997¥1,568.57 renminbi in 2021
¥5,000 renminbi in 1997¥7,842.85 renminbi in 2021
¥10,000 renminbi in 1997¥15,685.70 renminbi in 2021
¥50,000 renminbi in 1997¥78,428.52 renminbi in 2021
¥100,000 renminbi in 1997¥156,857.05 renminbi in 2021
¥500,000 renminbi in 1997¥784,285.23 renminbi in 2021
¥1,000,000 renminbi in 1997¥1,568,570.46 renminbi in 2021

## How to calculate inflation rate for ¥100, 1997 to 2021

Our calculations use the following inflation rate formula to calculate the change in value between 1997 and 2021:

CPI in 2021 CPI in 1997
×
1997 CNY value
=
2021 CNY value

Then plug in historical CPI values. The Chinese CPI was 71.76509 in the year 1997 and 112.5686 in 2021:

112.568671.76509
×
¥100
=
¥156.86

¥100 in 1997 has the same "purchasing power" or "buying power" as ¥156.86 in 2021.

To get the total inflation rate for the 24 years between 1997 and 2021, we use the following formula:

CPI in 2021 - CPI in 1997CPI in 1997
×
100
=
Cumulative inflation rate (24 years)

Plugging in the values to this equation, we get:

112.5686 - 71.7650971.76509
×
100
=
57%

## Data source & citation

You may use the following MLA citation for this page: “¥100 in 1997 → 2021 | China Inflation Calculator.” Official Inflation Data, Alioth Finance, 9 Aug. 2024, https://www.officialdata.org/china/inflation/1997?endYear=2021&amount=100.

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.