China Inflation Calculator

Buying power of ¥2,300 in 2010

This chart shows a calculation of buying power equivalence for ¥2,300 in 2010 (price index tracking began in 1986).

For example, if you started with ¥2,300, you would need to end with ¥2,876.91 in order to "adjust" for inflation (sometimes refered to as "beating inflation").

When ¥2,300 is equivalent to ¥2,876.91 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 2010 dollars, the chart below shows how ¥2,300 is worth less over 9 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:

This conversion table shows various other 2010 amounts in 2019 renminbi, based on the 25.08% change in prices:

How to calculate inflation rate for ¥2,300, 2010 to 2019

Our calculations use the following inflation rate formula to calculate the change in value between 2010 and 2019:

Then plug in historical CPI values. The Chinese CPI was 87.01545 in the year 2010 and 108.8417 in 2019:

¥2,300 in 2010 has the same "purchasing power" or "buying power" as ¥2,876.91 in 2019.

To get the total inflation rate for the 9 years between 2010 and 2019, we use the following formula:

Plugging in the values to this equation, we get:

Data source & citation

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