Result: Rp100 in 1960 → Rp57,640,118.50 in 2022
Why a ruphia today is worth only 0.000% of a ruphia in 1960
Updated: January 12, 2022Rp100 in 1960 is equivalent in purchasing power to about Rp57,640,118.50 today, an increase of Rp57,640,018.50 over 62 years. The ruphia had an average inflation rate of 23.86% per year between 1960 and today, producing a cumulative price increase of 57,640,018.50%.
This means that today's prices are 576,401.19 times higher than average prices since 1960, according to the World Bank consumer price index for Indonesia. A ruphia today only buys 0.00% of what it could buy back then.
The inflation rate in 1960 was 39.59%. The current year-over-year inflation rate (2021 to 2022) is now 1.92%. If this number holds, Rp100 today will be equivalent in buying power to Rp101.92 next year.
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| Cumulative price change | 57,640,018.50% |
| Average inflation rate | 23.86% |
| Converted amount (Rp100 base) | Rp57,640,118.50 |
| Price difference (Rp100 base) | Rp57,640,018.50 |
| CPI in 1960 | 1.396 |
| CPI in 2022 | 804,600.972 |
| Inflation in 1960 | 39.59% |
| Inflation in 2022 | 1.92% |
| Rp100 in 1960 | Rp57,640,118.50 in 2022 |
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 Rp57,640,118.50 in order to "adjust" for inflation (sometimes refered to as "beating inflation").
When Rp100 is equivalent to Rp57,640,118.50 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 62 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 1960 amounts in today's ruphias, based on the 57,640,018.50% change in prices:
| Initial value | Equivalent value |
|---|---|
| Rp1 ruphia in 1960 | Rp576,401.19 ruphias today |
| Rp5 ruphias in 1960 | Rp2,882,005.93 ruphias today |
| Rp10 ruphias in 1960 | Rp5,764,011.85 ruphias today |
| Rp50 ruphias in 1960 | Rp28,820,059.25 ruphias today |
| Rp100 ruphias in 1960 | Rp57,640,118.50 ruphias today |
| Rp500 ruphias in 1960 | Rp288,200,592.51 ruphias today |
| Rp1,000 ruphias in 1960 | Rp576,401,185.02 ruphias today |
| Rp5,000 ruphias in 1960 | Rp2,882,005,925.08 ruphias today |
| Rp10,000 ruphias in 1960 | Rp5,764,011,850.17 ruphias today |
| Rp50,000 ruphias in 1960 | Rp28,820,059,250.83 ruphias today |
| Rp100,000 ruphias in 1960 | Rp57,640,118,501.67 ruphias today |
| Rp500,000 ruphias in 1960 | Rp288,200,592,508.33 ruphias today |
| Rp1,000,000 ruphias in 1960 | Rp576,401,185,016.66 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 1.39590443686 in the year 1960 and 804600.9715761108 in 2022:
804600.97157611081.39590443686
×
Rp100
=
Rp57,640,118.50
Rp100 in 1960 has the same "purchasing power" or "buying power" as Rp57,640,118.50 in 2022.
To get the total inflation rate for the 62 years between 1960 and 2022, we use the following formula:
CPI in 2022 - CPI in 1960CPI in 1960
×
100
=
Cumulative inflation rate (62 years)
Plugging in the values to this equation, we get:
804600.9715761108 - 1.395904436861.39590443686
×
100
=
57,640,019%
News headlines from 1960
Politics and news often influence economic performance. Here's what was happening at the time:
- Johnny Cash plays his first concert in a prison.
- The Bank of France issues new franc currency, worth 100 times the value of old francs.
- France grants independence to Cameroon (previously French Cameroon) after years of fighting.
- Guided missiles are launched for the first time from a nuclear powered submarine
Data Source & Citation
You may use the following MLA citation for this page: “Indonesia Inflation Calculator: World Bank data, 1960-2022 (IDR).” Official Inflation Data, Alioth Finance, 17 Jan. 2022, https://www.officialdata.org/indonesia/inflation.
Special thanks to QuickChart for their chart image API, which is used for chart downloads.
| Cumulative price change | 57,640,018.50% |
| Average inflation rate | 23.86% |
| Converted amount (Rp100 base) | Rp57,640,118.50 |
| Price difference (Rp100 base) | Rp57,640,018.50 |
| CPI in 1960 | 1.396 |
| CPI in 2022 | 804,600.972 |
| Inflation in 1960 | 39.59% |
| Inflation in 2022 | 1.92% |
| Rp100 in 1960 | Rp57,640,118.50 in 2022 |