# Indonesia Inflation Calculator

Rp

Result: Rp100 in 1960 → Rp62,449,684.19 in 2024

## The Indonesian Ruphia has lost 100.000% of its value since 1960

Updated: July 11, 2024

Rp100 in 1960 is equivalent in purchasing power to about Rp62,449,684.19 today, an increase of Rp62,449,584.19 over 64 years. The ruphia had an average inflation rate of 23.18% per year between 1960 and today, producing a cumulative price increase of 62,449,584.19%.

This means that today's prices are 624,496.84 times as high as average prices since 1960, according to the OECD and the World Bank consumer price index for Indonesia. A ruphia today only buys 0.000% of what it could buy back then.

The inflation rate in 1960 was 39.59%. The current inflation rate compared to the end of last year is now 2.46%. If this number holds, Rp100 today will be equivalent in buying power to Rp102.46 next year.

 Cumulative price change 62,449,584.19% Average inflation rate 23.18% Converted amountRp100 base Rp62,449,684.19 Price differenceRp100 base Rp62,449,584.19 CPI in 1960 0.000 CPI in 2024 131.074 Inflation in 1960 39.59% Inflation in 2024 2.46% Rp100 in 1960 Rp62,449,684.19 in 2024

IDR inflation since 1960
Annual Rate, the OECD and the World Bank CPI

## Buying power of Rp100 in 1960

This chart shows a calculation of buying power equivalence for Rp100 in 1960 (price index tracking began in 1959).

For example, if you started with Rp100, you would need to end with Rp62,449,684.19 in order to "adjust" for inflation (sometimes refered to as "beating inflation").

When Rp100 is equivalent to Rp62,449,684.19 over time, that means that the "real value" of a single Indonesian ruphia decreases over time. In other words, a ruphia will pay for fewer items at the store.

This effect explains how inflation erodes the value of a ruphia over time. By calculating the value in 1960 dollars, the chart below shows how Rp100 is worth less over 64 years.

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

Ruphia inflation: 1960-2024
YearRuphia ValueInflation Rate
1960Rp100.0039.59%
1961Rp113.6913.69%
1962Rp263.08131.40%
1963Rp646.94145.91%
1964Rp1,352.08108.99%
1965Rp5,499.76306.76%
1966Rp67,990.951,136.25%
1967Rp140,061.36106.00%
1968Rp320,520.69128.84%
1969Rp370,136.9415.48%
1970Rp416,031.9212.40%
1971Rp433,645.704.23%
1972Rp461,926.946.52%
1973Rp605,317.9231.04%
1974Rp850,421.6340.49%
1975Rp1,013,411.0319.17%
1976Rp1,214,356.8819.83%
1977Rp1,348,568.5311.05%
1978Rp1,457,972.178.11%
1979Rp1,694,641.8616.23%
1980Rp2,000,277.4118.04%
1981Rp2,245,629.8212.27%
1982Rp2,457,738.779.45%
1983Rp2,747,745.9811.80%
1984Rp3,035,023.6310.46%
1985Rp3,178,414.474.72%
1986Rp3,363,482.805.82%
1987Rp3,675,568.939.28%
1988Rp3,971,281.098.05%
1989Rp4,226,060.446.42%
1990Rp4,556,504.477.82%
1991Rp4,985,685.509.42%
1992Rp5,360,785.767.52%
1993Rp5,879,272.089.67%
1994Rp6,380,892.268.53%
1995Rp6,981,994.129.42%
1996Rp7,538,686.567.97%
1997Rp8,008,056.196.23%
1998Rp12,688,850.3558.45%
1999Rp15,287,251.8420.48%
2000Rp15,851,138.593.69%
2001Rp17,674,035.5811.50%
2002Rp19,777,267.9511.90%
2003Rp21,113,681.426.76%
2004Rp22,394,026.866.06%
2005Rp24,734,919.4410.45%
2006Rp27,977,340.9413.11%
2007Rp29,769,726.416.41%
2008Rp32,814,180.3110.23%
2009Rp34,253,543.984.39%
2010Rp36,012,187.625.13%
2011Rp37,941,022.135.36%
2012Rp39,564,708.014.28%
2013Rp42,101,795.816.41%
2014Rp44,794,176.046.39%
2015Rp47,644,483.446.36%
2016Rp49,324,332.633.53%
2017Rp51,203,002.263.81%
2018Rp52,840,638.443.20%
2019Rp54,442,017.183.03%
2020Rp55,487,861.231.92%
2021Rp56,353,513.851.56%
2022Rp58,725,685.044.21%
2023Rp60,984,510.003.85%
2024Rp62,449,684.192.40%*
* Compared to previous annual rate. Not final. See inflation summary for latest 12-month trailing value.
Click to show 58 more rows

This conversion table shows various other 1960 amounts in today's ruphias, based on the 62,449,584.19% change in prices:

Conversion: 1960 ruphias today
Initial valueEquivalent value
Rp1 ruphia in 1960Rp624,496.84 ruphias today
Rp5 ruphias in 1960Rp3,122,484.21 ruphias today
Rp10 ruphias in 1960Rp6,244,968.42 ruphias today
Rp50 ruphias in 1960Rp31,224,842.09 ruphias today
Rp100 ruphias in 1960Rp62,449,684.19 ruphias today
Rp500 ruphias in 1960Rp312,248,420.95 ruphias today
Rp1,000 ruphias in 1960Rp624,496,841.89 ruphias today
Rp5,000 ruphias in 1960Rp3,122,484,209.45 ruphias today
Rp10,000 ruphias in 1960Rp6,244,968,418.90 ruphias today
Rp50,000 ruphias in 1960Rp31,224,842,094.50 ruphias today
Rp100,000 ruphias in 1960Rp62,449,684,189.01 ruphias today
Rp500,000 ruphias in 1960Rp312,248,420,945.04 ruphias today
Rp1,000,000 ruphias in 1960Rp624,496,841,890.08 ruphias today

## How to calculate inflation rate for Rp100 since 1960

Our calculations use the following inflation rate formula to calculate the change in value between 1960 and today:

CPI today CPI in 1960
×
1960 IDR value
=
Today's value

Then plug in historical CPI values. The Indonesian CPI was 0.0002098878879355213 in the year 1960 and 131.07432316671134 in 2024:

131.074323166711340.0002098878879355213
×
Rp100
=
Rp62,449,684.19

Rp100 in 1960 has the same "purchasing power" or "buying power" as Rp62,449,684.19 in 2024.

To get the total inflation rate for the 64 years between 1960 and 2024, we use the following formula:

CPI in 2024 - CPI in 1960CPI in 1960
×
100
=
Cumulative inflation rate (64 years)

Plugging in the values to this equation, we get:

131.07432316671134 - 0.00020988788793552130.0002098878879355213
×
100
=
62,449,584%

## Data source & citation

You may use the following MLA citation for this page: “Indonesia Inflation Calculator: World Bank data, 1960-2024 (IDR).” Official Inflation Data, Alioth Finance, 2 Aug. 2024, https://www.officialdata.org/indonesia/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.