Indonesia Inflation Calculator: World Bank data, 1960-2023 (IDR)

Result: Rp100 in 1960 → Rp60,751,766.70 in 2023

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

Updated: September 13, 2023

Rp100 in 1960 is equivalent in purchasing power to about Rp60,751,766.70 today, an increase of Rp60,751,666.70 over 63 years. The ruphia had an average inflation rate of 23.54% per year between 1960 and today, producing a cumulative price increase of 60,751,666.70%.

This means that today's prices are 607,517.67 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 last year is now 3.27%. If this number holds, Rp100 today will be equivalent in buying power to Rp103.27 next year.

Contents

Overview
Buying Power of Rp100
Formulas & How to Calculate
Data Source

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Inflation from 1960 to 2023
Cumulative price change	60,751,666.70%
Average inflation rate	23.54%
Converted amount Rp100 base	Rp60,751,766.70
Price difference Rp100 base	Rp60,751,666.70
CPI in 1960	0.000
CPI in 2023	127.511
Inflation in 1960	39.59%
Inflation in 2023	3.27%
Rp100 in 1960	Rp60,751,766.70 in 2023

IDR inflation since 1960

Annual Rate, the OECD and the World Bank CPI

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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 Rp60,751,766.70 in order to "adjust" for inflation (sometimes refered to as "beating inflation").

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When Rp100 is equivalent to Rp60,751,766.70 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 63 years.

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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: 1960-2023
Year	Ruphia Value	Inflation Rate
1960	Rp100.00	39.59%
1961	Rp113.69	13.69%
1962	Rp263.08	131.40%
1963	Rp646.94	145.91%
1964	Rp1,352.08	108.99%
1965	Rp5,499.76	306.76%
1966	Rp67,990.95	1,136.25%
1967	Rp140,061.36	106.00%
1968	Rp320,520.69	128.84%
1969	Rp370,136.94	15.48%
1970	Rp416,031.92	12.40%
1971	Rp433,645.70	4.23%
1972	Rp461,926.94	6.52%
1973	Rp605,317.92	31.04%
1974	Rp850,421.63	40.49%
1975	Rp1,013,411.03	19.17%
1976	Rp1,214,356.88	19.83%
1977	Rp1,348,568.53	11.05%
1978	Rp1,457,972.17	8.11%
1979	Rp1,694,641.86	16.23%
1980	Rp2,000,277.41	18.04%
1981	Rp2,245,629.82	12.27%
1982	Rp2,457,738.77	9.45%
1983	Rp2,747,745.98	11.80%
1984	Rp3,035,023.63	10.46%
1985	Rp3,178,414.47	4.72%
1986	Rp3,363,482.80	5.82%
1987	Rp3,675,568.93	9.28%
1988	Rp3,971,281.09	8.05%
1989	Rp4,226,060.44	6.42%
1990	Rp4,556,504.47	7.82%
1991	Rp4,985,685.50	9.42%
1992	Rp5,360,785.76	7.52%
1993	Rp5,879,272.08	9.67%
1994	Rp6,380,892.26	8.53%
1995	Rp6,981,994.12	9.42%
1996	Rp7,538,686.56	7.97%
1997	Rp8,008,056.19	6.23%
1998	Rp12,688,850.35	58.45%
1999	Rp15,287,251.84	20.48%
2000	Rp15,851,138.59	3.69%
2001	Rp17,674,035.58	11.50%
2002	Rp19,777,267.95	11.90%
2003	Rp21,113,681.42	6.76%
2004	Rp22,394,026.86	6.06%
2005	Rp24,734,919.44	10.45%
2006	Rp27,977,340.94	13.11%
2007	Rp29,769,726.41	6.41%
2008	Rp32,814,180.31	10.23%
2009	Rp34,253,543.98	4.39%
2010	Rp36,012,187.62	5.13%
2011	Rp37,941,022.13	5.36%
2012	Rp39,564,708.01	4.28%
2013	Rp42,101,795.81	6.41%
2014	Rp44,794,176.04	6.39%
2015	Rp47,644,483.44	6.36%
2016	Rp49,324,332.63	3.53%
2017	Rp51,203,002.26	3.81%
2018	Rp52,840,638.44	3.20%
2019	Rp54,442,017.18	3.03%
2020	Rp55,487,861.23	1.92%
2021	Rp56,353,513.85	1.56%
2022	Rp58,725,685.04	4.21%
2023	Rp60,751,766.70	3.45%*

* Compared to previous annual rate. Not final. See inflation summary for latest 12-month trailing value.

Click to show 57 more rows

This conversion table shows various other 1960 amounts in today's ruphias, based on the 60,751,666.70% change in prices:

Conversion: 1960 ruphias today
Initial value	Equivalent value
Rp1 ruphia in 1960	Rp607,517.67 ruphias today
Rp5 ruphias in 1960	Rp3,037,588.33 ruphias today
Rp10 ruphias in 1960	Rp6,075,176.67 ruphias today
Rp50 ruphias in 1960	Rp30,375,883.35 ruphias today
Rp100 ruphias in 1960	Rp60,751,766.70 ruphias today
Rp500 ruphias in 1960	Rp303,758,833.48 ruphias today
Rp1,000 ruphias in 1960	Rp607,517,666.95 ruphias today
Rp5,000 ruphias in 1960	Rp3,037,588,334.76 ruphias today
Rp10,000 ruphias in 1960	Rp6,075,176,669.52 ruphias today
Rp50,000 ruphias in 1960	Rp30,375,883,347.58 ruphias today
Rp100,000 ruphias in 1960	Rp60,751,766,695.17 ruphias today
Rp500,000 ruphias in 1960	Rp303,758,833,475.83 ruphias today
Rp1,000,000 ruphias in 1960	Rp607,517,666,951.66 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 127.5106 in 2023:

127.51060.0002098878879355213

Rp100

Rp60,751,766.70

Rp100 in 1960 has the same "purchasing power" or "buying power" as Rp60,751,766.70 in 2023.

To get the total inflation rate for the 63 years between 1960 and 2023, we use the following formula:

CPI in 2023 - CPI in 1960CPI in 1960

100

Cumulative inflation rate (63 years)

Plugging in the values to this equation, we get:

127.5106 - 0.00020988788793552130.0002098878879355213

100

60,751,667%

Data source & citation

You may use the following MLA citation for this page: “Indonesia Inflation Calculator: World Bank data, 1960-2023 (IDR).” Official Inflation Data, Alioth Finance, 20 Sep. 2023, https://www.officialdata.org/indonesia/inflation.

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

About the author

Ian Webster is an engineer and data expert based in San Mateo, California. He has worked for Google, NASA, and consulted for governments around the world on data pipelines and data analysis. Disappointed by the lack of clear resources on the impacts of inflation on economic indicators, Ian believes this website serves as a valuable public tool. Ian earned his degree in Computer Science from Dartmouth College.

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Other resources:

Inflation from 1960 to 2023
Cumulative price change	60,751,666.70%
Average inflation rate	23.54%
Converted amount Rp100 base	Rp60,751,766.70
Price difference Rp100 base	Rp60,751,666.70
CPI in 1960	0.000
CPI in 2023	127.511
Inflation in 1960	39.59%
Inflation in 2023	3.27%
Rp100 in 1960	Rp60,751,766.70 in 2023