Result: Rp100 in 1961 → Rp49,336,773.01 in 2020
Why a ruphia today is worth only 0.0% of a ruphia in 1961
Updated: September 11, 2020According to the World Bank consumer price index for Indonesia, today's prices in 2020 are 49,336,673.01% higher than average prices since 1961. This means that a ruphia today only buys 0.00% of what it could buy in 1961. The Indonesian Ruphia experienced an average inflation rate of 24.88% per year during this period, causing the real value of a ruphia to decrease.
In other words, Rp100 in 1961 is equivalent in purchasing power to about Rp49,336,773.01 in 2020, a difference of Rp49,336,673.01 over 59 years. This inflation data is collected by the World Bank and is specific to Indonesia.
The 1961 inflation rate was 13.69%. The current year-over-year inflation rate (2019 to 2020) is now 3.03%1. If this number holds, Rp100 today will be equivalent in buying power to Rp103.03 next year.
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| Cumulative price change | 49,336,673.01% |
| Average inflation rate | 24.88% |
| Converted amount (Rp100 base) | Rp49,336,773.01 |
| Price difference (Rp100 base) | Rp49,336,673.01 |
| CPI in 1961 | 0.000 |
| CPI in 2020 | 155.758 |
| Inflation in 1961 | 13.69% |
| Inflation in 2020 | 3.03% |
Buying power of Rp100 in 1961
This chart shows a calculation of buying power equivalence for Rp100 in 1961 (price index tracking began in 1960).
For example, if you started with Rp100, you would need to end with Rp49,336,773.01 in order to "adjust" for inflation (sometimes refered to as "beating inflation").
When Rp100 is equivalent to Rp49,336,773.01 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 1961 dollars, the chart below shows how Rp100 is worth less over 59 years.
According to the World Bank, each of these IDR amounts below is equal in terms of what it could buy at the time:
This conversion table shows various other 1961 amounts in today's ruphias, based on the 49,336,673.01% change in prices:
| Initial value | Equivalent value |
|---|---|
| Rp1 ruphia in 1961 | Rp493,367.73 ruphias today |
| Rp5 ruphias in 1961 | Rp2,466,838.65 ruphias today |
| Rp10 ruphias in 1961 | Rp4,933,677.30 ruphias today |
| Rp50 ruphias in 1961 | Rp24,668,386.51 ruphias today |
| Rp100 ruphias in 1961 | Rp49,336,773.01 ruphias today |
| Rp500 ruphias in 1961 | Rp246,683,865.06 ruphias today |
| Rp1,000 ruphias in 1961 | Rp493,367,730.11 ruphias today |
| Rp5,000 ruphias in 1961 | Rp2,466,838,650.55 ruphias today |
| Rp10,000 ruphias in 1961 | Rp4,933,677,301.11 ruphias today |
| Rp50,000 ruphias in 1961 | Rp24,668,386,505.54 ruphias today |
| Rp100,000 ruphias in 1961 | Rp49,336,773,011.07 ruphias today |
| Rp500,000 ruphias in 1961 | Rp246,683,865,055.36 ruphias today |
| Rp1,000,000 ruphias in 1961 | Rp493,367,730,110.71 ruphias today |
How to Calculate Inflation Rate for Rp100 since 1961
Our calculations use the following inflation rate formula to calculate the change in value between 1961 and today:
CPI today
CPI in 1961
×
1961 IDR value
=
Today's value
Then plug in historical CPI values. The Indonesian CPI was 0.0003157041 in the year 1961 and 155.75821520364462 in 2020:
155.758215203644620.0003157041
×
Rp100
=
Rp49,336,773.01
Rp100 in 1961 has the same "purchasing power" or "buying power" as Rp49,336,773.01 in 2020.
To get the total inflation rate for the 59 years between 1961 and 2020, we use the following formula:
CPI in 2020 - CPI in 1961CPI in 1961
×
100
=
Cumulative inflation rate (59 years)
Plugging in the values to this equation, we get:
155.75821520364462 - 0.00031570410.0003157041
×
100
=
49,336,673%
News headlines from 1961
Politics and news often influence economic performance. Here's what was happening at the time:
- A dog named Chernushka, frogs, and a guinea pig orbit the Earth in the Soviet flight Sputnik 9.
- Nelson Mandela is acquitted of treason after a four-and-a-half year trial.
Data Source & Citation
You may use the following MLA citation for this page: “Indonesia Inflation Calculator: World Bank data, 1961-2020 (IDR).” Official Inflation Data, Alioth Finance, 29 Sep. 2020, https://www.officialdata.org/indonesia/inflation.
Special thanks to QuickChart for their chart image API, which is used for chart downloads.
| Cumulative price change | 49,336,673.01% |
| Average inflation rate | 24.88% |
| Converted amount (Rp100 base) | Rp49,336,773.01 |
| Price difference (Rp100 base) | Rp49,336,673.01 |
| CPI in 1961 | 0.000 |
| CPI in 2020 | 155.758 |
| Inflation in 1961 | 13.69% |
| Inflation in 2020 | 3.03% |