**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. The Chinese Renminbi experienced an average inflation rate of 4.74% per year during this period, meaning the real value of a renminbi decreased.

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 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 buys less over the past 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 inflation calculator uses the following inflation rate formula:

CPI in 2020CPI in 1987

×

1987 CNY value

=

2020 CNY 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, 29 Mar. 2020, https://www.officialdata.org/china/inflation.

Special thanks to QuickChart for providing downloadable chart images.

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% |